Montrose Environmental (MEG) Announces 4.92M Secondary Offering of Shares

(Updated - November 23, 2020 6:52 AM EST)

Montrose Environmental Group, Inc. (the “Company” or “Montrose”) (NYSE: MEG) announced today that certain of the Company’s stockholders, including funds managed by Oaktree Capital Management, L.P. (the “Selling Stockholders”), intend to offer for sale in an underwritten secondary offering 4,920,052 shares of the Company’s common stock. The Selling Stockholders will also grant the underwriters a 30-day option to purchase up to an additional 738,012 shares of common stock. The Selling Stockholders will receive all of the proceeds from the offering. Montrose is not offering any shares of its common stock in the offering and will not receive any proceeds from the offering.

BofA Securities and William Blair are acting as joint leading book-running managers and representatives of the underwriters for the offering. J.P. Morgan and Morgan Stanley are acting as joint book-running managers.

The offering of these securities will be made only by means of a prospectus.

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