Montrose Environmental Group Acquires Epic Environmental, Expanding Consultative and Engineering Services in Australia
01 Februar 2024 - 10:00PM
Business Wire
Montrose Environmental Group, Inc. (“Montrose” or “the Company”)
(NYSE: MEG), a high-growth global environmental services company,
today announced the acquisition of Epic Environmental Pty Ltd, a
leading environmental consultancy in Australia. Epic
Environmental’s senior leadership team, including founders Mark
Breitfuss and Brad May, will join Montrose’s Consulting and
Engineering division, which reports into the Company’s Remediation
and Reuse segment. Terms of the transaction were not disclosed.
Headquartered in Brisbane, with offices in Sydney, Mudgee,
Adelaide and Darwin, Epic Environmental is an environmental science
and engineering consultancy, serving clients across Australia. The
consultancy’s team includes engineers, scientists, geologists,
planners, and ecologists, and provides a comprehensive range of
services including environmental planning, contaminated land
management, waste management and remediation, environmental audits
and compliance audits. Working across diverse industries and
sectors, Epic Environmental’s clients today include many of
Australia’s top industrial, resources and energy services
companies.
“We are excited to have Mark, Brad and the talented Epic team
join us. Epic will both accelerate our growth in Australia and
significantly expand our capabilities, relationships and services
in market,” said Vijay Mathripragada, President and Chief Executive
Officer of Montrose Environmental Group. “We started in Australia
in 2019 with a focus on removing PFAS and other contaminants from
water with our unique ECT2 technologies. With Epic, we are creating
a more comprehensive environmental solutions platform in Australia
which we believe will be very additive to both organizations. We
look forward to collaborating with our new colleagues in solving
our shared environmental challenges, and we warmly welcome them to
our global Montrose family.”
Mark Breitfuss and Brad May of Epic Environmental commented:
“Montrose’s culture and commitment to solving environmental
challenges aligns with the culture and mission we founded Epic
Environmental on nearly a decade ago. We are thrilled that together
we will be able to provide clients with more expansive
environmental solutions, leveraging a deeper reservoir of talent
and expertise, as well as learnings from across the world. Today’s
milestone would not have been possible without the unwavering
commitment and support of all our colleagues here at Epic, and we
want to thank them for their faith in our business and being part
of our journey, which promises to be even more exciting and create
more opportunities for us all.”
TCA Partners acted as lead financial advisor to Epic
Environmental. Davis & Co acted as accounting advisor to Epic
Environmental. Holding Redlich acted as legal advisor to Epic
Environmental. Allens acted as legal advisor to Montrose
Environmental Group.
About Montrose
Montrose is a leading environmental solutions company focused on
supporting commercial and government organizations as they deal
with the challenges of today, and prepare for what’s coming
tomorrow. With over 3500 employees across 90+ locations worldwide,
Montrose combines deep local knowledge with an integrated approach
to design, engineering, and operations, enabling Montrose 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. 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, including its Annual Report on Form 10-K for
the year ended December 31, 2022, 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/20240201903561/en/
Montrose Investor Relations: Rodny Nacier (949) 988-3383
ir@montrose-env.com
Media Relations: Sarah Kaiser (225) 955-1702
pr@montrose-env.com
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