EA in the News
FOR IMMEDIATE RELEASE
EA Engineering, Science, and Technology, Inc., PBC Honored with Industry Leadership Award
Hunt Valley, Maryland (13 March 2015)—EA Engineering, Science, and Technology, Inc., PBC (EA), a leading provider of interdisciplinary environmental services, announced today that it was recognized for outstanding business achievement in the category of Ownership Transition and Industry Leadership by the Environmental Business Journal® (EBJ) for 2014. EBJ recognized the company at an awards banquet held as part of the 13th Annual Environmental Industry Summit, an event hosted this week by Environmental Business International, Inc. (EBI) in San Diego, California.
EA was recognized for its execution of two key changes in its ownership structure and corporate registration—becoming 100% owned by its Employee Stock Ownership Plan (ESOP) and registering as a public benefit corporation under Delaware law. As a 100% ESOP, the economic power generated by EA is fully dedicated to growing the company and building the retirement benefits of its employees. Adoption of PBC status is in perfect alignment with the company’s environmental mission, its employees’ interest in supporting their communities, and EA’s commitment to corporate social responsibility. As a PBC, the company will plan, measure, report, and promote its specific public benefits as it remains focused exclusively on the delivery of professional environmental services.
According to Ian MacFarlane, EA’s President and Chief Executive Officer, “These changes were implemented to enhance the firm’s long-term sustainability. By putting the company at the forefront of a dynamic market shift toward responsible and sustainable business practices, the changes further advance EA’s distinctive culture and mission, while enhancing the value created for our employees, clients, communities, and the environment.”
About Environmental Business International, Inc.
Founded in 1988, EBI (San Diego, California) is a research, publishing, and consulting company that specializes in defining emerging markets and generating strategic market intelligence for companies, investors, and policymakers working in the environmental industry. EBI publishes Environmental Business Journal® (EBJ), the leading provider of strategic information for the environmental industry, and Climate Change Business Journal® (CCBJ), which covers nine segments of the climate change industry. EBI also performs contract research for the government and private sectors and hosts the Environmental Industry Summit, an annual 3-day event for executives in the environmental industry. For more information on EBI, the Environmental Industry Summit, and the EBJ and CCBJ Business Achievement Awards, visit www.ebionline.org.
About EA Engineering, Science, and Technology, Inc., PBC
EA is a 100% ESOP-owned public benefit corporation that provides environmental, compliance, natural resources, and infrastructure engineering and management solutions to a wide range of government and industrial clients. Headquartered in Hunt Valley, Maryland, EA employs more than 400 professionals through a network of 23 commercial offices across the continental United States, as well as Alaska, Hawaii, and Guam. In business for more than 41 years, EA has earned an outstanding reputation for technical expertise, responsive service, and judicious use of client resources. For more information about EA, visit www.eaest.com.