Important Disclosures Don't risk buying another IPO without IPO Pro. Increasing gross profit, but variable gross margin, Growing operating losses and negative margin, Uneven cash flow from or use in operations. Our integrated platform has been a catalyst for our organic growth and we have built on this platform through strategic acquisitions. The firm provides a range of environmental Seeking Alpha It was founded in 2012 and today it counts approximately 4,200 clients that are both private (~80% of revenue) and public organisations (~ 20% of revenue). Market Watch - 5 months ago. 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 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. 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. September 30, September 30, 2020 . About Montrose Environmental Group, Inc. (adapted from Montrose Environmental Group, Inc. prospectus): They service complex, recurring and often non-discretionary environmental needs of our diverse clients across our three business segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. Montrose Environmental Group IPO Montrose Environmental Group (NYSE: MEG) is an environmental services company based in California. Provides a suite of environmental impact services. Nine Months Ended . MEG has a reasonable IPO valuation, potential for continued growth through acquisition and new organic opportunities as well as resilience to viral pandemic conditions. Return from IPO: +92.1%. $33.84 © 2021 Renaissance Capital LLC. 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) intends to raise $160 million in an IPO of its common stock, according to an S-1/A registration statement. 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 Inc, an environmental services company, has priced its IPO of 10 million shares at a range between $15 and $17 per … Explore our IPO Center to track upcoming deals, analyze performance and read IPO news and expert commentary. 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%. 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. 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. 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. All rights reserved. Montrose Environmental Group, Inc. Common Stock . 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. 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. when they were newly public. Montrose Environmental Group has filed to raise $160 million in an IPO of its common stock, according to an S-1/A registration statement. The firm provides a range of environmental remediation and management services to industry. 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 … Expected IPO Pricing Date: To be announced. Amended and Restated 2013 Stock Option Plan as amended, or our 2013 Stock Plan, and the Montrose Environmental Group, Inc. Our approach has allowed us to successfully scale our business, and we believe we are well positioned to continue our trajectory and market leadership as we address the growing environmental needs of our clients and communities. Since our inception in 2012, our mission has been to help clients and communities meet their environmental goals and needs. REVENUES $ 84,705 $ 57,623 $ 219,502 $ 165,978 Montrose Environmental Group Shares Open 10% Above Its IPO Price In NYSE Debut. of the global IPO market and bottom up research and valuation analysis on every IPO. ". We are selling shares of our common stock. 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. Since our inception in 2012, our mission has been to help clients and communities meet their environmental goals and needs. This is a top-tier performance for all major underwriters during the period. 2020 . Company profile page for Montrose Environmental Group Inc including stock price, company news, press releases, executives, board members, and contact information (RTTNews) - Montrose Environmental Group, Inc. (MEG) announced the acquisition of MSE Group, a provider of environmental assessment, compliance, engineering, and design services primarily to … Currently, no public market exists for the shares. We expect the public offering price will be between $ and $ per share. Free cash flow during the twelve months ended March 30, 2020, was $2.0 million. "We initiated a position in Montrose Environmental Group, Inc. during the quarter upon the company’s IPO. Today, we have emerged as one of the fastest growing companies in a highly fragmented and growing $1.25 trillion global environmental industry. Automatic notification of new IPO activity, click the `` + Follow '' link at top. $ 1.25 trillion global environmental industry roadshow is available here based in California registration... 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