Montrose Environmental Group Acquires Environmental Intelligence, LLC
July 06 2021 - 9:00AM
Business Wire
Transaction expands Montrose’s biological
consulting services, including fire mitigation and support of
renewable energy projects in the Southwestern U.S.
Montrose Environmental Group, Inc. (the “Company” or “Montrose”)
(NYSE: MEG) today announced the acquisition of Environmental
Intelligence, LLC (“EI”), an environmental consulting company
recognized for its innovative work in wildfire mitigation,
biological assessments, construction monitoring and regulatory
compliance services. EI provides comprehensive environmental
services in support of major capital improvement projects,
including residential, oil & gas, utility, and renewable energy
projects throughout California. EI’s leadership team, including
Founder and Principal David Levine, will join Montrose, and the
business will be integrated into the Company’s Assessment,
Permitting and Response segment. Terms of the transaction were not
disclosed.
Founded in 1994 and based in Laguna Beach, California, EI’s team
of biologists, wetland scientists, archeologists and GIS
specialists provide comprehensive natural resource consulting and
regulatory compliance services and comprehensive environmental
management programs for large-scale projects. EI’s environmental
expertise includes wetlands and water compliance, restoration and
revegetation services, and permitting under the Clean Water Act and
federal and state Endangered Species Acts. Since 2014, EI has
managed day-to-day environmental operations related to Southern
California Edison’s Hazardous Tree Removal Project to maximize tree
removals and brush clearing while avoiding impacts to sensitive
biological and cultural resources within the utility’s transmission
corridors located within and adjacent to the Angeles, Inyo, Los
Padres, San Bernardino, Sequoia, and Sierra National Forests.
“David and his team have an exceptional reputation in natural
resource consulting, which will help to expand our EcoServices
capabilities as well as strengthen our renewables energy services
in the southwestern United States,” said Josh LeMaire, Chief
Operating Officer of Montrose. “We see a unique opportunity in
pairing EI’s pioneering work in wildfire mitigation and geospatial
innovations with Montrose’s disaster response services, to offer
clients a comprehensive environmental services solution for crisis
preparedness and compliance. The addition of EI to the Montrose
platform will also strengthen our exposure to renewable energy
projects throughout Southern California. We are thrilled to welcome
David’s talented team to our growing Montrose community.”
EI Founder and Principal David Levine commented, “We are excited
to join a well-capitalized, growth focused company such as Montrose
that is committed to environmental stewardship and technological
innovations while supporting clients in their most challenging
projects. Montrose is an excellent cultural fit, and our employees
will be able to apply their experience and talents to an increasing
number of new clients. We’re excited to take things to the next
level.”
About Montrose
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 2000 employees across over 70 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.
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. 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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version on businesswire.com: https://www.businesswire.com/news/home/20210706005207/en/
Montrose
Investor Relations: Rodny Nacier (949) 988-3383
ir@montrose-env.com
Media Relations: Doug Donsky (646) 677-1844
Montrose@icrinc.com
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