Montrose Environmental Group
| Company type | Public |
|---|---|
| NYSE: MEG (2020–present) | |
| ISIN | US6151111019 |
| Founded | 2012 |
| Headquarters | Little Rock, Arkansas, U.S. |
Number of locations | 90 offices |
Area served | Worldwide |
Key people | Vijay Manthripragada (President & CEO) |
| Revenue | Increase Template:US$ (2023) |
| Increase US$39.7 million (2023) | |
Number of employees | 3,500 (2024) |
| Subsidiaries | See list |
| Website | montrose-env |
Montrose Environmental Group, Inc. (often referred to simply as Montrose) is a U.S.-based multinational enterprise specializing in full-spectrum environmental solutions. The company operates with a vertically integrated structure, catering to clients across both government and private sectors. Its headquarters are located in Little Rock, Arkansas, and it is legally incorporated in Delaware.
History
Established in 2012, Montrose obtained funding from Oaktree Capital Management in 2018 and subsequently launched its initial public offering on the New York Stock Exchange in July 2020.
One of Montrose’s subsidiaries, Enthalpy Analytical, has performed PFAS water testing for municipal governments such as those in Maysville and Pender County, North Carolina, aiding these entities in meeting regulatory standards. Enthalpy also played a role in studies distinguishing between tobacco-derived nicotine and synthetic nicotine products.
In 2021, Montrose transitioned its main corporate office from Irvine, California to Little Rock, Arkansas, which included the creation of 90 new positions. This relocation was endorsed by Arkansas state officials who highlighted the company’s expansion prospects within the state.
By the year 2020, ECT2, another Montrose subsidiary, had implemented its patented water purification and PFAS elimination technologies at more than 350 locations worldwide. These included municipalities like Portsmouth, New Hampshire and the Anson-Madison Sanitary District. ECT2’s solutions have treated millions of gallons of polluted water at sites such as Pease Air National Guard Base.
In June 2022, Montrose was targeted by a sophisticated ransomware incident that impacted the laboratory network of its Enthalpy Analytical division.
During 2023, representatives from Montrose contributed to a technical advisory panel responsible for developing air monitoring guidance in Colorado and took part in the U.S. EPA National Ambient Air Monitoring Conference.
Following the train derailment incident in East Palestine, Ohio in 2023, Montrose subsidiary CTEH was engaged by Norfolk Southern Railway to oversee air quality testing procedures and manage communications with affected communities. That same year, CTEH conducted air quality assessments after a significant fire at Miami-Dade County’s Waste-to-Energy Facility.
Montrose additionally assists California-based firms with compliance requirements under the California Environmental Quality Act (CEQA) and aligns its corporate sustainability initiatives with the United Nations Sustainable Development Goals.
As of 2024, Montrose provides services to more than thirteen U.S. federal agencies including the Army, Navy, EPA, FDA, and NIH. In October 2024, it secured a five-year contract valued at $249 million from the U.S. Army Corps of Engineers to deliver environmental support encompassing air and water quality management, PFAS mitigation, pollution control measures, and hazardous waste handling.
Operations
Montrose Environmental boasts a workforce exceeding 3,500 specialists distributed across more than 90 locations throughout the United States, Canada, Europe, and Australia. The company’s primary offerings include air monitoring, laboratory testing, regulatory adherence, PFAS management, permitting processes, engineering services, and environmental cleanup solutions.
Board of directors
As of 2024, Vijay Manthripragada holds the positions of president and CEO, steering Montrose’s strategic development. The board is composed of distinguished industry figures such as Richard Perlman (founder and chairman of ExamWorks Group, Inc.), co-founder James A. Price, CFO Miguel Fernandez de Castro, Dr. Robin Newmark (previous executive director at the U.S. Department of Energy’s National Renewable Energy Laboratory), Peter Graham (partner at One Better Ventures LLC), Janet Risi (CEO of Subway Independent Purchasing Cooperative), and Tom Presby (ex-COO of Deloitte). Their collective knowledge fortifies Montrose’s market standing and competitive edge.
Subsidiaries
By 2024, Montrose manages operations through more than 35 subsidiaries worldwide, broadening its service portfolio and geographic reach. Prominent subsidiaries include Advanced GeoServices Corp., AirKinetics, Inc., The Center for Toxicology and Environmental Health (CTEH), Emerging Compounds Treatment Technologies, Inc. (ECT2), Environmental Intelligence, LLC, Horizon Water and Environment, LLC, Matrix Solutions, Inc., Montrose Air Quality Services, LLC, Paragon Soil & Environmental Consulting, Inc., SensibleIoT, LLC, Spirit Environmental, LLC, TriAD Environmental Consultants, Inc., and Vista Analytical Laboratory, Inc. These entities enhance Montrose’s expertise in environmental consulting, analytical services, remediation efforts, and technological innovations—thereby reinforcing its business structure and revenue generation.
CTEH toxicology reports
In 2019, CTEH—a Montrose subsidiary—was scrutinized for purported errors in toxicology reporting connected to a chemical explosion incident in Houston, Texas. One toxicology expert described the work as "a sloppy job."
CTEH plane crash
On February 22, 2023, a Beechcraft Super King Air aircraft carrying five employees from CTEH crashed near a 3M facility; all aboard perished. The group was traveling to examine an explosion at a metal manufacturing plant located in Bedford, Ohio.
Awards
Montrose has been honored multiple times with the Occupational Excellence Achievement Award by the National Safety Council and regularly ranks within Engineering News-Record's top ten "Top Environmental Firms."