Montrose Environmental Group Explained

Montrose Environmental Group, Inc.
Type:Public
Traded As: (2020–present)
Hq Location:Little Rock, Arkansas, U.S.
Num Locations:90 offices
Area Served:Worldwide
Key People:Vijay Manthripragada
(President & CEO)
Num Employees:3,500 (2024)
Subsid:See list

Montrose Environmental Group, Inc. (commonly shortened to Montrose) is an American multinational corporation that provides wide-ranging environmental services. The company is vertically integrated across the environmental industry and supports public and private sector clientele. Montrose is headquartered in Little Rock, Arkansas and incorporated in the U.S. state of Delaware.[1]

History

Montrose Environmental Group was founded in 2012, received investment from Oaktree Capital Management in 2018, and began trading on the New York Stock Exchange in July 2020.[2] [3]

In 2019, Montrose subsidiary Enthalpy Analytical performed PFAS water testing for the town of Maysville in Jones County, North Carolina.[4] The company has performed similar testing for various municipalities and agencies, including Pender County, North Carolina.[5] [6] Enthalpy Analytical was also a contributor to a study titled Analysis and differentiation of tobacco-derived and synthetic nicotine products published in PLOS One.[7]

In 2021, the company moved its corporate headquarters from Irvine, California to Little Rock, Arkansas.[8] Arkansas Secretary of Commerce Mike Preston welcomed the company and wrote that "Montrose will be a great addition to the Arkansas business community" and Governor Asa Hutchinson wrote "I am confident that Montrose will find the [Arkansas] talent they need to grow and prosper for many years to come."[9] [10]

By 2020, Montrose subsidiary ECT2's water filtration and PFAS removal vessels had been deployed to more than 350 sites around the world and have supported water filtration efforts with various municipalities such as the city of Portsmouth, New Hampshire and the Anson-Madison Sanitary District.[11]

ECT2 has also deployed a patented resin system at the site of Pease Air National Guard Base which has treated tens of millions of gallons of contaminated water.[12]

In June 2022, Montrose was the victim of a "highly sophisticated" ransomware attack that impacted computers and servers within the company's Enthalpy Analytical laboratory network.[13] [14]

In 2023, Montrose representatives were selected to serve on a technical panel to support the development of new, enhanced air monitoring guidance for the State of Colorado Department of Public Health & Environment, Air Pollution Control Division.[15] The company has also been represented at the U.S. Environmental Protection Agency (EPA) National Ambient Air Monitoring Conference.[16]

In the aftermath of the 2023 East Palestine, Ohio, train derailment, railroad company Norfolk Southern hired Montrose subsidiary CTEH to address residents' concerns about health risks, design the testing protocol for the indoor air tests, run a resident hotline regarding fears of odors, fumes or health problems (working closely with the EPA), and publish an Air Sampling and Analysis Plan.[17] [18] [19] The same year, CTEH was contracted by Miami-Dade County to conduct air monitoring after a massive fire at the County Waste-to-Energy Facility.[20]

Montrose has also been contracted by the California Public Utilities Commission to help organizations and companies in the state maintain California Environmental Quality Act (CEQA) compliance.[21] The company has also adopted sustainability goals in alignment with the United Nations Sustainable Development Goals.

As of 2024, Montrose has supported over 13 U.S. federal agency clients, including the Army, Air Force, Navy, Coast Guard, Maritime Administration, EPA, Department of Veterans Affairs, Food and Drug Administration, National Park Service, National Oceanic and Atmospheric Administration, Centers for Disease Control, Bureau of Land Management, National Institutes of Health, and Fish and Wildlife Service.[22]

Operations

The company has over 3,500 employees and over 90 offices across the U.S., Canada, Europe & Australia.[23] [24] Services provided by the company include comprehensive air measurement and laboratory services, regulatory compliance, PFAS solutions, permitting, engineering, and remediation.[25]

Board of directors

The current chairman of the president and CEO of Montrose is Vijay Manthripragada.[26] [27]

, the current Montrose board members are:[28]

Subsidiaries

, Montrose has over 30 subsidiaries, including:[29] [30]

Controversies

CTEH toxicology reports

In 2019, a Grist report detailed Montrose subsidiary CTEH's alleged mishandling of toxicology reports, including work performed during a chemical explosion in Houston, Texas, that one toxicologist described as "a sloppy job."[31] [32]

Plane crash

On February 22, 2023, a Beechcraft Super King Air with five employees of CTEH crashed near a 3M plant, killing all five on board.[33] [34] The employees were en route to investigate an explosion at a metal factory in Bedford, Ohio.[35] [36]

Awards

Montrose has been awarded the Occupational Excellence Achievement Award for several years by the National Safety Council.[37] The company has also been named to the Engineering News-Record "Top Environmental Firms," ranking in the top ten.[38]

