MEG - Montrose Environmental Group acquires Environmental Chemistry

Montrose Environmental Group (NYSE:MEG) acquires Environmental Chemistry, a full-service environmental laboratory serving the Texas and Louisiana gulf coast region. ECI’s leadership team, including CEO Deanna Jean Zeck and President Nan Thorney, will join Montrose, and the business will be integrated into the company’s measurement and analysis segment. It will operate as part of Enthalpy Analytical, a subsidiary of teh company. Transaction terms not yet disclosed. “ECI further strengthens our testing and analytical services in the gulf coast region, adding water and soil capabilities to Enthalpy’s current Gulf Coast air capabilities and provides additional analytical support to our CTEH operations,” said Jose Revuelta, Chief Strategy Officer. The company has a market cap of ~$1.8B and has gained about 98% on a YTD basis.

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Montrose Environmental Group acquires Environmental Chemistry