Montrose Environmental Gr Snaps Environmental Consultancy Specializing in Regulatory Services in Rocky Mountain Region, Financial Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Montrose Environmental Group, Inc. (MEG) has acquired Two Dot Consulting, LLC, an environmental consultancy specializing in regulatory services for the oil and gas, and renewables sectors in the Rocky Mountain region. The financial terms of the acquisition were not disclosed. Two Dot's senior leadership, including CEO Todd Spivey, will join Montrose's Consulting and Engineering division.
February 29, 2024 | 12:37 pm
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Montrose Environmental Group, Inc. has expanded its environmental consultancy services by acquiring Two Dot Consulting, specializing in regulatory services in the Rocky Mountain region.
The acquisition of Two Dot Consulting by Montrose Environmental Group is likely to have a positive short-term impact on MEG's stock price. This acquisition expands MEG's service offerings in the environmental consultancy sector, particularly in regulatory services for the oil, gas, and renewables sectors in a key geographic region. The addition of Two Dot's senior leadership, including its CEO, to Montrose's Consulting and Engineering division suggests a strategic integration aimed at leveraging Two Dot's expertise. While the financial terms were not disclosed, the strategic nature of this acquisition and the expansion of services are generally viewed positively by the market.
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