M&A Deal Summary

Montrose Acquires Spirit Environmental

On July 8, 2024, Montrose acquired environmental company Spirit Environmental

Acquisition Highlights
  • This is Montrose’s 34th transaction in the Environmental sector.
  • This is Montrose’s 36th transaction in the United States.
  • This is Montrose’s 3rd transaction in Texas.

M&A Deal Summary
Date 2024-07-08
Target Spirit Environmental
Sector Environmental
Buyer(s) Montrose
Deal Type Add-on Acquisition

Target

Spirit Environmental

Houston, Texas, United States
Spirit Environmental provides environmental consulting services, including water quality, sustainability, waste, and natural resources management. Spirit Environmental was formed in 2005 and is based in Houston, Texas.

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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 43 of 44
Sector (Environmental) 34 of 35
Type (Add-on Acquisition) 40 of 41
State (Texas) 3 of 3
Country (United States) 36 of 37
Year (2024) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-05 Paragon

Edmonton, Alberta, Canada

Paragon is an environmental consulting firm that provides services for clients in the oil sands, pipeline, mining and power sectors. Paragon was founded in 2002 and is headquartered in Edmonton, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-10 Origins

Denver, Colorado, United States

Origins is a NELAP-certified environmental testing laboratory that specializes in measuring the contamination of water, soil and air for oil and gas clients in the Rocky Mountain region. Origins also offer advanced services for emerging market demands, such as specialized air analysis for volatile organic compounds (VOCs) and measurement of per- and polyfluoroalkyl substances (PFAS). Origins was founded in 2006 and is based in Denver, Colorado.

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