Montrose Acquires Environmental Standards For Undisclosed Sum

Montrose Environmental Group Inc 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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