Montrose Environmental Group, Inc. (NYSE: MEG)

Montrose Environmental Group, Inc., referred to as MEG, operates in the environmental services industry. The company offers a diverse range of solutions to clients across various sectors, with its main business activities divided into three segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse.

The Assessment, Permitting and Response segment offers scientific advisory and consulting services to support environmental assessments, emergency response, and recovery. This segment, which forms the foundation for the company's other segments, generated approximately 35% of MEG's revenue for the fiscal year ended December 31, 2023.

The Measurement and Analysis segment is a significant player in environmental testing and laboratory services in North America. This segment, which contributes approximately 32% of the company's revenue, provides essential testing and analysis services to clients across various industries.

The Remediation and Reuse segment offers clients engineering, design, and implementation services to treat contaminated water, remove contaminants from soil, and create biogas from waste. This segment, which accounted for around 33% of MEG's revenue for the fiscal year ended December 31, 2023, is a growing area of the company's business.

MEG operates in a highly fragmented market with thousands of potential acquisition targets. The company has a robust track record of identifying, executing, and integrating acquisitions since its inception in 2012, and it aims to continue expanding its portfolio of services, accessing differentiated technologies or processes, and extending its geographic coverage.

MEG competes in a competitive market but has a strong reputation, safety track record, quality, geographic reach, price, technical capabilities, and breadth of services, positioning it favorably. The company protects its intellectual property through patents, copyrights, trademarks, trade secrets, and licenses, as well as employee and third-party confidentiality agreements.

MEG serves a diverse range of clients, including energy, industrials, manufacturing, power and utilities, technology, chemicals, financial services, engineering services, and media, as well as local, state, provincial, and federal government entities. The company has long-term relationships with its clients, with approximately 89% of its revenue derived from the private sector and 11% from the public sector.

MEG is committed to diversity, fairness, and inclusion, with initiatives such as its WeLEAD program, which focuses on fostering the recruitment, retention, and professional development of women at the company.

MEG's primary products and services include environmental assessments, permitting, response, testing, and analysis, as well as remediation and reuse solutions. Its brand names and trade names include Montrose Environmental Group, Assessment, Permitting and Response, Measurement and Analysis, and Remediation and Reuse.