Montrose Environmental Group Acquires Spirit Environmental, Expanding Air Consulting Capabilities Across the Central United States

LITTLE ROCK, Ark. & HOUSTON--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (“Montrose” or “the Company”) (NYSE: MEG), a high-growth global environmental solutions company, today announced the acquisition of Spirit Environmental, LLC., a leading provider of air permitting and compliance services. Spirit’s senior leadership team, including Founder and CEO Brad Herrin, will join Montrose’s Consulting and Engineering division within the Company’s Assessment, Permitting and Response segment. Terms of the transaction were not disclosed.

Headquartered in Houston, Texas and focusing on the energy and petrochemical industries across the central U.S., Spirit Environmental specializes in air quality consulting services, including permitting, regulatory compliance and dispersion modeling. In addition, Spirit provides environmental consulting services, including water quality, sustainability, waste and natural resources management.

“Spirit’s culture is very consistent with ours. Their emphasis on personal relationships and their commitment to our shared environmental mission resonates meaningfully,” said Vijay Manthripragada, President and Chief Executive Officer of Montrose Environmental Group. “Brad and his talented team bring decades of experience in air permitting and consulting services, and they grow our geographic presence across the U.S. Mountain states and Gulf states. I’m thrilled to welcome them to the Montrose family.”

Spirit Environmental’s CEO Brad Herrin added: “We are excited to join Montrose, a company that shares our relentless pursuit of excellence and commitment to a people-first culture. We look forward to providing our existing clients with the same exceptional service they have come to expect and expand the service offerings we can provide given Montrose’s suite of complementary environmental solutions.”

The Dunagan Law Firm, P.C. acted as legal advisor to Spirit.

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 ~3200 employees across 100+ 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.