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ERM expands its risk and safety practice capabilities with the acquisition of IRC Risk and Safety

HOUSTON—9 April 2010: ERM today announces the acquisition of IRC, a North American risk and safety consultancy. The acquisition will strengthen the capabilities and reach of ERM’s risk practice and increase its business in the upstream oil and gas sector.

IRC’s 27-strong staff will become part of ERM’s global risk practice. Based in Houston, IRC’s client base is mainly from the oil and gas sector in addition to EPC organizations which service the industry.

“With the IRC team joining us, we now have a risk management capability in all the four regions around the world, said Malcolm Hutton, ERM’s Risk Practice Global Lead. “ERM and IRC have already worked together on some major oil and gas projects; we now have the opportunity to strengthen our position as a world leader in risk and safety.”

Morris Burch, Managing Partner of the IRC business added, “Our clients are the big winners with this acquisition. Management of industrial risk and safety is critical to the competitive advantage of multinational corporations. With this marrying of expertise, ERM can deliver a fully integrated and consistent safety and risk service to our clients across the four main oil and gas regions. To my knowledge, no other company is able to do this.”

David McArthur, ERM’s CEO for the Americas said, “Adding IRC to ERM’s operations confirms the strategic importance of both the risk practice and the oil and gas sector. The world-class capabilities contained within IRC will allow us to enhance the risk services we offer our clients, both in the United States and globally and complement the current capabilities we have in Asia Pacific, Europe, the Middle East and South America.”

Additional Information:

IRC Risk and Safety LLC was an independent consultancy group providing a variety of services to all areas of the oil and gas industry, including exploration and production facilities, pipelines, gas processing plants, refineries, and petrochemical plants. Other markets where IRC has experience include engineering, chemicals and polymers, power generation, mining, insurance, and financial industries.

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