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. 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. 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.'. 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. 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. Montrose is a high-growth environmental solutions company that supports government and commercial organizations. 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. Return from IPO: +114.0%. PROSPECTUS . IPO Investing. 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. The market opportunity for environmental services is large and expected to grow at a low-to-moderate rate of growth in the years ahead, although the aforementioned increasing focus on air quality as a result of the Covid19 pandemic may produce new market growth opportunities for nimble firms such as Montrose. 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. Free cash flow during the twelve months ended March 30, 2020, was $2.0 million. IPO stocks can be very volatile in the days immediately after an IPO. Company begins with... Company contains... Company. 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. Montrose Environmental Group, Inc. IPO Advisory Share this IPO Profile: Smart Search. The firm provides a range of environmental remediation and management services to industry. 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. 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. The firm's operating segments are Assessment, Permitting and Response, Measurement and Analysis, and Remediation and Reuse. These securities may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective. Montrose Environmental Group: Interesting 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. 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. Further, many of these factors are, and may continue to be, amplified by the COVID-19 pandemic. The firm’s financials indicate a slight softening in revenue growth and increasing operating losses. Price Range. Montrose Environmental Group: Interesting IPO. New California Industrial Stormwater Permit Requirements – Effective July 1, 2020. Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced results for the second quarter ended June 30, 2020 Montrose Environmental is registered under the ticker NYSE:MEG . Montrose Environmental Group has filed with the SEC for an upcoming IPO on the NYSE, with plans to raise some $160 million. 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. Open. ". 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. 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. Montrose Environmental Group, which provides environmental assessment, management, and remediation services, announced terms for its IPO … ". Montrose is a high-growth environmental … Montrose is a high-growth environmental … 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. SEC.report. Investment Products. BofA Securities and William Blair are acting as joint leading book-running managers and representatives of the underwriters for the offering. Form S-1 Montrose Environmental Group, Inc. General form for registration of securities under the Securities Act of 1933. 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. (the “Company” or “Montrose”) announced today the pricing of its initial public offering of 10,000,000 shares of it Montrose Environmental Group Inc. company facts, information and financial ratios from MarketWatch. Montrose Environmental is funded by Oaktree Capital Management. "We initiated a position in Montrose Environmental Group, Inc. during the quarter upon the company’s IPO. Montrose Environmental Group prices IPO at $15 to raise $150 million. 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 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. 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. 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 has acquired 2 organizations. 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. (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. Provides a suite of environmental impact services. “We initiated a position in Montrose Environmental Group, Inc. during the quarter upon the company’s IPO. Your current browser configuration is not compatible with this site. 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 is basically an acquisition play on the fragmented market for environmental services. Management’s presentation of the company roadshow is available here. 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 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. I don't know what to say by thank you for recognizing this and sharing. 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. View MEG net cash flow, operating cash flow, operating expenses and cash dividends. Montrose Environmental Group (MEG) expects to raise $160 million in an initial public offering (IPO) on Wednesday, July 22nd, IPO Scoop reports. Market Watch - 5 months ago. 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. 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 Environmental Group Priced, NYSE: MEG. 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. (949) 988-3383 Companies; Documents; Forms; Alerts; Stock Ticker Lookup. Search / Go. IRVINE, Calif.-(BUSINESS WIRE)-Montrose Environmental Group, Inc. (the "Company" or "Montrose") announced today the pricing of its initial public offering … 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 Group Inc is an environmental services company. The initial public offering price is expected to be between $15 and $17 per share. View information on the latest IPO's, expected IPO's, recent filings and IPO performance. Montrose Environmental is funded by Oaktree Capital Management. 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. “We initiated a position in Montrose Environmental Group, Inc. during the quarter upon the company’s IPO. We "communicate our vision well" and our CEO Vijay is "the real deal". Read More. 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. Increasing gross profit, but variable gross margin, Growing operating losses and negative margin, Uneven cash flow from or use in operations. 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. 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. 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. About MEG. 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. Montrose Environmental Group prices IPO at $15 to raise $150 million. 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. Common Stock $ per share . The offering of these securities will be made only by means of a prospectus. 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%. Montrose Environmental Group Inc, an environmental services company, has priced its IPO of 10 million shares at a range between $15 and $17 per … To receive automatic notification of new IPO activity, click the "+ Follow" link at the top right of the page. You said working at Montrose Environmental, a company which just went public on July 23, is "the best job you've ever had". Montrose Environmental Group, Inc. Form S-1. Company profile page for Montrose Environmental Group Inc including stock price, company news, press releases, executives, board members, and contact information Montrose Environmental is registered under the ticker NYSE:MEG . I don't know what to say by thank you for recognizing this and sharing. Montrose Environmental Group has filed to raise $160 million in an IPO of its common stock. 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. While the ”core” businesses do not look very profitable, the company still shows resilient growth. This was a Private Equity round raised on Oct 28, 2018. Montrose Environmental Group: Interesting IPO. Market Watch - 5 months ago. Montrose has the "best Exec Team" for which you've ever worked. The company’s diverse set of services are centered around air, soil, and water. Shares. 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 . 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. The initial public offering price is expected to be between $15 and $17 per share. Expected IPO Pricing Date: To be announced. 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. 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. Montrose Environmental Group: Interesting IPO (NYSE:MEG) by admin July 25, 2020. Their stock opened with $15.00 in its Jul 22, 2020 IPO. Real-time information on initial public offerings (IPO's) by 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. Everything you need to know about the Montrose Environmental Group IPO including Offer Price, Filed Date, IPO Date, Offer Shares, Dealsize and Underwriters. Montrose has the "best Exec Team" for which you've ever worked. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. 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. 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). 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