Montrose Environmental Group Acquires Vista Analytical Laboratory
June 17 2021 - 9:15AM
Business Wire
Transaction expands Montrose’s leadership in
the testing and ultra-trace analysis of PFAS, dioxins and other
persistent organic pollutants
Montrose Environmental Group, Inc. (the “Company” or “Montrose”)
(NYSE: MEG) today announced the acquisition of Vista Analytical
Laboratory (“Vista”), a premier environmental laboratory for the
testing and analysis of polyfluoroalkyl substances (PFAS), dioxins
and other persistent organic pollutants. Vista’s leadership team,
including President Martha Maier, will join Montrose, and the
business will be integrated into the Company’s Measurement and
Analysis Segment and will operate as part of Enthalpy Analytical,
LLC, a subsidiary of Montrose. Terms of the transaction were not
disclosed.
Founded in 1990 and based in El Dorado Hills, California, Vista
performs work internationally and across all U.S. states. Vista
holds 21 state accreditations and is certified by the California
Environmental Laboratory Accreditation Program to perform PFAS
analysis for all 31 PFAS compounds currently being monitored in
California. Vista’s client base is broad and includes many private
companies, state and federal agencies, and the federal government,
including the Department of Defense.
“We are excited to have Vista join Montrose. Martha and her team
are a great cultural fit with Montrose and their services are
strategically additive to our Enthalpy network. Vista strengthens
our ability to provide clients with an end-to-end environmental
solution, from advisory services and testing to engineering and
remediation, particularly given our clients’ focus on PFAS,” said
Vijay Manthripragada, Chief Executive Officer of Montrose
Environmental Group. “Within the environmental lab community, Vista
is highly regarded for its technical data quality, operational
excellence and customer service. We are thrilled to welcome the
talented Vista team to our growing Montrose community.”
Vista Analytical Laboratory President Martha Maier commented,
“We have worked extensively with Montrose over many years and the
company is not only a perfect cultural fit but also the next
natural step for Vista in expanding our strength in lab testing
across a larger platform with more clients and an increased
geographic footprint. Together we will continue to innovate and
provide clients with the highest quality technical data. It is
critical to be able to regularly invest in equipment and
facilities, which is easier to do when part of a larger,
well-capitalized company like Montrose. We are pleased to be
joining with a growth focused environmental services company with a
culture like our own that is committed to excellence, professional
growth and expanded opportunities.”
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.
About Vista Analytical Laboratory
Vista Analytical is a premier environmental laboratory for the
determination of dioxins and furans, PCBs, PFAS, PAHs, PBDEs, PCNs
and other semi-volatile organic contaminants. Using the powerful
techniques of High Resolution Gas Chromatography Mass Spectrometry
(HRGC/HRMS) and Liquid Chromatography Tandem Mass Spectrometry
(LC-MS/MS) along with USEPA, CARB, and other proprietary
methodologies, Vista accurately analyzes a variety of matrices for
clients the world over. The company’s combination of unsurpassed
technical quality and outstanding customer service distinguishes
Vista Analytical Laboratory. For more information, visit
www.vista-analytical.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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210617005549/en/
Investor Relations: Rodny Nacier (949) 988-3383
ir@montrose-env.com
Media Relations: Doug Donsky (646) 677-1844
Montrose@icrinc.com
Montrose Environmental (NYSE:MEG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Montrose Environmental (NYSE:MEG)
Historical Stock Chart
From Apr 2023 to Apr 2024