Montrose Environmental at a Glance
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Matrix Solutions Acquisition:
An Example of Value Creation
Transaction Survey:
In June 2023, we completed a $48.2 million acquisition of Matrix Solutions, one of Canada's leading environmental
engineering and consulting companies.
With approximately 570 employees, 19 office locations and a blue-chip client base, Matrix is unique in its size, environmental
focus and quality brand recognition in North America.
Matrix complements our existing environmental services portfolio with substantive opportunities for cross-selling, best
practices sharing and operational efficiencies.
Attractive Outlook:
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Revenues of ~$72.5 million and Adjusted EBITDA of ~$4.5 million represents margin improvement opportunity. (1)
Adjusted EBITDA margins contribution expected to climb to the low-to-mid teens percent by end of 2024.
(1) TTM April 2023; Adjusted EBITDA excludes Canadian Scientific Research and Experimental Development Credits
© 2023 Montrose Environmental Group, Inc. Proprietary. 12View entire presentation