Montrose Environmental Group Acquires Horizon Water and Environment, LLC
November 04 2021 - 9:00AM
Business Wire
Transaction expands Montrose’s growing water
resource and ecosystem offering on the West Coast
Montrose Environmental Group, Inc. (“Montrose”) (NYSE: MEG)
today announced the acquisition of Horizon Water and Environment,
LLC (“Horizon”), an environmental consulting firm specializing in
planning, watershed science, and environmental compliance for water
and natural resource projects in California. Horizon’s leadership
team, including founder and Managing Principal Kenneth Schwarz,
Ph.D. will join Montrose’s Planning & Ecosystem Consulting
segment. Terms of the transaction were not disclosed.
Founded in 2008 and based in Oakland, California, Horizon
performs various environmental consulting services for state and
local government organizations and are experts in CEQA/NEPA,
environmental laws, regulatory requirements, and permitting. The
addition of Horizon expands Montrose’s water resource knowledge and
growing ecosystem offering in California, marking the company’s
fourth acquisition this year in the state.
“Horizon is core to supporting Montrose’s consulting presence
and expansion on the West Coast and deepens our water resource
knowledge and relationships with municipal and state agencies,”
said Jose Revuelta, Chief Strategy Officer of Montrose. “Horizon
has strong talent that is very additive and complementary to our
current consulting business and will allows us to expand our
ecosystem service capabilities in California. We are excited to
have Ken and the talented team join us in our mission.”
Kenneth Schwarz, Ph.D. founder and Managing Principal of
Horizon, stated, “We are excited to partner with Montrose. In
Montrose we see a firm with excellent technical capabilities and a
commitment to the highest quality in products and services. We
share this mission and will continue to provide high quality
environmental consulting services to our clients. Montrose is also
an excellent fit for us culturally as they share a commitment to
using science and the best available information to wisely manage
natural resources and protect the environment. We’re excited to
join Montrose and to begin working 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/20211104005039/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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