Montrose Environmental Group, Inc. completed the acquisition of Epic Environmental Pty Ltd.
February 31, 2024
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Montrose Environmental Group, Inc. (NYSE:MEG) acquired Epic Environmental Pty Ltd for $0.036 million on January 31, 2024. The consideration $0.36 million consists of $0.019 million in cash, $0.004838 million in common equity, $0.00507 million as deferred common stock and maximum contingent earnout of $0.006627 million. Senior leadership team of Epic Environmental, 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. The cash portion of these acquisition was funded through proceeds received from the revolving credit facility. TCA Partners Pty Ltd acted as the financial advisor, Davis & Co acted as the accountant and Holding Redlich acted as the legal advisor to Epic Environmental. Allens acted as the legal advisor to Montrose Environmental Group.
Montrose Environmental Group, Inc. (NYSE:MEG) completed the acquisition of Epic Environmental Pty Ltd on January 31, 2024.
Montrose Environmental Group, Inc. is an environmental solutions company focused on supporting commercial and government organizations. Its segment includes Assessment, Permitting and Response, Measurement and Analysis, and Remediation and Reuse. Assessment, Permitting and Response segment provides scientific advisory and consulting services to support environmental assessments, environmental emergency response, and environmental audits and permits for operations, facility upgrades, new projects, decommissioning projects and development projects. Measurement and Analysis segment includes source and ambient air testing and monitoring, leak detection and repair and advanced analytical laboratory services such as air, storm water, wastewater and drinking water analysis. Remediation and Reuse segment provides clients with engineering, design, and implementation services to treat contaminated water. This segment also offers regulatory services to the oil and gas, and renewables sectors.
MONTROSE ENVIRONMENTAL GROUP, INC. 
