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Montrose Environmental Group Acquires Target Emission Services and Expands into International Markets

05/10/2019

IRVINE, CA (May 10, 2019) – Montrose Environmental Group, Inc. (“Montrose”), a high-growth environmental services company, and Target Emission Services, Inc. (“TARGET”), a market leader in fugitive emission detection in the US and Canada, today announced they have entered into a definitive agreement under which Montrose will acquire TARGET. Terms of the transaction were not disclosed.

“Target’s unparalleled expertise in the growing market of leak detection and repair (LDAR) will accelerate our growth and facilitate our expansion into international markets,” said Erick Mirabella, Senior Vice President of Montrose Air Quality Services, “With TARGET, Montrose gains a complementary capability that will enhance our existing LDAR business, increase our geographic footprint, and expand our capabilities for our clients in North America.”

TARGET’s innovative approach has enabled it to capitalize on industry growth in the potentially $5.5 billion addressable market for LDAR services. Along with their specialized expertise in optical gas imaging, which is transforming the industry, Target brings extensive program development experience, regulatory support, and measurement capabilities. For more than 12 years, TARGET has partnered with many of the world’s largest oil and gas producers to deliver accurate, safe, and cost-effective detection and measurement of hydrocarbon fugitive emissions.

Terence Trefiak, Managing Director of TARGET, said, “We are excited to join forces with Montrose, one of the leading environmental services companies.  This transaction will enable us to achieve our next stage of development and expand our capabilities and platform for the benefit of our employees and customers.”

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