Montrose Environmental has raised 1 round. IPO stocks can be very volatile in the days immediately after an IPO. 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. Rodny Nacier 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 Inc. company facts, information and financial ratios from MarketWatch. 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. Shares. A high growth rate is expected to occur in the Remediation and Industrial Services and Consulting & Engineering Services sub markets, and a lower growth rate in the Wastewater Treatment Services and Analytical Services markets, as shown in the chart below: Also, with the advent of the recent Covid19 pandemic, there will be an increased focus on air quality and management expects 'the WHO's guidelines coupled with increasing pollution to catalyze local air quality regulations and therefore, demand for environmental services, particularly air quality services.'. 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). While the ”core” businesses do not look very profitable, the company still shows resilient growth. A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. 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. 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. (“Montrose”) is a high-growth environmental services company with more than 50 locations and 1,200 employees in North America. The company is basically an acquisition play on the fragmented market for environmental services. 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. (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). (949) 988-3383 Montrose Environmental Group: Interesting IPO. 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. Management says it will use the net proceeds from the IPO as follows: We intend to use $139.3 million of the net proceeds from this offering in connection with the redemption of all outstanding shares of our Series A-1 preferred stock and the remainder for general corporate purposes, including future investments in innovation and acquisitions in our highly fragmented industry. ". We "communicate our vision well" and our CEO Vijay is "the real deal". Montrose Environmental Group: Interesting IPO. For IPO Boutique's "scale of 1 to 5" BUY rating on Montrose Environmental Group, Inc., and our comprehensive analysis, click "Buy Market Research ". After IPO, the firm’s enterprise value will approximate $622.9 million and its share float will be around 49%. 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. This is a top-tier performance for all major underwriters during the period. Montrose Environmental Group prices IPO at $15 to raise $150 million. 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. (646) 361-1427 Expected IPO Pricing Date: To be announced. The selling stockholders identified in this prospectus are offering 4,920,052 shares of our common stock. “We initiated a position in Montrose Environmental Group, Inc. during the quarter upon the company’s IPO. Montrose Environmental Group (MEG) has gone public in an offering which went well with shares up 50% on their opening day despite a soft pricing process. Trade Date . Montrose Environmental Group Inc, an environmental services company, has priced its IPO of 10 million shares at a range between $15 and $17 per … 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 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. 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%. (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. Montrose Environmental Group, which provides environmental assessment, management, and remediation services, filed on Tuesday with the SEC to raise up to $160 million in an initial public offering. 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. The firm's operating segments are Assessment, Permitting and Response, Measurement and Analysis, and Remediation and Reuse. Kevin Gill SVP HR Montrose is seeking public market capital for its ongoing operations as well as to likely fund additional acquisitions, as the firm has been very acquisitive due to industry fragmentation. MEG has a reasonable IPO valuation, potential for continued growth through acquisition and new organic opportunities as well as resilience to viral pandemic conditions. 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, Inc. IPO Advisory Share this IPO Profile: Smart Search. 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. The firm provides enterprises and government entities with a variety of environmental services. Montrose Environmental Group Priced, NYSE: MEG. Montrose Environmental Group: Interesting IPO (NYSE:MEG) by admin July 25, 2020. - Renaissance Capital. 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 is funded by Oaktree Capital Management. I don't know what to say by thank you for recognizing this and sharing. Real-time information on initial public offerings (IPO's) by MarketWatch. Open. The firm’s financials indicate a slight softening in revenue growth and increasing operating losses. Montrose Environmental Group has filed with the SEC for an upcoming IPO on the NYSE, with plans to raise some $160 million. The Company expects to grant the underwriters an option to purchase up to an additional 1,500,000 shares of common stock. Industry: Industrials. Montrose Environmental Group, Inc. Nasym Afsari: Nasym Afsari: General Counsel and Assistant Secretary: 2015-06-09: Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number. The company obtains customers through a direct sales force team and the firm has more than 4,500 clients producing revenue growth of an average of 17% per year since 2016, inclusive of its recent acquisition of consulting firm CTEH. 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. This was a Private Equity round raised on Oct 28, 2018. IPO Investing. Montrose Environmental is funded by Oaktree Capital Management. Search / Go. Their stock opened with $15.00 in its Jul 22, 2020 IPO. Since our inception in 2012, our mission has been to help clients and communities meet their environmental goals and needs. 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. This was a Private Equity round raised on Oct 28, 2018. Montrose Environmental Group, which provides environmental assessment, management, and remediation services, filed on Tuesday with the SEC to raise up to $160 million in an initial public offering. Companies; Documents; Forms; Alerts; Stock Ticker Lookup. NEW YORK, NY / ACCESSWIRE / November 12, 2020 / Montrose Environmental Group Inc (NYSE:MEG) will be discussing their earnings results in their … Montrose Environmental Group Inc, an environmental services company, has priced its IPO of 10 million shares at a range between $15 and $17 per … 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. View information on the latest IPO's, expected IPO's, recent filings and IPO performance. 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. About MEG. Return from IPO: +114.0%. montrose environmental ipo prospectus In April 2020, the Company entered into a new $225 million credit facility, comprised of a $175 million term loan and a $50 million revolving credit facility, and used a portion of the proceeds to repay all amounts outstanding under the prior senior secured credit facility. Montrose Environmental Group, Inc. (the “Company” or “Montrose”) announced today the pricing of its initial public offering of 10,000,000 shares of it Market Watch - 5 months ago. Montrose Environmental Group, Inc. (“Montrose”) is a high-growth environmental services company with more than 50 locations and 1,200 employees in North America. Provides a suite of environmental impact services. Montrose Environmental Group, Inc. Common Stock $ per share . Montrose Environmental Group has filed with the SEC for an upcoming IPO on the NYSE, with plans to raise some $160 million. Management’s presentation of the company roadshow is available here. Montrose Environmental has acquired 2 organizations. The offering of these securities will be made only by means of a prospectus. Their stock opened with $15.00 in its Jul 22, 2020 IPO. According to a 2019 market research report by Environmental Business International, the global market for environmental services is estimated to have a value of $1.25 trillion. 