Montrose Environmental Group’s Shares Offering

Wilson Sonsini Goodrich & Rosati advised the underwriters on the deal.

Montrose Environmental Group announced the pricing of an underwritten secondary offering by certain of the company’s stockholders, including funds managed by Oaktree Capital Management, L.P., of 4,920,052 shares of the company’s stock at a price of $2.75 per share, before underwriting discounts and commissions. The selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 738,012 of common stock, and will receive all proceeds from the offering.

BofA Securities and William Blair are acting as joint leading book-running managers and representatives of the underwriters for the offering. J.P. Morgan, Morgan Stanley, Stifel, Needham & Company, BNP PARIBAS, and Capital One Securities are also acting as joint book-running managers for the offering.

Montrose Environmental Group, Inc. operates as an environmental company. The Company offers air quality and environmental laboratory services. Montrose Environmental Group serves to the landfills, electric utilities, water treatment facilities, municipalities, and corporations worldwide.

The Wilson Sonsini core team advising the underwriters includes partner Michael Coke (Picture) and associates Gordon Grafft, Vartika Jain, and Jackie Jung.

Involved fees earner: Michael Coke – Wilson Sonsini Goodrich & Rosati; Gordon Grafft – Wilson Sonsini Goodrich & Rosati; Vartika Jain – Wilson Sonsini Goodrich & Rosati; Jacqueline Jung – Wilson Sonsini Goodrich & Rosati;

Law Firms: Wilson Sonsini Goodrich & Rosati;

Clients: Bank of America Securities; BNP Paribas; Capital One Securities; J.P. Morgan Securities LLC; Morgan Stanley; Needham & Company; Stifel Financial Corp.; William Blair & Company, L.L.C.;

Author: Ambrogio Visconti