Montrose Environmental Group Business Summary

Montrose Environmental Group, Inc. (MEG) operates as a high-growth environmental services provider, generating revenue through a diversified mix of consulting, laboratory testing, and engineering services. The company’s business model is organized into three primary segments: Assessment, Permitting and Response (AP&R), which provides scientific advisory and emergency response; Measurement and Analysis (M&A), focused on air, water, and soil testing; and Remediation and Reuse (R&R), which delivers engineering and design for environmental cleanup. MEG leverages an aggressive acquisition-led strategy to capture market share in high-growth regulatory niches, particularly PFAS analysis and advanced air quality monitoring. It competes directly with global engineering giants and specialized testing firms such as Tetra Tech, Jacobs Solutions, Eurofins Scientific, and ALS Limited, positioning itself as an agile, tech-enabled alternative with a vertically integrated service suite. Founded in 2012 by Christopher LeMay, Trevor Turbidy, and a team of finance and environmental professionals, the company is currently led by President and CEO Vijay Manthripragada, who previously held leadership roles at Goldman Sachs and ExamWorks. The executive team includes CFO Allan Dicks, Chief Operating Officer James Laws—appointed in January 2026 following a decade-long tenure at AECOM—and Chief Technology Officer Carl Moczydlowsky. The board is chaired by Richard Perlman, the founder of ExamWorks, and includes notable directors such as James A. Price and former PwC executive Vincent Colman. Historically backed by Oaktree Capital Management, which saw its preferred interests redeemed in 2025, Montrose is now predominantly owned by major institutional investors including Vanguard, BlackRock, and JPMorgan Chase.