The firm provides enterprises and government entities with a variety of environmental services. To receive automatic notification of new IPO activity, click the "+ Follow" link at the top right of the page. Since our inception in 2012, our mission has been to help clients and communities meet their environmental goals and needs. View information on the latest IPO's, expected IPO's, recent filings and IPO performance. Increasing gross profit, but variable gross margin, Growing operating losses and negative margin, Uneven cash flow from or use in operations. We "communicate our vision well" and our CEO Vijay is "the real deal". Montrose Environmental Group, Inc. (the “Company” or “Montrose”) announced today the pricing of its initial public offering of 10,000,000 shares of it Management’s presentation of the company roadshow is available here. Kevin Gill SVP HR Montrose Environmental Group prices IPO at $15 to raise $150 million. Search / Go. Investors are referred to the Company’s registration statement for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement. 4,920,052 Shares . This is a top-tier performance for all major underwriters during the period. Montrose Environmental Group General Information Description. New California Industrial Stormwater Permit Requirements – Effective July 1, 2020. About MEG. Montrose Environmental Group has gone public in an offering which went well with shares up 50% on their opening day despite a soft pricing process.The company is basically an acquisition play on the fragmented market for environmental services. Montrose Environmental has acquired 2 organizations. The firm's operating segments are Assessment, Permitting and Response, Measurement and Analysis, and Remediation and Reuse. The initial public offering price is expected to be between $15 and $17 per share. Company profile page for Montrose Environmental Group Inc including stock price, company news, press releases, executives, board members, and contact information MEG has a reasonable IPO valuation, potential for continued growth through acquisition and new organic opportunities as well as resilience to viral pandemic conditions. Filed 2020-06-30 Terms Added 2020-07-14: For IPO Boutique's "scale of 1 to 5" BUY rating on Montrose Environmental Group, Inc., and our comprehensive analysis, click "Buy Market Research. IRVINE, CA (July 14, 2020) – Montrose Environmental Group, Inc. (the “Company” or “Montrose”) announced today that it has commenced an initial public offering of 10,000,000 shares of its common stock, all of which are being offered by the Company. Selling, G&A expenses have increased as a percentage of revenues; its Selling, G&A efficiency rate has dropped as revenues have increased. NEW YORK, NY / ACCESSWIRE / November 12, 2020 / Montrose Environmental Group Inc (NYSE:MEG) will be discussing their earnings results in their … Montrose is a high-growth environmental … Montrose Environmental Group: Interesting IPO. Free cash flow during the twelve months ended March 30, 2020, was $2.0 million. (I have no position in any stocks mentioned as of the article date, no plans to initiate any positions within the next 48 hours, and no business relationship with any company whose stock is mentioned in this article. Oaktree sells Montrose stake at nearly 2x IPO price Shares in NYSE-listed environmental services provider Montrose Environmental Group closed up 6.3% at $29.58 yesterday after anchor shareholder Oaktree Capital sold down a further 15% stake via a secondary stock offering which priced at $27.25. Montrose Environmental Group, Inc. (“Montrose”) is a high-growth environmental services company with more than 50 locations and 1,200 employees in North America. Montrose Environmental Group, Inc. (NYSE: MEG) announced today the pricing of its initial public offering of 10,000,000 shares of its common stock, all of which are being offered by the Company, at a price of $15 per share (before underwriting discounts and commissions).The Company has granted the underwriters an option to purchase up to an additional 1,500,000 shares of common stock. Montrose Environmental Group (MEG) intends to raise $160 million in an IPO of its common stock, according to an S-1/A registration statement. Open. Montrose Environmental Group, Inc. (“Montrose”) is a high-growth environmental services company with more than 50 locations and 1,200 employees in North America. This press release contains forward-looking statements. Montrose Environmental Group Inc, an environmental services company, has priced its IPO of 10 million shares at a range between $15 and $17 per … The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. Montrose@icrinc.com, Copyright © 2020 Montrose Environmental Group, Inc. | Privacy Policy | Cookie Notice, By clicking “Accept” or continuing to use this site, you agree to the use of cookies, as described in our. To listen to an audio version of this report, click the Play button on the graphic below: Irvine, California-based Montrose was founded to provide environmental services through three business segments: Management is headed by president and Chief Executive Officer Mr. Vijay Manthripragada, who has been with the firm since September 2015 and was previously CEO of PetCareRx and prior to that was a Senior Vice President at Goldman Sachs. We "communicate our vision well" and our CEO Vijay is "the real deal". Montrose – which is backed by alternative investment management firm Oaktree Capital – has been rolling up companies in the environmental services sector since its inception in 2012, and last year bought ECT2, which claims to have the only patented regenerable ion exchange resin system for PFAS (per-and polyfluoroalkyl substances) remediation in drinking water systems. Today's IPO for Montrose Environmental Group (NYSE: MEG) opened for trading at $16.50 after pricing 10,000,000 shares of its common stock at $15. Management says its 'long-standing relationships with a number of Fortune 1000 companies and government