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Montrose Environmental Group Acquires Engineering & Technical Associates, Inc. (ETA) to Expand Process Safety Management (PSM) Services

Apr 02, 2024•over 1 year ago

Acquiring Company

Montrose

Acquired Company

Engineering & Technical Associates (ETA)

Little RockWalbridgeOil And Gas

Description

Montrose Environmental Group, Inc. has announced the strategic acquisition of Engineering & Technical Associates, Inc. (ETA), a leader in Process Safety Management (PSM). This acquisition is expected to enhance Montrose’s Environmental, Health, Safety & Security advisory offerings and improve its 2024 revenue and consolidated Adjusted EBITDA outlook.

Company Information

Company

Montrose

Location

Little Rock, Arkansas, United States

About

Montrose is a leading environmental solutions company focused on supporting commercial and government organizations as they deal with the challenges of today, and prepare for what’s coming tomorrow. With 2,800+ employees across more than 80 locations around the world, Montrose combines deep local knowledge with an integrated approach to design, engineering, and operations.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed