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Benzinga
Benzinga
Business
Akanksha Bakshi

Montrose Acquires Environmental Standards For Undisclosed Sum

Montrose (Organization) MEG (Organization) NYSE
  • Montrose Environmental Group Inc (NYSE:MEG) has acquired environmental consulting firm Environmental Standards, Inc. for undisclosed financial terms.
  • The transaction expands Montrose's integration of chemistry services nationwide.
  • Environmental Standards has a presence in eleven states and specializes in environmental chemistry, consulting geosciences, environmental data management, emergency response quality assurance oversight, and auditing/health and safety support.
  • Environmental Standards' leadership team, including founder and CEO Rock Vitale, will join Montrose's Assessment, Permitting & Response segment.
  • Montrose held cash and equivalents of $16.01 million as of September 30, 2021.
  • Price Action: MEG shares traded higher by 6.39% at $45.60 on the last check Monday.
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