SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G
                               (Amendment No. 2)*


                    Under the Securities Exchange Act of 1934

                          QUANTA CAPITAL HOLDINGS LTD.
              -----------------------------------------------------
                                (Name of Issuer)

                                  Common Stock
              -----------------------------------------------------
                         (Title of Class of Securities)

                                    G7313F106
              -----------------------------------------------------
                                 (CUSIP Number)


                               December 31, 2005
              -----------------------------------------------------
             (Date of Event Which Requires Filing of This Statement)


        Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

        [x] Rule 13d-1(b)

        [x] Rule 13d-1(c)

        [ ] Rule 13d-1(d)



*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).








CUSIP No. G7313F106


   1.  NAME OF REPORTING PERSON(S)

              Eubel Brady & Suttman Asset Management, Inc.
-------------------------------------------------------------------------------
   2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                             (a)  [ ]
                                                             (b)  [X]
-------------------------------------------------------------------------------
   3.  SEC USE ONLY
-------------------------------------------------------------------------------
   4.  CITIZENSHIP OR PLACE OF ORGANIZATION
              Delaware
-------------------------------------------------------------------------------
   NUMBER OF      5.   SOLE VOTING POWER
     SHARES              0
  BENEFICIALLY    -------------------------------------------------------------
    OWNED BY      6.   SHARED VOTING POWER
      EACH                 7,198,882
   REPORTING      -------------------------------------------------------------
     PERSON       7.   SOLE DISPOSITIVE POWER
      WITH               0
                  -------------------------------------------------------------
                  8.   SHARED DISPOSITIVE POWER
                           7,198,882
-------------------------------------------------------------------------------
   9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
              7,198,882
-------------------------------------------------------------------------------
  10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
-------------------------------------------------------------------------------
  11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
              12.67%
-------------------------------------------------------------------------------
  12.  TYPE OF REPORTING PERSON*
              IA, CO


CUSIP No. G7313F106


   1.  NAME OF REPORTING PERSON(S)
            Ronald L. Eubel
-------------------------------------------------------------------------------
   2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                             (a)  [ ]
                                                             (b)  [X]
-------------------------------------------------------------------------------
   3.  SEC USE ONLY
-------------------------------------------------------------------------------
   4.  CITIZENSHIP OR PLACE OF ORGANIZATION
              United States of America
-------------------------------------------------------------------------------
   NUMBER OF      5.   SOLE VOTING POWER
     SHARES              1,160
  BENEFICIALLY    -------------------------------------------------------------






    OWNED BY      6.   SHARED VOTING POWER
      EACH                 7,252,742
   REPORTING      -------------------------------------------------------------
     PERSON       7.   SOLE DISPOSITIVE POWER
      WITH                 1,160
                  -------------------------------------------------------------
                  8.   SHARED DISPOSITIVE POWER
                           7,252,742
-------------------------------------------------------------------------------
   9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
              7,253,902
-------------------------------------------------------------------------------
  10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
-------------------------------------------------------------------------------
  11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
              12.77%
-------------------------------------------------------------------------------
  12.  TYPE OF REPORTING PERSON*
                  IN


CUSIP No. G7313F106


   1.  NAME OF REPORTING PERSON(S)
            Mark E. Brady
-------------------------------------------------------------------------------
   2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                             (a)  [ ]
                                                             (b)  [X]
-------------------------------------------------------------------------------
   3.  SEC USE ONLY
-------------------------------------------------------------------------------
   4.  CITIZENSHIP OR PLACE OF ORGANIZATION
              United States of America
-------------------------------------------------------------------------------
   NUMBER OF      5.   SOLE VOTING POWER
     SHARES              0
  BENEFICIALLY    -------------------------------------------------------------
    OWNED BY      6.   SHARED VOTING POWER
      EACH                 7,252,742
   REPORTING      -------------------------------------------------------------
     PERSON       7.   SOLE DISPOSITIVE POWER
      WITH               0
                  -------------------------------------------------------------
                  8.   SHARED DISPOSITIVE POWER
                           7,252,742
-------------------------------------------------------------------------------
   9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
              7,252,742
-------------------------------------------------------------------------------
  10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
-------------------------------------------------------------------------------
  11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
              12.77%
-------------------------------------------------------------------------------
  12.  TYPE OF REPORTING PERSON*
              IN







CUSIP No. G7313F106


   1.  NAME OF REPORTING PERSON(S)
            Robert J. Suttman
-------------------------------------------------------------------------------
   2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                             (a)  [ ]
                                                             (b)  [X]
-------------------------------------------------------------------------------
   3.  SEC USE ONLY
-------------------------------------------------------------------------------
   4.  CITIZENSHIP OR PLACE OF ORGANIZATION
              United States of America
-------------------------------------------------------------------------------
   NUMBER OF      5.   SOLE VOTING POWER
     SHARES              0
  BENEFICIALLY    -------------------------------------------------------------
    OWNED BY      6.   SHARED VOTING POWER
      EACH               7,252,742
   REPORTING      -------------------------------------------------------------
     PERSON       7.   SOLE DISPOSITIVE POWER
      WITH               0
                  -------------------------------------------------------------
                  8.   SHARED DISPOSITIVE POWER
                         7,252,742
-------------------------------------------------------------------------------
   9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
              7,252,742
-------------------------------------------------------------------------------
  10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
-------------------------------------------------------------------------------
  11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
              12.77%
-------------------------------------------------------------------------------
  12.  TYPE OF REPORTING PERSON*
              IN


