Montrose Environmental Group Acquires Environmental Consultancy Specializing in Regulatory Services in Rocky Mountain Region
February 29 2024 - 5:59AM
Business Wire
Montrose Environmental Group, Inc. (“Montrose” or “the Company”)
(NYSE: MEG), a high-growth global environmental solutions company,
today announced the acquisition of Two Dot Consulting, LLC, a
leading environmental consultancy specializing in regulatory
services to the oil and gas, and renewables sectors in the Rocky
Mountain and adjacent regions. Two Dot’s senior leadership team,
including founder and CEO Todd Spivey, 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.
Two Dot Consulting is a consulting firm providing environmental
services vital to meeting regulatory and planning requirements for
the renewable energy, and oil and gas sectors. The team consists of
wildlife biologists, wetland scientists, botanists, ornithologists,
and environmental health and safety specialists, primarily serving
U.S. energy producers and infrastructure developers in the
renewables (solar, wind, hydrogen), and oil and gas (upstream and
downstream) sectors. Headquartered in Arvada, Colorado with offices
in Wyoming, Two Dot Consulting’s work spans the Rocky Mountain
states and adjacent regions, including Nebraska, Nevada, Texas and
New Mexico.
“Todd and his team bring a complementary suite of environmental
solutions, from regulatory compliance and natural resource
management to permitting and stakeholder relations,” said Vijay
Manthripragada, President and Chief Executive Officer of Montrose
Environmental Group. “Their extensive expertise in the
environmental sector, particularly in navigating complex
regulations in oil and gas, renewable energy and energy
development, will enhance our service to clients in this region.
Their culture and mission are also closely aligned with ours. We
are excited to welcome the entire Two Dot team to Montrose.”
Two Dot Consulting’s Founder and CEO Todd Spivey added: “Our
deep respect for the environment and the clients we serve have led
to our strong and consistent growth. We live and work in Colorado
and Wyoming and share passion for protecting the very resources we
manage. That is why companies partner with us to navigate their
complex regulatory challenges. Our team’s extensive training and
diverse knowledge allow us to stay ahead of the ever-growing
regional needs. We are thrilled to have a partner in Montrose that
is equally passionate and committed to improving the environment,
and are eager to begin working with our new colleagues.”
FMI Capital Advisors acted as lead financial advisor to Two Dot
Consulting. Holland & Hart LLP acted as legal advisor to Two
Dot Consulting.
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 ~3100 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, 2023, 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/20240229049914/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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