entities, and many of its services were deemed 'essential' during the recent Covid19 shelter in place guidelines.Notably, the firm has acquired over 50 businesses in the last eight years, as management views the industry as still highly fragmented and it intends to continue 'selectively acquiring companies' in the industry. Montrose Environmental Group, which provides a suite of environmental impact services, raised $150 million by offering 10 million shares at $15, the low end of … SEC.report. Montrose Environmental Group Inc. company facts, information and financial ratios from MarketWatch. Below is a brief overview video of a Montrose PT Mobile Lab: The firm targets customers in the following markets: Montrose has received at least $168 million from investors including Oaktree Capital Management, CTEH Holdings, and Yukon Environmental. IPO stocks can be very volatile in the days immediately after an IPO. Industry: Industrials. PROSPECTUS . Montrose Environmental is funded by Oaktree Capital Management. The Selling, G&A efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Selling, G&A spend, dropped to 0.5x in the most recent reporting period. 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. You said working at Montrose Environmental, a company which just went public on July 23, is "the best job you've ever had". Further, many of these factors are, and may continue to be, amplified by the COVID-19 pandemic. Company begins with... Company contains... Company. The initial public offering price is expected to be between $15 and $17 per share. - Renaissance Capital The Company intends to use the net proceeds from the offering in connection with the redemption of all outstanding shares of its Series A-1 preferred stock and the remainder for general corporate purposes, including future investments in innovation and acquisitions in its highly fragmented industry. Rodny Nacier 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. IRVINE, Calif.–(BUSINESS WIRE)–Montrose Environmental Group, Inc. (the “Company” or “Montrose”) announced today the pricing of its initial public offering of 10,000,000 shares of its common stock, all of which are being offered by the Company, at a price of $15 per share (before underwriting discounts and commissions). The initial public offering price is expected to be between $15 and $17 per share. ". Montrose Environmental is registered under the ticker NYSE:MEG . Montrose Environmental Group, Inc. announced today that it has commenced an initial public offering of 10,000,000 shares of its common stock, all of which are being offered by the Company. For IPO Boutique's "scale of 1 to 5" BUY rating on Montrose Environmental Group, Inc., and our comprehensive analysis, click "Buy Market Research ". IRVINE, Calif.–(BUSINESS WIRE)–Montrose Environmental Group, Inc. (the “Company” or “Montrose”) announced today that it has commenced an initial public offering of 10,000,000 shares of its common stock, all of which are being offered by the Company. Your current browser configuration is not compatible with this site. IRVINE, Calif.-(BUSINESS WIRE)-Montrose Environmental Group, Inc. (the "Company" or "Montrose") announced today the pricing of its initial public offering … MEG’s proposed EV / Revenue multiple of 2.55x indicates to me that the IPO appears reasonably valued, especially given the firm’s likely higher revenue growth rate of nearly 20%. Montrose Environmental Group, Inc. Common Stock $ per share . You said working at Montrose Environmental, a company which just went public on July 23, is "the best job you've ever had". The offering of these securities will be made only by means of a prospectus. The initial public offering price is expected to be between $15 and $17 per share. Montrose Environmental Group Inc. annual cash flow by MarketWatch. Investment Products. Market Watch - 5 months ago. Latest Trade: $32.10 0.00 (0.0%) First Day Return: +46.7%. Montrose Environmental Group Inc is an environmental services company. Montrose Environmental Group has gone public in an offering which went well with shares up 50% on their opening day despite a soft pricing process. This was a Private Equity round raised on Oct 28, 2018. Montrose Environmental has raised 1 round. BofA Securities and William Blair are acting as joint leading book-running managers and representatives of the underwriters for the offering. Symbol. Montrose Environmental is funded by Oaktree Capital Management. Montrose Environmental Group has filed to raise $160 million in an IPO of its common stock. IRVINE, CA (July 14, 2020) – Montrose Environmental Group, Inc. (the “Company” or “Montrose”) announced today that it has commenced an initial public offering of 10,000,000 shares of its common stock, all of which are being offered by the Company. Everything you need to know about the Montrose Environmental Group IPO including Offer Price, Filed Date, IPO Date, Offer Shares, Dealsize and Underwriters. Based in California and operating in more than 65 offices throughout the US, Canada and Australia, the company provides testing, groundwater remediation, water treatment, leak detection and a variety of other environmental services. As to valuation, according to an NYU Stern School basket of publicly held Environmental & Waste firms, their average EV / Sales multiple in January 2020 was 3.08x. IRVINE, CA (July 14, 2020) – Montrose Environmental Group, Inc. (the “Company” or “Montrose”) announced today that it has commenced an initial public offering of 10,000,000 shares of its common stock, all of which are being offered by the Company. This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Oaktree sells Montrose stake at nearly 2x IPO price Shares in NYSE-listed environmental services provider Montrose Environmental Group closed up 6.3% at $29.58 yesterday after anchor shareholder Oaktree Capital sold down a further 15% stake via a … A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. 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