CUSIP No. G7313F106


   1.  NAME OF REPORTING PERSON(S)
            William E. Hazel
-------------------------------------------------------------------------------
   2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                             (a)  [ ]
                                                             (b)  [X]
-------------------------------------------------------------------------------
   3.  SEC USE ONLY
-------------------------------------------------------------------------------
   4.  CITIZENSHIP OR PLACE OF ORGANIZATION
              United States of America
-------------------------------------------------------------------------------
   NUMBER OF      5.   SOLE VOTING POWER
     SHARES              0
  BENEFICIALLY    -------------------------------------------------------------
    OWNED BY      6.   SHARED VOTING POWER
      EACH                 7,252,742








   REPORTING      -------------------------------------------------------------
     PERSON       7.   SOLE DISPOSITIVE POWER
      WITH               0
                  -------------------------------------------------------------
                  8.   SHARED DISPOSITIVE POWER
                         7,252,742
-------------------------------------------------------------------------------
   9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
              7,252,742
-------------------------------------------------------------------------------
  10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
-------------------------------------------------------------------------------
  11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
              12.77%
-------------------------------------------------------------------------------
  12.  TYPE OF REPORTING PERSON*
              IN


CUSIP No. G7313F106


   1.  NAME OF REPORTING PERSON(S)
            Bernard J. Holtgreive
-------------------------------------------------------------------------------
   2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                             (a)  [ ]
                                                             (b)  [X]
-------------------------------------------------------------------------------
   3.  SEC USE ONLY
-------------------------------------------------------------------------------
   4.  CITIZENSHIP OR PLACE OF ORGANIZATION
              United States of America
-------------------------------------------------------------------------------
   NUMBER OF      5.   SOLE VOTING POWER
     SHARES              0
  BENEFICIALLY    -------------------------------------------------------------
    OWNED BY      6.   SHARED VOTING POWER
      EACH               7,252,742
   REPORTING      -------------------------------------------------------------
     PERSON       7.   SOLE DISPOSITIVE POWER
      WITH               0
                  -------------------------------------------------------------
                  8.   SHARED DISPOSITIVE POWER
                         7,252,742
-------------------------------------------------------------------------------
   9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
              7,252,742
-------------------------------------------------------------------------------
  10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
-------------------------------------------------------------------------------
  11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
              12.77%
-------------------------------------------------------------------------------
  12.  TYPE OF REPORTING PERSON*
              IN









Item 1.     (a)   Name of Issuer:
                           Quanta Capital Holdings Ltd.
                  -------------------------------------------------------------
            (b)   Address of Issuer's Principal Executive Offices:

                           1 Victoria Street, Fourth Floor
                           Hamilton HM11 Bermuda
                  -------------------------------------------------------------
Item 2.     (a)   Name of Person Filing:
                           Eubel Brady & Suttman Asset Management, Inc.
                             ("EBS")
                           Ronald L. Eubel*
                           Mark E. Brady*
                           Robert J. Suttman*
                           William E. Hazel*
                           Bernard J. Holtgreive*

                                    *These individuals may, as a result of their
                           ownership in and positions with EBS and other
                           affiliated entities, be deemed to be indirect
                           beneficial owners of the equity securities held by
                           EBS and one affiliated entity, EBS Partners, LP. The
                           filing of this statement shall not be deemed an
                           admission by Ronald L. Eubel, Mark E. Brady, Robert
                           J. Suttman, William E. Hazel or Bernard J. Holtgreive
                           that any of them beneficially own the securities for
                           which they report shared dispositive power and shared
                           voting power, regardless of whether they are acting
                           in concert or acting severally.
                  -------------------------------------------------------------
            (b)   Address of Principal Business Office, or if None, Residence:
                           7777 Washington Village Drive
                           Suite 210
                           Dayton, OH 45459
                  -------------------------------------------------------------
            (c)   Citizenship:
                        Eubel Brady & Suttman Asset Management, Inc. --
                              Delaware corporation
                        Ronald L. Eubel, Mark E. Brady, Robert J.
                        Suttman, William E. Hazel and Bernard J. Holtgreive --
                              United States citizens
                  -------------------------------------------------------------
            (d)   Title of Class of Securities:
                           Common Stock
                  -------------------------------------------------------------
            (e)   CUSIP Number:
                           G7313F106
                  -------------------------------------------------------------

Item 3.
(e)  (x)          Investment Adviser registered under Section 203 of the
                  Investment Advisers Act of 1940
If this statement is filed pursuant to Rule 13d-1(c), check this box (x)

Item 4.     Ownership.

