Montrose Environmental acquires Paragon Soil & Environmental Consulting

06 June 2024 2 min. read

US-based Montrose Environmental Group has acquired Paragon Soil & Environmental Consulting, an Edmonton-headquartered environmental consultancy.

Founded in 2002, Paragon focuses on advisory services in soil and vegetation as they relate to development and reclamation. The firm works on projects ranging from individual land-owner surveys to major environmental impact assessments to multi-year site management and research initiatives.

Paragon primarily works with clients in oil sands, pipelines, mining, and power in Western Canada.

The firm has over 50 employees, according to LinkedIn.

Montrose’s acquisition of Paragon will bolster its presence in Alberta and provide additional expertise in select soil and reclamation services.

The transaction includes Paragon’s active limited partnership Paragon Infinity, which is operated in conjunction with Infinity Métis Corp., an Indigenous corporation with the McMurray Métis Local 1935 community.

Montrose Environmental acquires Paragon Soil & Environmental Consulting

“We are excited to partner with Montrose to expand our capabilities and resources to serve clients with services rooted in science, stewardship and safety,” said Lee Waterman, president of Paragon. “We appreciate the strong technical reputation of the Montrose team in Canada and are thrilled to formally join the team.”

Paragon’s senior leadership team, including Waterman, will join Montrose’s consulting and engineering practice within its remediation and reuse segment.

“Lee and his team provide an expansion of our current environmental consulting and engineering services in Canada, while strengthening our support of clients in the energy and energy transport sectors,” said Vijay Manthripragada, president and CEO of Montrose. “Paragon’s partnership with Infinity Métis Corp. is aligned with our commitment to Indigenous relations in the communities where we live and work. We look forward to future involvement with projects in Alberta that provide a material benefit for the local Indigenous community.”

The deal builds on Montrose’s 2023 acquisition of Matrix Solutions, which greatly expanded its Canadian operations. The acquisition added 570 employees across 19 offices in Alberta, BC, Saskatchewan, Manitoba, and Ontario.

Headquartered in Little Rock, Arkansas, Montrose has 3,200 people across 100+ locations in the US, Canada, Europe, and Australia.

The firm works with commercial and government clients on engagements spanning air measurement and laboratory services, regulatory compliance, emergency response, permitting, engineering, and remediation.