Montrose Environmental Group Acquires Environmental Chemistry, Inc.
October 11 2021 - 8:30AM
Business Wire
Transaction expands Montrose’s integration of
environmental services in the gulf coast region
Montrose Environmental Group, Inc. (“Montrose”) (NYSE: MEG)
today announced the acquisition of Environmental Chemistry, Inc.
(“ECI”), a full-service environmental laboratory serving the Texas
and Louisiana gulf coast region. ECI’s leadership team, including
CEO Deanna Jean Zeck and President Nan Thorney, 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 Houston, Texas, ECI provides a full
suite of environmental laboratory analytical services to
industrial, governmental, engineering and consulting clients in the
gulf region. ECI is accredited in accordance with The NELAC
Institute (TNI) standard in the states of Texas and Louisiana and
supports companies regionally in remedial investigations,
feasibility studies, site assessments, compliance monitoring and
permit applications.
“ECI further strengthens our testing and analytical services in
the gulf coast region, adding water and soil capabilities to
Enthalpy’s current Gulf Coast air capabilities and provides
additional analytical support to our CTEH operations,” said Jose
Revuelta, Chief Strategy Officer of Montrose. “As demonstrated with
our earlier acquisition this year of Vista Analytical in
California, our expansion of environmental laboratory services
across time zones is core to our strategy and will allow us to be
even more responsive to customer needs regionally when they arise.
We are excited to have Deanna and Nan’s talented team join us in
our mission of helping protect the air we breathe, the water we
drink and the soil that feeds us.”
Deanna Jean Zeck and Nan Thorney, CEO and President of ECI,
respectively, stated, “We are pleased to partner with Montrose on
expanding our strength in lab testing across a larger platform.
Together we will continue to provide clients high quality, timely
laboratory data. Montrose is a perfect cultural fit for us, as the
team understands the driving motivations of founder-led companies
like ours and has shown a demonstrable commitment to investing and
expanding its laboratory capabilities. We’re excited to build upon
Montrose’s success and eager to begin collaborating with our new
colleagues.”
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/20211011005100/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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