About ELT



Environmental Liability Transfer, Inc. has become the largest acquirer of corporate environmental liabilities in North America – through robust indemnification, guaranteed fixed cost solutions, and a unique blend of expertise.


Environmental Liability Transfer, Inc. (ELT) is a comprehensive environmental liability assumption company providing its clients complete and final environmental liability transference services since 2004. With robust financial backing and a unique blend of expertise – real estate, environmental, legal, and insurance – ELT has successfully assumed over $1 billion USD in corporate environmental liability for its clients throughout North America.


Clients such as Shell Global, Asarco, Caterpillar, General Motors, Kinder Morgan, Textron, Kraft General Foods, Uniroyal, Kaiser Aluminum, Fruit Of The Loom, PMX, ABB, Millennium Chemicals and many more have effectively transferred and disposed of environmental liabilities through ELT programs. Today, Environmental Liability Transfer, Inc. stands ready to acquire and to provide complete removal of environmental liability.



ELT Principals




Mike Roberts











Tom Roberts






ELT Management Team





Randall Jostes


Mr. Jostes founded Environmental Liability Transfer, Inc. (ELT) in 2004 and currently serves as its Chief Executive Officer.  Over the past decade, Mr. Jostes has dramatically improved the landscape of brownfield remediation and redevelopment in North America by successfully assuming and repositioning over $1 billion USD in environmental liabilities.  His innovative approach has led to win-win solutions for environmentally-impacted real estate, helping clients navigate the complexities of environmental liabilities and improve their bottom line.


Phone: (314) 835-2848 / Email: rjostes@eltransfer.com





Matt Robinson


Mr. Robinson has over 30-years of experience managing environmentally contaminated properties throughout the United States and Canada. Mr. Robinson’s current position as President of ELT includes the management of over 150 properties under various stages of closure or post-closure care.  Mr. Robinson also leads the ELT team of underwriters and risk management specialists involved with the structuring of environmental liability transfers.  Over the course of his career, Mr. Robinson has been involved with the transfer of over a billion dollars of environmental liabilities, has secured over $100,000,000 in public funds used to offset environmental liabilities, and has been involved with the transfer of thousands of sites.


Phone: (314) 835-2823 / Email: mrobinson@eltransfer.com





Becky Lydon


As Chief Operating Officer of Environmental Liability Transfer, Inc., Mrs. Lydon is responsible for day-to-day leadership and general management of the Company. In this role, she has helped to propel ELT as the top North American environmental liability transference provider while consistently achieving year-over-year growth for the Company.


Phone: (314) 835-2880 / Email: blydon@cdcco.com





John Fonke
Executive Vice President, Asset Management


Mr. Fonke has over 30-years of experience in real estate portfolio management including lease negotiations, valuation analysis, brokerage, property management, and investment property sales. Mr. Fonke is a licensed real estate broker and CCIM, and has negotiated over $300 million of leases and sales transactions over his career. Before joining ELT, Mr. Fonke worked for several companies in various roles including the former Trammel Crow Company, SuperValu and GE Capital.  His current position as Executive Vice President of Asset Management at ELT includes the management and marketing of over 150 commercial properties under various stages of environmental remediation throughout the United States and Canada.


Phone: (314) 835-2807 / Email: jfonke@cdcco.com






Mark Hinds
Executive Vice President, New Business Development


As Executive Vice President of New Business Development for Environmental Liability Transfer, Inc. (ELT), Mr. Hinds is responsible for locating, negotiating and closing new opportunities.  Mr. Hinds is also responsible for developing relationships with firms that work in the liability transfer and real estate development arenas. Prior to joining ELT in 2004, Mr. Hinds was Director of Sales for Commercial Development Company Inc. where he utilized his 10+ year background in commercial and industrial real estate brokerage to locate and evaluate property acquisitions for the organization.


Phone: (314) 835-2838 / Email: mhinds@eltransfer.com





Tim Smith
Senior Vice President, New Business Development


As Senior VP of New Business Development for Environmental Liability Transfer, Inc. (ELT), Mr. Smith is responsible for initially locating, negotiating and finalizing the environmental liability transference of corporate legacy liability.  With 30 years of industrial safety, real estate and financial securities experience, he works closely with consultants, environmental attorneys, private equity firms during M&As, corporate spinoffs, and bankruptcies. Mr. Smith joined ELT’s affiliate Commercial Development Company Inc. (CDC) in 1991 as Vice President of Acquisitions and transitioned to ELT in 2009.


