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February 17, 2009

LR makes acquisition

The Lloyd's Register Group, through Lloyd's Register Americas, Inc., has acquired climate change verification specialist Ryerson, Master and Associates, Inc. (RMA), Santa Barbara, Calif.

Ryerson, Master and Associates, Inc. provides a range of air quality and environmental management services that aim to help clients develop innovative solutions that achieve regulatory compliance in a cost-effective and timely manner.

With a strong client base in the western U.S., RMA serves key client sectors including electric power and natural gas utilities, oil and gas, minerals, educational facilities, medical, agricultural, and food processing. The team also manages diesel-emissions-reduction programs within the construction, agricultural and marine sectors.

Lloyd's Register says the acquisition is a key step in realizing Lloyd's Register Quality Assurance's (LRQA) five-year business strategy, making it "an instant leader in climate change verification services in the U.S.A."

"The acquisition of RMA is intended to support our ambition of becoming the global leader in climate change services across all business sectors," said Richard Sadler, Chief Executive of Lloyd's Register. "Our strategy toward acquisitions is governed by our aim to be able to supply independent assurance services across complete supply chains in the energy and transport sectors and also through the lifecycle of operating assets in the same sectors."

LRQA Managing Director, Mike James, commented on the importance of the acquisition for LRQA's global climate-change services, "In Asia we have set up three climate change units in Japan, India, and China, and in Europe we are now a leading player under the European Union Emissions Trading Scheme (EU ETS). Therefore, the acquisition of RMA not only puts us into a leading position in the USA but also completes our global network, allowing us to offer the widest range of climate-change services to clients wherever they operate globally."

Bill Master, President of RMA, believes the timing of the acquisition will help both RMA and LRQA. "RMA has enjoyed rapid growth in the greenhouse gas verification business during the last four years. We expect that third-party verification will become more widely used during the years ahead as more voluntary and mandatory climate-change programs use third-party verification as a key component for assuring the accuracy of emissions reports and emission-reduction estimates. By joining LRQA, the RMA team will be better positioned to provide our high quality services to a wider range of clients throughout North America. This is a very exciting development for RMA as the need for climate services expands."


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