Client profile: Envirotech;

              A CLIENT PROFILE
Just over four years ago, partner
Clancy Houghton in our San Francisco
office received a phone call that was
to involve Haskins & Sells in the
birth and growth of a giant in the
pollution control industry.
Bob Kwong, Envirotech's senior vice
president and treasurer recently
reflected back on that phone call.
1 n just a few months we had to arrange
for capitalization of the company with
$20 million in stock, plus long term
debt, a line of credit big enough to
give us room to grow, rights to
pollution control technology, and
acquisition of one, hopefully two,
established companies in the water
pollution control field. It was obvious
that we needed more than just
routine audit help.
'Clancy had run the audit when I was at
U.S. Leasing',' Bob recalls.
"I knew he could do the job. I told him
what we needed and within a few days
he was hard at work helping
us make it happen'.'
The audit now involves 24 H&S offices
including 12 overseas. It shows how
doing a job well can payoff
in unexpected ways.
The formation of Envirotech as a
large, integrated company was no
accident. For many years the
manufacturing of pollution control
equipment had been a fractionated
i nd ustry. To meet the demand they felt
sure was coming, Envirotech's founders
knew there was a need to bring together
established companies which
manufactured specialized equipment and
systems for environmental management
and to consolidate their engineering,
manufacturing and marketing capabilities.
In responding to this need, our client,
Envirotech, has become the Cinderella
company in the field of environmental
control. In four years annual sales
have grown from less than $60 million
to $175 million, giving the company a
prominent place on the Fortune
magazine directory of the country's
top 1,000 U.S. industrial corporations.
Prime movers behind the formation were
Robert L. Chambers, Berne A. Schepman
and Robert R. Kwong—all with
extraordinary track records in
the business world.
Robert L. Chambers, chairman of the
board and chief executive officer was
one of three founders of the Magna
Power Tool Company in 1947. He became
president of several other companies
and, eventually, a vice president of
ENVIROTECH
combining the elements needed for an
integrated approach to the interrelated
problems of environmental protection.
Bangor Punta Corporation until the end
of 1967, when he resigned from all
operating responsibilities to begin
work on the formation of Envirotech.
Berne A. Schepman originally joined
Eimco Corporation, one of the
companies Envirotech first acquired,
as a research engineer, becoming
president in 1964 and then president
and chief operating officer of
Envirotech in 1969.
Robert R. Kwong was vice president
and treasurer with a San Francisco
client, United States Leasing
Corporation, and with Pacific Vegetable
Oil Corporation. He arranged
Envirotech's initial borrowing during
the credit crunch of 1969, becoming
vice president and treasurer of the
company when it was founded and senior
vice president in December of 1969.
Another of the close ties H&S has
had with Envirotech almost since its
inception is through former
San Francisco office senior accountant
Cass P. Apple. He is the son of the late
H&S partner Casper B. Apple who
Keeping tabs.
Robert L. Chambers, chairman of the
board and chief executive officer of
Envirotech Corporation [t. J shows H&S
partner Chuck Schwinn the automatic
monitoring system in use at the Palo
Alto water quality control plant.
Waste disposal.
A settling pond and a beaker of sterile
ash depict the beginning and end of a
secondary sewage treatment operation
for the City of San Mateo.
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