M&A Deal Summary

Montrose Acquires Matrix Solutions

On May 3, 2023, Montrose acquired engineering company Matrix Solutions

Acquisition Highlights
  • This is Montrose’s 1st transaction in the Engineering sector.
  • This is Montrose’s 3rd transaction in Canada.
  • This is Montrose’s 1st transaction in Alberta.

M&A Deal Summary
Date 2023-05-03
Target Matrix Solutions
Sector Engineering
Buyer(s) Montrose
Deal Type Add-on Acquisition
Advisor(s) AEC Advisors (Financial)
Borden Ladner Gervais (Legal)

Target

Matrix Solutions

Calgary, Alberta, Canada
Matrix Solutions is an environmental consulting and engineering services company that collaborates across diverse fields of expertise and geographies on projects where environmental stewardship matters. The company has built its reputation by delivering innovative, pragmatic, and sustainable solutions for public and private sector clients. Core markets include infrastructure, renewable energy, oil and gas, midstream, and mining. Matrix Solutions is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

Montrose

North Little Rock, California, United States
Category Company
Founded 2012
Sector Environmental
Employees3,200
Revenue 624M USD (2023)
DESCRIPTION

Montrose is an environmental services provider offering measurement and analytical services as well as environmental resiliency and sustainability solutions to clients across a wide array of sectors. Montrose’s qualified engineers, scientists, technicians, associates, and policy experts are proud of their collective expertise and the collaborative nature of our approach to helping clients. Montrose strives to optimize environmental resiliency in a way that effectively complements its clients’ decision-making and operations and efficiently fulfills its project requirements. Headquartered in Orange County, California, Montrose has over 50 offices across the country and over 1,100 employees nationwide. Montrose was formed in 2012 and is based in North Little Rock, Arkansas.

DEAL STATS #
Overall 36 of 44
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 33 of 41
State (Alberta) 1 of 3
Country (Canada) 3 of 5
Year (2023) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-10 Environmental Alliance

Wilmington, Delaware, United States

Environmental Alliance is a full-service environmental engineering and consulting firm, providing high-quality, responsive, and cost-effective environmental services to public and private sector clients. The firm offers comprehensive environmental solutions to the real estate market, brownfield developers, oil and gas industry, and all industries in the environmental remediation market. Environmental Alliance, was founded in 1991 and is based in Wilmington, Delaware.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-08 GreenPath Energy

Calgary, Alberta, Canada

GreenPath Energy is an optical gas imaging and fugitive emissions management services firm. GreenPath Energy was founded in 2007 and is based in Calgary, Alberta.

Buy -
Mergr

Product

Company

Legal