Montrose Environmental Group, which provides environmental assessment, management, and remediation services, filed on Tuesday with the SEC to raise up to $160 million in an initial public offering.
The company provides a diverse range of environmental services to private and public sector clients across the life cycle of their needs. It services complex, recurring, and often non-discretionary environmental needs of its clients across three business segments: Assessment, Permitting and Response, Measurement and Analysis, and Remediation and Reuse.
The Irvine, CA-based company was founded in 2012 and booked $244 million in revenue for the 12 months ended March 31, 2020. It plans to list on the NYSE under the symbol MEG. BofA Securities, William Blair, BNP Paribas, Capital One Securities, and Stifel are the joint bookrunners on the deal. No pricing terms were disclosed.
