Montrose Environmental Group Inc. said Friday that it has moved its headquarters office from Irvine, California, to North Little Rock. The relocation to 5120 Northshore Drive was effective Friday.
The company will invest more than $2 million to renovate the space and bring in more equipment, Robert Birch, the city's director of business development, told Arkansas Business. He said Montrose will create 90 jobs with an average annual salary of $96,000 over the next two to three years.
"Montrose continues to invest in and grow in all our key markets, including both California and Arkansas," CEO Vijay Manthripragada said in a news release. "We remain fully committed to our teams, clients and communities in both states."
CFO Allan Dicks added that the company assessed locations in multiple states before deciding Arkansas was where it wanted to be. “In addition to the business-friendly climate, Arkansas’ Central Time Zone is ideal for a public company like Montrose with thousands of employees and more than 70 offices globally."
Montrose entered Arkansas last year with the purchase of privately held CTEH of North Little Rock, a scientific consulting firm specializing in emergency preparedness, response and recovery. Financial terms of the deal were not disclosed.
CTEH, founded in 1997, stands for the Center for Toxicology & Environmental Health. It got its start dealing with chemical spills from train derailments but evolved to include services such as risk assessment, crisis management and training.
At the time it was acquired, CTEH had more than 170 employees in 11 states. Montrose said Friday that it has more than 2,000 employees across more than 70 locations around the world.
Dicks said the company had been impressed with the "quality of talent" it has seen in the area since acquiring CTEH. He also said Montrose looks forward to "deepening our involvement" in the community.
Montrose works with companies and governments to help them meet environmental needs. Its services include comprehensive air measurement, laboratory services, regulatory compliance, emergency response, permitting, engineering and remediation.
According to the Arkansas Economic Development Commission, Arkansas provided incentives for the company to move its principal executive office to the state: Tax Back, which provides sales tax refunds on building materials, taxable machinery and equipment, and Create Rebate, a cash rebate based on the company's annual payroll for new employees.
"Our board of directors and management team are grateful for the time, substantive incentives, and support that Governor Hutchinson and the State of Arkansas have provided to Montrose," Manthripragada said. "We are excited about our future.”
The company is looking to hire c-suite executives as well as accounting, sales, marketing, human resources and technology services personnel for the new office, Birch said.
“Montrose Environmental will be a great addition to the Arkansas business community,” said state Secretary of Commerce Mike Preston in a news release. “The company’s commitment to innovation and sustainability align with the goals and values of Arkansans who enjoy the benefits of living in a state focused on outdoor pursuits.”
Gov. Asa Hutchinson added, “The 90 high-paying jobs being created by the company are a testament to the hard work and dedication that our state’s workforce possesses. I am confident that Montrose will find the talent they need to grow and prosper for many years to come.”
North Little Rock Mayor Terry Hartwick said, “From a pro-business climate to an unrivaled quality of life, North Little Rock has all the pieces in place to help companies succeed. I am looking forward to working with the Montrose leadership for many years to come.”
On Monday, Montrose announced the acquisition of SensibleIoT LLC of Paso Robles, California, an "internet of things" and software company. Financial terms of the deal were not disclosed.
SensibleIoT was founded in 2018 by Charles Beach. The company said it has helped private and public sector clients "visualize, calibrate and interact with data to develop meaningful environmental insights."
"In combining Montrose's environmental solutions with Sensible's platform, we are able to offer further integrated services and data analytics that will help our clients meet their environmental goals," Montrose Chief Strategy Officer Jose Revuelta said. "Charles has been successful in working with various public-private partnerships, such as the City of Denver's Love My Air initiative, and he has developed several cutting-edge environmental solutions for many of our clients.
"The application of technology and software to the environmental industry is core to our strategy, and we are excited to have Charles on our team so we can further our mission of helping protect the air we breathe, the water we drink and the soil that feeds us."