The FGS Group Acquired by Montrose Environmental Group

Posted in Press Releases By Margaret Cobb

The FGS Group Acquired by Montrose Environmental Group

Ponte Vedra, FL - June 5, 2017 - FRS Environmental Remediation, Inc. (“The FGS Group”), has been acquired by Montrose Environmental Group, Inc. (“Montrose”), through its wholly-owned subsidiary ES Engineering Services, LLC. The FGS Group will become a part of Montrose’s Sustainability Services Division and will further expand its environmental engineering, remediation and waste management services to the Southeast region of the United States. Terms of the transaction were not disclosed.

Based in Tampa, Florida, The FGS Group is a full-service environmental contracting firm specializing in turn-key environmental construction and remediation associated with petroleum, non-petroleum and hazardous waste. The FGS Group will continue to operate under its existing name and its team will join Montrose.

Robert D. Tolbert, Jr. "Chip", President of The FGS Group, stated, “We are genuinely excited about our partnership with Montrose and ES Engineering since its owners share the same culture, vision and goals as FGS and, as such, we are proud to serve as their platform for future growth in Florida. This partnership will allow us to combine our service areas with the diverse network of services Montrose provides, while continuing to provide high-quality services to our existing clients.”

Josh LeMaire, Executive Vice President of Montrose commented, “There are several factors we take into consideration when acquiring a new company to help grow our family. In our world, nothing is more important than ensuring there is an ideal cultural fit and FGS is exactly that. We would like to welcome the entire team to the Montrose family of companies.”

“We are absolutely thrilled to welcome the FGS team into the Montrose family. As a premier provider of environmental assessment, engineering, construction and remediation services, we are excited to partner with their team to further strengthen the capabilities and reach of the ES Engineering service offering. Chip and team have built a close-knit and truly exceptional culture within their organization and we are eager to begin working together towards achieving our shared vision and long-term goals,” added Ryan Brokamp, Senior Vice President of ES Engineering.

Harbor View Advisors served as the exclusive financial advisor to The FGS Group.

Harbor View Advisors provides M&A advisory, turnkey corporate development and strategic consulting to software and technology-enabled business services companies. Our unique approach combines the strategic thinking of a consulting firm with the execution experience of an investment bank to provide clients with the full spectrum of guidance they need to achieve their goals. Whether you are seeking a path to liquidity for your business or are looking to strengthen your corporate development program, we work with your leadership team to solve your toughest challenges.