         (a) Amount Beneficially Owned








                 Eubel Brady & Suttman Asset Management, Inc., 7,198,882 shares.
                 Messrs. Eubel, Brady, Suttman, Hazel and Holtgreive may, as a
                 result of their ownership in and positions with EBS and other
                 affiliated entities, be deemed to be indirect beneficial
                 owners of the 7,252,742 shares held by EBS and one affiliated
                 entity, EBS Partners, LP. Mr. Eubel is the beneficial owner of
                 an additional 1,160 shares.


         (b) Percent of Class


                 Eubel Brady & Suttman Asset Management, Inc.        12.67%
                 Messrs. Eubel, Brady, Suttman, Hazel and Holtgreive 12.77%


         (c) Number of Shares as to which the Person has:


                 (i) Sole power to vote or direct the vote
                          1,160 (Mr. Eubel only)
                 (ii) Shared power to vote or direct the vote
                          7,252,742 (Messrs. Eubel, Brady, Suttman, Hazel and
                          Holtgreive)
                          7,198,882 (EBS)
                 (iii) Sole power to dispose or to direct the disposition of
                          1,160 (Mr. Eubel only)
                 (iv) Shared power to dispose or to direct the disposition of
                          7,252,742 (Messrs. Eubel, Brady, Suttman, Hazel and
                          Holtgreive)
                          7,198,882 (EBS)


Item 5.     Ownership of Five Percent or Less of a Class.

            Inapplicable

Item 6.     Ownership of More Than Five Percent on Behalf of Another Person.

            Inapplicable

Item 7.     Identification and Classification of the Subsidiary Which Acquired
            the Security Being Reported on By the Parent Holding Company or
            Control Person.

            Inapplicable

Item 8.     Identification and Classification of Members of the Group.

            Inapplicable

Item 9.     Notice of Dissolution of Group.

            Inapplicable







Item 10.    Certification.

         With respect to Eubel Brady & Suttman Asset Management, Inc.:

         Certification for Rule 13d-1(b): By signing below, I certify that, to
the best of my knowledge and belief, the securities referred to above were
acquired and are held in the ordinary course of business and were not acquired
and are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in any transaction
having that purpose or effect.

         With respect to Ronald L. Eubel, Mark E. Brady, Robert J. Suttman,
William E. Hazel and Bernard J. Holtgreive:

         Certification for Rule 13d-1(c): By signing below, I certify that, to
the best of my knowledge and belief, the securities referred to above were not
acquired and are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in any transaction
having that purpose or effect.

                                   SIGNATURES

         With respect to all reporting persons: After reasonable inquiry and to
the best of my knowledge and belief, I certify that the information set forth in
this statement is true, complete and correct.


Date:  February 14, 2006


            EUBEL BRADY & SUTTMAN ASSET MANAGEMENT, INC.

Signature:  /s/ RONALD L. EUBEL
            -----------------------------------------------------------------
            By: Ronald L. Eubel
            Title: Chief Investment Officer

Signature:  /s/ RONALD L. EUBEL
            -----------------------------------------------------------------
Name/Title  Ronald L. Eubel

Signature:  /s/ MARK E. BRADY
            -----------------------------------------------------------------
Name/Title  Mark E. Brady

Signature:  /s/ ROBERT J. SUTTMAN
            -----------------------------------------------------------------
Name/Title  Robert J. Suttman

Signature:  /s/ WILLIAM E. HAZEL
            -----------------------------------------------------------------
Name/Title  William E. Hazel

Signature:  /s/ BERNARD J. HOLTGREIVE
            -----------------------------------------------------------------
Name/Title  Bernard J. Holtgreive









* Attention. Intentional misstatements or omissions of fact constitute federal
  criminal violations (see 18 U.S.C. 1001).



                                    AGREEMENT


         The undersigned agree that this Schedule 13G dated February 14, 2006
relating to the Common Stock of Quanta Capital Holdings Ltd. shall be filed on
behalf of the undersigned.


                                          /s/  EUBEL BRADY & SUTTMAN ASSET
                                                 MANAGEMENT, INC.
                                                 By:  /s/ RONALD L. EUBEL
                                                    ----------------------------
                                                 By: Ronald L. Eubel
                                                 Title: Chief Investment Officer

                                                 /s/ RONALD L. EUBEL
                                                     ---------------------------
                                                     Ronald L. Eubel

                                                 /s/ MARK E. BRADY
                                                     ---------------------------
                                                     Mark E. Brady

                                                 /s/ ROBERT J. SUTTMAN
                                                     ---------------------------
                                                     Robert J. Suttman

                                                 /s/ WILLIAM E. HAZEL
                                                     ---------------------------
                                                     William E. Hazel

                                                 /s/ BERNARD J. HOLTGREIVE
                                                     ---------------------------
                                                     Bernard J. Holtgreive