LITTLE
ROCK, Ark. and DENVER, Sept. 10,
2024 /PRNewswire/ -- Montrose Environmental Group,
Inc. ("Montrose" or "the Company")
(NYSE: MEG), a high-growth global environmental solutions company,
today announced the acquisition of Origins Laboratory, LLC
("Origins"), a leading environmental laboratory. Origins, including
owners Noelle and David Mathis, will
be integrated into the Company's Measurement and Analysis Segment
and operate as part of Enthalpy Analytical, LLC ("Enthalpy"), a
subsidiary of Montrose. Terms of
the transaction were not disclosed.
Founded in Denver, Colorado in
2006, Origins is a NELAP-certified environmental testing laboratory
that specializes in measuring the contamination of water, soil and
air for oil and gas clients in the Rocky Mountain region. In
addition to servicing the traditional measurement needs of their
clients, Origins also offers advanced services for emerging market
demands, such as specialized air analysis for volatile organic
compounds (VOCs) and measurement of per- and polyfluoroalkyl
substances (PFAS).
Origins is an established leader, providing accurate, reliable
analytical results with quick turnaround times that include the
capability for same-day results. Origins' ability to provide rapid
results allows clients to achieve significant cost savings by
facilitating faster remediation efforts, reducing time on site, and
improving overall project efficiency.
The acquisition of Origins empowers Montrose to provide laboratory services in
conjunction with other environmental solutions already offered to
clients in the region, resulting in an integrated, differentiated
solution suite to address clients' current and changing needs as
regulations continue to evolve.
"Origins represents strategic growth within our laboratory
services business line, further expanding our presence and existing
service offerings in the Rocky Mountain states to meet growing
customer needs in this important region," said Vijay Manthripragada, President and Chief
Executive Officer of Montrose Environmental Group. "Origins shares
our commitment to responsive, client-focused service, supported by
timely and defensible analytical data. We extend our warmest
welcome to David, Noelle and the entire Origins team."
Origins Laboratory's President, Noelle
Doyle Mathis added: "We are delighted to join Montrose, an organization that is focused on
innovation, technical excellence and continued growth. Together we
will continue to provide our clients with the exceptional service
they have come to know, while expanding service offerings through
the network of Enthalpy labs and suite of additional Montrose services."
Aurum Capital Connect acted as lead financial advisor to Origins
Laboratory. Steptoe & Johnson PLLC acted as legal advisor to
Origins Laboratory.
About Montrose
Montrose is a leading
environmental solutions company focused on supporting commercial
and government organizations as they deal with the challenges of
today, and prepare for what's coming tomorrow. With ~3,400
employees across 100+ locations worldwide, Montrose combines deep local knowledge with an
integrated approach to design, engineering, and operations,
enabling Montrose 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.
Forward‐Looking Statements
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. 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, including its Annual Report on Form 10-K for
the year ended December 31, 2023, for
additional information regarding the risks and uncertainties that
may cause actual results to differ materially from those expressed
in any forward-looking statement.
Contacts
Montrose
Investor Relations:
Adrianne Griffin
(949) 988-3383
ir@montrose-env.com
Media Relations:
Sarah Kaiser
(225) 955-1702
pr@montrose-env.com
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SOURCE Montrose Environmental Group, Inc.