LITTLE
ROCK, Ark., Oct. 15,
2024 /PRNewswire/ -- Montrose Environmental Group,
Inc. (together with its subsidiaries, "Montrose" or "the Company") (NYSE: MEG), a
leading provider of innovative environmental solutions, announced
today that the Company has been selected to receive a contract to
provide environmental quality support to the Mobile District, South
Atlantic Division, U.S. Army Corps of Engineers (USACE). Mobile
District's Environmental Quality Program supports various military,
civil and federal agencies including the U.S. Army, U.S. Air Force,
U.S. Marine Corps, U.S. Navy, Defense Logistics Agency and other
Department of Defense (DOD) components domestically and abroad.
The $249 million, five-year,
multiple-award contract focuses on providing solutions and remedial
plans with an emphasis on air and water quality compliance, per-and
polyfluoroalkyl substances (PFAS), pollution prevention, hazardous
waste, sustainability and other environmental compliance
support.
"This announcement highlights our valued partnership with the
USACE and follows the successful completion of recent projects,"
said Vijay Manthripragada, president
and chief executive officer of Montrose Environmental Group. "As
our market presence expands and awareness increases related to our
unique integration of environmental consulting, analytical
services, engineering and next-generation technology, we are
excited to partner with the U.S. government to tackle complex
environmental challenges – including addressing issues such as
PFAS, with greater effectiveness and innovation."
According to Environmental Business Journal's 2024 EBJ
Remediation Markets Survey, the Department of Defense (DOD) ranked
highest for market growth opportunities within the estimated
$15.5B annual U.S. remediation
services market. An increase in large DOD infrastructure projects,
including USACE, has received bipartisan support in recent years
with significant funding derived from the Bipartisan Infrastructure
Law.
About Montrose
Montrose is a leading environmental solutions
company focused on supporting commercial and government
organizations as they deal with the challenges of today and prepare
for what's coming tomorrow. With ~3,400 employees across 100+
locations worldwide, Montrose
combines deep local knowledge with an integrated approach to
design, engineering, and operations, enabling Montrose to respond effectively and
efficiently to the unique requirements of each project. From
comprehensive air measurement and laboratory services to regulatory
compliance, emergency response, permitting, engineering, and
remediation, Montrose delivers
innovative and practical solutions that keep its clients on top of
their immediate needs – and well ahead of the strategic curve. For
more information, visit www.montrose-env.com.
Forward‐Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. 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. Forward-looking statements are
based on current information available at the time the statements
are made and on management's reasonable belief or expectations with
respect to future events, and are subject to risks and
uncertainties, many of which are beyond the Company's control, that
could cause actual performance or results to differ materially from
the belief or expectations expressed in or suggested by the
forward-looking statements. 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.
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. Investors
are referred to the Company's filings with the Securities and
Exchange Commission, including its Annual Report on Form 10-K for
the year ended December 31, 2023, for
additional information regarding the risks and uncertainties that
may cause actual results to differ materially from those expressed
in any forward-looking statement.
Contacts
Montrose
Investor Relations:
Adrianne Griffin
(949) 988-3383
ir@montrose-env.com
Media Relations:
Sarah Kaiser
(225) 955-1702
pr@montrose-env.com
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SOURCE Montrose Environmental Group, Inc.