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Transaction expands Montrose’s integration of chemistry services nationwide
LITTLE ROCK, Ark. & VALLEY FORGE, Pa., February 07, 2022--(BUSINESS WIRE)--Montrose Environmental Group, Inc. ("Montrose") (NYSE: MEG) today announced the acquisition of Environmental Standards, Inc. Environmental Standards’ leadership team, including founder and Chief Executive Officer Rock Vitale, CEAC, will join Montrose’s Assessment, Permitting & Response segment. Terms of the transaction were not disclosed.
Founded in 1987 in Valley Forge, Pa., Environmental Standards is an internationally recognized environmental consulting firm providing services in the oil & gas, utilities/energy, chemical, industrial/manufacturing, coal/mining, real estate, legal, financial, insurance, non-regulatory government, and landfill markets. With a presence today in eleven states, the company specializes in environmental chemistry, consulting geosciences, environmental data management, emergency response quality assurance oversight, and auditing/health and safety support.
"The addition of Environmental Standards allows Montrose to further strengthen our chemistry and auditing services, adding technical depth, new capabilities and strong talent complementary to our current operations in the East Coast," said Joshua LeMaire, Chief Operating Officer of Montrose. "The industry and its peers recognize Environmental Standards as one of the country’s top environmental consulting firms and we are excited to welcome Rock and the entire Environmental Standards team to our growing Montrose family."
Environmental Standards’ Chief Executive Officer Rock Vitale added: "We are thrilled to join such a well-respected and fast-growing environmental consulting firm. Montrose’s expansive scientific and analytical capabilities, complementary services and global footprint will allow us to deepen our existing client relationships and create new ones within the core industries we serve. We are excited to join Montrose and begin collaborating with our new colleagues on tackling larger and ever-more challenging client engagements."
Montrose is a leading environmental services company focused on supporting commercial and government organizations as they deal with the challenges of today, and prepare for what’s coming tomorrow. With more than 2500 employees across over 75 locations around the world, Montrose combines deep local knowledge with an integrated approach to design, engineering, and operations, enabling the Company to respond effectively and efficiently to the unique requirements of each project. From comprehensive air measurement and laboratory services to regulatory compliance, emergency response, permitting, engineering, and remediation, Montrose delivers innovative and practical solutions that keep its clients on top of their immediate needs – and well ahead of the strategic curve. For more information, visit www.montrose-env.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by the use of words such as "intend," "expect", and "may", and other similar expressions that predict or indicate future events or that are not statements of historical matters. Forward-looking statements are based on current information available at the time the statements are made and on management’s reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company’s control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. Further, many of these factors are, and may continue to be, amplified by the COVID-19 pandemic. Additional factors or events that could cause actual results to differ may also emerge from time to time, and it is not possible for the Company to predict all of them. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law. Investors are referred to the Company’s filings with the Securities and Exchange Commission for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement.
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