External links

Notes and References

  1. Web site: 2024 . Annual Report . Montrose Environmental Group, Inc..
  2. Web site: Brennan . Peter J. . 2020-07-26 . Montrose Environmental: Newest OC Star on Wall Street . 2024-05-22 . Orange County Business Journal . en-US.
  3. News: Oaktree Invests in Montrose Environmental Group . 2024-05-22 . WSJ . en-US.
  4. Web site: 2019-06-13 . Maysville Sets Meeting on PFAS in Water . 2024-05-22 . Coastal Review . en-US.
  5. Web site: 2024-05-08 . Pender County Utilities takes proactive approach to ensure safe drinking water amid new EPA regulations . 2024-05-22 . The Daily News . en.
  6. Web site: 2024-05-07 . Pender County reports that existing efforts sufficiently filter PFAS from water, announces new plant . 2024-05-22 . WECT News 6 . en.
  7. Cheetham AG, Plunkett S, Campbell P, Hilldrup J, Coffa BG, Gilliland S 3rd, Eckard S. Analysis and differentiation of tobacco-derived and synthetic nicotine products: Addressing an urgent regulatory issue. PLoS One. 2022 Apr 14;17(4):e0267049. doi: 10.1371/journal.pone.0267049. PMID 35421170; PMCID: PMC9009602.
  8. Web site: MEG Montrose Environmental Group Inc. Company Profile & Executives - WSJ . 2024-05-22 . www.wsj.com.
  9. Web site: 2021-08-10 . Montrose Environmental Group relocates executive offices to Arkansas . 2024-05-22 . KATV . en.
  10. Web site: Montrose Environmental Group Announces Relocation of Principal Executive Offices to North Little Rock, Adds 90 Jobs . 2024-05-22 . Default . en.
  11. Web site: Ketschke . Ross . 2023-01-11 . Maine company's technology cleaning PFAS contamination around the world . 2024-05-22 . WMTW . en.
  12. Web site: 2023-07-14 . Removing PFAS chemicals from wastewater being pioneered in Maine . 2024-05-22 . newscentermaine.com . en-US.
  13. Web site: Bannister . Adam . 2022-06-16 . Ransomware attack on Montrose Environmental Group disrupts lab testing services . 2024-05-22 . The Daily Swig Cybersecurity news and views . en.
  14. Web site: 2022-06-14 . Montrose Environmental Group Issues Statement on Ransomware Attack . 2024-05-22 . www.businesswire.com . en.
  15. Web site: State health department announces diverse technical panel to support development of new, enhanced air monitoring guidance . 2024-05-22 . Department of Public Health & Environment.
  16. Web site: 2023-12-22 . 2024 National Ambient Air Monitoring Conference . 2024-05-22 . www.epa.gov . en.
  17. News: Lerner . Sharon . 2023-03-11 . Norfolk Southern hired the firm testing air in East Palestine homes. Experts warn the checks are lacking . 2024-05-22 . The Guardian . en-GB . 0261-3077.
  18. Web site: 2023-02-19 . East Palestine toxicology test relies on controversial consulting firm accused of serving corporate interest rather than public health . 2024-05-22 . The Herald Journal . en.
  19. Web site: April 19, 2023 . Air Sampling and Analysis Plan . . CTEH.
  20. Web site: Fire at County Waste-to-Energy Facility . 2024-05-22 . www.miamidade.gov . en.
  21. Web site: 2024 . Control-Silver Peak Project Proposed by Southern California Edison . Montrose Environmental Group.
  22. Web site: USAspending.gov Report for Montrose Environmental Group, Inc. . 2024-05-22 . www.usaspending.gov . en.
  23. Web site: 2024-05-11 . News in brief: Arvest wins acclaim for retirement team Arkansas Democrat Gazette . 2024-05-22 . www.arkansasonline.com . en.
  24. Web site: MEG Stock Quote Price and Forecast . 2024-05-22 . CNN . en.
  25. Web site: About Us . 2024-05-22 . Montrose Environmental . en-US.
  26. Web site: Montrose Environmental emerges as a major EHS player . 2024-05-22 . Environment Analyst Global . en.
  27. Web site: 2024-05-07 . Montrose Environmental Group Reports Mixed Q1 2024 Results Amid Strategic Growth Initiatives . 2024-05-22 . Yahoo Finance . en-AU.
  28. Web site: Leadership – Executive Team and Board of Directors – Montrose . 2024-05-22 . Montrose Environmental . en-US.
  29. Web site: EX-21.1 Subsidiaries of the Registrant . 2024-05-22 . United States Securities and Exchange Commission.
  30. Web site: Montrose Environmental Group Acquires Paragon Soil & Environmental Consulting; Terms Not Disclosed . 2024-06-06 . markets.businessinsider.com . en.
  31. Web site: Sadasivam . Naveena . 2019-03-22 . Katrina, the BP spill, now Houston: This consulting firm keeps coming under fire . 2024-05-22 . Grist . en-us.
  32. Web site: Dayen . David . 2023-03-03 . The Checkered Past of the Contractor Monitoring the Air in East Palestine . 2024-05-22 . The American Prospect . en-us.
  33. Web site: 2023-02-23 . CTEH officials identify victims in Little Rock plane crash near Clinton National Airport . 2024-05-22 . KARK . en-US.
  34. Web site: Turbeville . Ryan . 2023-02-23 . NTSB to begin investigation into deadly Little Rock plane crash Thursday . 2024-05-22 . KARK . en-US.
  35. Web site: February 22, 2023 . Five people dead after plane crash near Little Rock 3M plant . 2023-02-24 . thv11.com . en-US.
  36. Web site: Miller . Remington . 2023-02-23 . 5 from North Little Rock firm die in plane crash Arkansas Democrat Gazette . 2024-05-22 . www.arkansasonline.com . en.
  37. Web site: 2018-03-06 . Montrose Receives Excellence Achievement Award . 2024-06-06 . Montrose Environmental . en-US.
  38. Web site: Awards and Recognitions . 2024-06-06 . Montrose Environmental . en-US.

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