On November 24, 2020, 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. Wilson Sonsini is representing the underwriters in 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.

The Wilson Sonsini core team advising the underwriters includes partner Michael Coke and associates Gordon Grafft and Jackie Jung.

Please see Montrose Environmental’s press release for more information.