Montrose Environmental announces 3M share common stock offering

Montrose Environmental Group announced that it intends to offer for sale 3M shares of its common stock in an underwritten public offering. The company intends to use the net proceeds from the offering for general corporate purposes and continued acceleration of strategic growth initiatives, including, but not limited to, acquisitions or business expansion, commercialization of intellectual property given expanded environmental regulations, research and development, software development, capital expenditures, working capital and the repayment of debt. J.P. Morgan, William Blair and Evercore ISI are acting as joint leading book-running managers and representatives of the underwriters for the offering. BofA Securities is acting as book-running manager for the offering.