03:46 AM EDT, 04/18/2024 (MT Newswires) -- Montrose Environmental Group ( MEG ) said late Wednesday it priced a public offering of 3 million common shares at $37.15 per share.

The underwriters have been granted a 30-day option to purchase up to 450,000 additional common shares.

Net proceeds will be used for general corporate purposes and strategic growth initiatives, the company said.

Closing of the offering is expected to occur on April 22, subject to customary closing conditions.