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. You said working at Montrose Environmental, a company which just went public on July 23, is "the best job you've ever had". The initial public offering price is expected to be between $15 and $17 per share. The … - Renaissance Capital Further, many of these factors are, and may continue to be, amplified by the COVID-19 pandemic. About Montrose Environmental Group, Inc. (adapted from Montrose Environmental Group, Inc. prospectus): Price Range. Montrose Environmental is registered under the ticker NYSE:MEG . Montrose Environmental Group Inc. annual cash flow by MarketWatch. The firm provides a range of environmental remediation and management services to industry. Montrose Environmental Group Announces Pricing of Initial Public Offering at $15 Per Share Business Wire IRVINE, Calif. -- July 22, 2020 Montrose Environmental Group, Inc. … BNP PARIBAS, Capital One Securities and Stifel are acting as joint book-running managers, and Needham & Company is acting as co-manager for the offering. Montrose Environmental Group Inc is an environmental services company. Symbol. 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. 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.). 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. Copies of the preliminary prospectus relating to the offering can be obtained from: BofA Securities, NC1-004-03-43; 200 North College Street, 3rd Floor, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department or by email at dg.prospectus_requests@bofa.com; or William Blair & Company, L.L.C., Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, Illinois, 60606, by phone at +1(800) 621-0687, or by email at prospectus@williamblair.com. "We initiated a position in Montrose Environmental Group, Inc. during the quarter upon the company’s IPO. The SCOOP ratings should not be taken as investment advice. 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 has the "best Exec Team" for which you've ever worked. Montrose Environmental Group has filed to raise $160 million in an IPO of its common stock. I don't know what to say by thank you for recognizing this and sharing. While the ”core” businesses do not look very profitable, the company still shows resilient growth. PFAS remediation features heavily in the prospectus filed this week by environmental services provider Montrose Environmental ahead of a $160 million IPO on the New York Stock Exchange. 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 initial public offering price is expected to be between $15 and $17 per share. Free cash flow during the twelve months ended March 30, 2020, was $2.0 million. New California Industrial Stormwater Permit Requirements – Effective July 1, 2020. Montrose Environmental Group, which provides environmental assessment, management, and remediation services, announced terms for its IPO … We "communicate our vision well" and our CEO Vijay is "the real deal". Increasing gross profit, but variable gross margin, Growing operating losses and negative margin, Uneven cash flow from or use in operations. The initial public offering price is expected to be between $15 and $17 per share. 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. Montrose Environmental Group (MEG) expects to raise $160 million in an initial public offering (IPO) on Wednesday, July 22nd, IPO Scoop reports. 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 … However, Montrose says it is engaging with over 70 clients on their Covid19 response activities, so it appears the firm has the potential for resiliency through the pandemic and even the potential for new business opportunities as a result of the pandemic as customers increase their focus on air quality. 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. Listed bookrunners of the IPO are BofA Securities, William Blair, BNP Paribas, Capital One Securities, Stifel, and Needham & Company. 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. 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. Selling, G&A expenses as a percentage of total revenue have been rising as revenues have increased. Form S-1 Montrose Environmental Group, Inc. General form for registration of securities under the Securities Act of 1933. 4,920,052 Shares . 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. The initial public offering price is expected to be between $15 and $17 per share. 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. These securities may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective. You said working at Montrose Environmental, a company which just went public on July 23, is "the best job you've ever had". SEC.report. 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. Investment Products. Selling, G&A expenses have increased as a percentage of revenues; its Selling, G&A efficiency rate has dropped as revenues have increased. Market Watch - 5 months ago. Montrose has the "best Exec Team" for which you've ever worked. Latest Trade: $32.10 0.00 (0.0%) First Day Return: +46.7%. To receive automatic notification of new IPO activity, click the "+ Follow" link at the top right of the page. Montrose Environmental Group, Inc. (the “Company” or “Montrose”) announced today the pricing of its initial public offering of 10,000,000 shares of it 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). Given the reasonable IPO valuation, potential for continued growth through acquisition and new organic opportunities as well as resilience to viral pandemic conditions, my opinion on the IPO is a BUY at up to $16.00 per share. Everything you need to know about the Montrose Environmental Group IPO including Offer Price, Filed Date, IPO Date, Offer Shares, Dealsize and Underwriters. Company profile page for Montrose Environmental Group Inc including stock price, company news, press releases, executives, board members, and contact information Read More. The firm's addressable market is believed to be approximately $395 billion and is expected to grow at a rate of 3.4% per year from 2018 to 2024. BofA Securities and William Blair are acting as joint leading book-running managers and representatives of the underwriters for the offering. Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced results for the second quarter ended June 30, 2020 Montrose is a high-growth environmental solutions company that supports government and commercial organizations. Company begins with... Company contains... Company. 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. “We initiated a position in Montrose Environmental Group, Inc. during the quarter upon the company’s IPO. 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. The initial public offering price is expected to be between $15 and $17 per share. Montrose is an environmental services provider offering measurement & analytical services as well as environmental resiliency & sustainability solutions 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. Montrose is a high-growth environmental … 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. PROSPECTUS . 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. The firm provides a range of environmental … Industry: Industrials. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. ". Your current browser configuration is not compatible with this site. ir@montrose-env.com, Doug Donsky This press release contains forward-looking statements.