Phone: (314) 835-2858 / Email: tsmith@eltransfer.com





Steve Collins
Executive Vice President


Mr. Collins is Executive Vice President for Environmental Liability Transfer, Inc.  In this position, he is responsible for locating new opportunities for ELT.  Mr. Collins has received multiple real estate designations including CCIM and SIOR, and has acquired over 70 Brownfield sites throughout North America.  He has been influential in redevelopment of these sites, including negotiating  state and local incentives.  The value of the sites will exceed $250 million after cleanup activates have been completed. With 30+ years of experience in local government, economic development, and real estate, Mr. Collins has the knowledge and experience to evaluate and develop Brownfield sites so they benefit not only ELT but the Seller and local community.


Phone: (314) 835-2835 / Email: scollins@eltransfer.com





Doug Willett
Executive Vice President, New Business Development


Doug has successfully managed large-scale environmental remediation projects for Terracon, Waste Management, and several other Fortune 500 companies. He has leveraged his broad base of experience to advise clients on critical environmental concerns during divestitures, mergers & acquisitions, bankruptcies, and other strategic business initiatives – solving complex problems and saving clients millions of dollars. Other specialties include: environmental liability transfers, clean technology solutions, environmental compliance, property redevelopment, construction management, and more. He is an active member of the American Chemical Society, National Brownfield Association, Air & Waste Management Association, Chemical Industry Council, and an international trade association.


Phone: (314) 835-1515 / Email: dwillett@eltransfer.com




Colleen Kokas
Executive Vice President


Ms. Kokas has over 30 years of experience in the remediation of contaminated sites, including project management, cleanup negotiations, funding, liability protection, cost recovery and brownfield redevelopment.  Before joining ELT, Colleen worked at NJ Department of Environmental Protection, much of it in the management of Site Remediation, Water, Sustainability and Renewable Energy programs.  In her role as Executive Vice President, Colleen works closely with government agencies, property owners and environmental attorneys to create new business opportunities in contaminated property acquisition.


Phone: (215) 630-0482 / Email: ckokas@ELTransfer.com




Thomas Lobasso, CPG, LPG
Executive Vice President


Mr. Lobasso is an Executive Vice President with Environmental Liability Transfer, Inc. (ELT). Mr. Lobasso, a recognized expert in conducting environmental risk transfers, was instrumental in launching fixed-price guaranteed contracts while employed as an officer at an international engineering firm during the formative years of environmental transfer programs. He also co-founded a national firm that provided guaranteed fixed price remediation services for multi-national corporations and property development firms. With close to 40-years of experience in the environmental engineering field, Mr. Lobasso has directed hundreds of environmental investigations and remediation projects throughout the United States involving a wide range of hazardous and petroleum wastes, toxic and radiological materials. As a Principal of a London-based consultancy, Mr. Lobasso provided pre-acquisition environmental due diligence; pre-divesture (exit) assessments, and evaluation of environmentally-impaired fixed assets for publicly-traded corporations and the investment banking community.


Phone: (516) 353-3259 / Email: tlobasso@eltransfer.com





Thomas Pike
Vice President & General Counsel


Mr. Pike is the General Counsel to Environmental Liability Transfer, Inc.  Joining ELT in 2008, Mr. Pike heads the law department and is responsible for all legal aspects of real estate including environmental, leasing, financing and development. Prior to joining ELT, Mr. Pike performed legal and real estate asset management roles for KeyBank as commercial real estate lenders counsel and U.S. Bank as real estate asset manager.  Moreover, from 1996 through 2004, Mr. Pike acted in the capacity of both legal counsel and real estate project management for the City of St. Louis’ economic development agency.


Phone: (314) 835-2801 / Email: tpike@eltransfer.com





Brian O’Connell
Director of Acquisitions


As Director of Acquisitions, Mr. O’Connell is responsible for identifying, qualifying and negotiating real estate and environmental liability transactions. Primarily focused on the industrial market sector, Mr. O’Connell – a licensed real estate salesperson –  provides expert analysis and a demonstrated ability to create win-win solutions during complex transactions.


Phone: (314) 835-2828 / Email: boconnell@cdcco.com





John Kowalik
Director of Marketing & Public Relations


As Director of Marketing & Public Relations, Mr. Kowalik leads the effort to advance ELT’s innovative approach to environmental liability resolution and brownfield redevelopment.  He is responsible for directing and overseeing communications strategy, marketing, and public/media relations.


Phone: (314) 835-2813 / Email: jkowalik@cdcco.com




Contact ELT

If you have an environmental liability or questions/comments in general, please reach out to ELT for a confidential discussion.