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Montrose Environmental Acquires Frontier Analytical Laboratories For Undisclosed Sum

Benzinga · 01/06/2023 11:45
  • Environmental services company Montrose Environmental Group Inc (NYSE:MEG) has acquired Frontier Analytical Laboratories for undisclosed financial terms.
  • Frontier is an environmental laboratory specializing in high-resolution gas chromatography mass spectrometry analysis of Dioxins/Furans, Polychlorinated Biphenyls (PCBs), and other Persistent Organic Pollutants (POPs).
  • The company expects Frontier to strengthen its environmental laboratory testing business.
  • Based in El Dorado Hills, California, the Frontier team will begin working out of Montrose's neighboring Enthalpy laboratory.
  • The business will be integrated into Montrose's Measurement and Analysis Segment and operate as part of the subsidiary Enthalpy Analytical LLC.
  • Frontier's leadership, including Vice Presidents Bradley Silverbush and Tom Crabtree, will join Montrose.
  • Montrose held $93.6 million in cash and equivalents as of September 30, 2022.
  • Price Action: MEG shares are trading higher by 2.53% at $47.88 on the last check Friday.
  • Photo Via Company