Logo remediation technology
October 14 - 16, 2025
The Westin
Westminster, CO
Conveniently Located between Boulder & Denver
search
linkedin youtube
  • Create Account
  • Sign Out
  • My Account
October 14 - 16, 2025
The Westin
Westminster, CO
Conveniently Located between Boulder & Denver
Logo remediation technology
  • HOME
  • SUBMIT ABSTRACT
  • REGISTER
    • Registration Fees
    • Register Now!
  • ATTEND
    • Agenda
    • Why Attend The Summit
    • Attended Companies
    • 2024 Photo Gallery
  • PRESENTERS
    • Scientific Advisory Board
    • Keynotes/Session Chairs
    • Platform Presenters
    • Poster Presenters
    • Student Presenters
  • SPONSOR/EXHIBIT
    • Become a Sponsor or Exhibitor
    • Exhibit Floor Plan
    • Event Logos & Ads
  • STUDENTS
    • Student Program
    • Past Student Winners
  • TRAVEL
  • NEWSLETTERS
  • CONTACT
    • Stay Connected
    • Show Staff
Environmental Remediation NewsSite Cleanup & RedevelopmentHydrocarbon|Mining Remediation

Montrose Environmental Group acquires Matrix Solutions Inc.

The consolidation brings forth a company that can work seamlessly across borders for large multinational clients.

Montrose-Environmental
May 11, 2023

Montrose Environmental Group, Inc. (“Montrose” or the “Company”) (NYSE: MEG) announced on May 3 it has entered into an arrangement agreement to acquire all of the issued and outstanding shares of Matrix Solutions Inc. (“Matrix”), one of Canada’s leading environmental and engineering consulting companies. The transaction, which is subject to, among other things, approval of Matrix shareholders and the Court of King’s Bench of Alberta, is expected to close in the second quarter of 2023. Terms of the transaction were not disclosed.

Founded in 1984 and headquartered in Calgary, Alberta, Matrix is employee-owned and broadly held with 570 employees, having grown into one of Canada’s leading pure-play providers of environmental solutions. The firm advises and supports more than 1100 private and public sector clients from its three main service lines, which include Contaminated Site Assessment, Remediation and Reclamation; Environmental Sciences and Regulatory Planning; and Water Resources Engineering and Management. From its 19 office locations, Matrix serves clients throughout the Canadian provinces of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario.

“Matrix will form the platform for our consulting business in Canada and, together, we will be able to expand our support for clients across their full environmental engineering and service needs in North America,” said Doug Matthys, President of Montrose’s Consulting & Engineering division. “Within Canada, Matrix is recognized as a leading pure-play environmental solutions platform, offering a wide-range of services to compete against large-scale competitors, while having the regional expertise and personal touch to compete with local niche players. We’re excited about the opportunity to enhance our ability to address our clients’ increasingly complex environmental challenges and look forward to welcoming our new colleagues to the Montrose family.”

Matrix President and Chief Executive Officer Holly Elrick commented: “We’re excited to join Montrose, creating a company with complementary skillsets, a greater depth of expertise and an ability to work seamlessly across borders for large multinational clients. Our companies also hold the same values and focus on environmental stewardship, which was critical in our consideration. We look forward to finalizing our transaction and starting to collaborate with our new colleagues across a strengthened global platform.”

Blake, Cassels & Graydon LLP acted as Montrose’s legal advisor. AEC Advisors, LLC acted as financial advisor to Matrix, and Borden Ladner Gervais, LLP acted as its legal advisor.

About Montrose

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, enabling the Company to respond effectively and efficiently to the unique requirements of each project. From comprehensive air measurement and laboratory services to regulatory compliance, emergency response, permitting, engineering, and remediation, Montrose delivers innovative and practical solutions that keep its clients on top of their immediate needs – and well ahead of the strategic curve. For more information, visit www.montrose-env.com.

About Matrix Solutions

Matrix Solutions is one of Canada’s leading environmental consulting and engineering services companies. Known for a client-focused approach, Matrix’s 550+ employees, based in 19 locations across Canada, collaborate across diverse fields of expertise and geographies on projects where environmental stewardship matters. With a proud history of nearly 40 years, Matrix has built its reputation by delivering innovative, pragmatic, and sustainable solutions for public and private sector clients. Core markets include infrastructure, renewable energy, oil and gas, midstream, and mining. Visit matrix-solutions.com to learn more.

Source: Montrose Environmental Group
KEYWORDS: degradation environmental services mergers and acquisitions

Share This Story

Post a comment to this article

Report Abusive Comment

Subscribe For Free!
  • eNewsletter
  • Online Registration
  • Manage My Preferences
  • Customer Service

More Videos

Related Articles

  • Montrose-Environmental

    Montrose Environmental Group acquires Canadian environmental consultancy

    See More
  • Montrose-Environmental

    Montrose Environmental Group acquires Australian Epic Environmental

    See More
  • stacks air quality

    Montrose Environmental Group announces second 2023 acquisition

    See More
×

Get our eNewsletter delivered to your inbox!

Stay in the know on the latest environmental sciences & remediation news and information.

SUBSCRIBE TODAY

BNP Events

Privacy Policy | Code of Conduct

Copyright ©2025. All Rights Reserved
Design, CMS, Hosting & Web Development :: ePublishing