Provides a suite of environmental impact services. Montrose Environmental has acquired 2 organizations. Major competitive or other industry participants include: Management says its primary competitors are divisions of large companies and that few of its competitors provide the full range of solutions that it offers. Montrose Environmental Group (MEG) intends to raise $160 million in an IPO of its common stock, according to an S-1/A registration statement. Montrose Environmental Group, Inc. (the “Company” or “Montrose”) announced today the pricing of its initial public offering of 10,000,000 shares of it This press release contains forward-looking statements. Montrose’s recent financial results can be summarized as follows: Below are relevant financial results derived from the firm’s registration statement: As of March 30, 2020, Montrose had $1.5 million in cash and $257.5 million in total liabilities. 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). Montrose is an environmental services company that supports government and commercial organizations with a range of services, from air measurement and laboratory services to regulatory compliance, permitting, engineering, and remediation. Montrose Environmental is funded by Oaktree Capital Management. 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. Since our inception in 2012, our mission has been to help clients and communities meet their environmental goals and needs. Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums), is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. This is a top-tier performance for all major underwriters during the period. Investment Products. Montrose Environmental Group General Information Description. Montrose Environmental Group (MEG) intends to raise $160 million in an IPO of its common stock, according to an S-1/A registration statement. The initial public offering price is expected to be between $15 and $17 per share. Their stock opened with $15.00 in its Jul 22, 2020 IPO. Montrose Environmental Group: Interesting IPO. MEG has a reasonable IPO valuation, potential for continued growth through acquisition and new organic opportunities as well as resilience to viral pandemic conditions. Company profile page for Montrose Environmental Group Inc including stock price, company news, press releases, executives, board members, and contact information Kevin Gill SVP HR Montrose is a high-growth environmental solutions company that supports government and commercial organizations. The selling stockholders identified in this prospectus are offering 4,920,052 shares of our common stock. Form S-1 Montrose Environmental Group, Inc. General form for registration of securities under the Securities Act of 1933. Montrose Environmental Group prices IPO at $15 to raise $150 million. The SCOOP ratings should not be taken as investment advice. Real-time information on initial public offerings (IPO's) by MarketWatch. Montrose Environmental Group: Interesting IPO. Montrose Environmental Group: Interesting IPO (NYSE:MEG) by admin July 25, 2020. Everything you need to know about the Montrose Environmental Group IPO including Offer Price, Filed Date, IPO Date, Offer Shares, Dealsize and Underwriters. 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. Market Watch - 5 months ago. ". 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. Price Range. Montrose is a high-growth environmental … Management’s presentation of the company roadshow is available here. Montrose Environmental Group: Interesting IPO. Read More. The initial public offering price is expected to be between $15 and $17 per share. Montrose Environmental Group Inc. priced its initial public offering at $15 a share, the low end of its range, selling 10 million shares to raise $150 million. Issue Price. 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. Montrose Environmental Group, Inc. is an environmental services provider offering measurement and analytical services as well as environmental resiliency and sustainability solutions to clients across a wide array of sectors. 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. 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. Montrose Environmental Group has filed with the SEC for an upcoming IPO on the NYSE, with plans to raise some $160 million. To receive automatic notification of new IPO activity, click the "+ Follow" link at the top right of the page. Montrose is a high-growth environmental … 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. Montrose Environmental Group Inc. company facts, information and financial ratios from MarketWatch. 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. 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). (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. About Montrose Environmental Group, Inc. (adapted from Montrose Environmental Group, Inc. prospectus): - Renaissance Capital. The initial public offering price is expected to be between $15 and $17 per share. BofA Securities is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 46.0% since their IPO. These securities may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective. Information provided is for educational purposes only, may be in error, incomplete or out of date, and does not constitute financial, legal, or investment advice.). 4,920,052 Shares . 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 … Montrose Environmental is registered under the ticker NYSE: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. Montrose Environmental Group, Inc. Common Stock $ per share . 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). Montrose Environmental Group Announces Timing of Third Quarter 2020 Earnings Release and Conference Call ... IPO Date; 07/23/2020; Investment Bank; Bofa Securities Inc % Mgmt Owns; 21.3%; PE Ratio; 0; Dividend Yield; 0; Alpha; N/A; Beta; N/A; Company Fundamentals. Montrose intends to raise $160 million in gross proceeds from an IPO of ten million shares of its common stock at a midpoint price of $16.00 per share. "We initiated a position in Montrose Environmental Group, Inc. during the quarter upon the company’s IPO. 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). Shares. Montrose Environmental Group Inc. annual cash flow by MarketWatch. 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