Montrose based on NLR
Huco announces purchase
Montrose Environmental Group Inc. has announced Monday acquired Houston-based Huco Consulting Inc., which implements environmental, health, safety and governance systems and software for industrial, commercial and government clients. Terms of the transaction were not disclosed.
Huco’s leadership team will remain in place, officials said.
“As environmental reporting requirements for companies increase, the demand for systematic compliance and data aggregation is growing rapidly,” said Mark Hall, senior vice president at Montrose, based in North Little Rock. “To add to the experienced Huco team, we enhance our data offerings, expanding support for…
Huco offers services to customers in multiple industries to help them better monitor their environmental impacts, including carbon footprint, improve employee safety and reduce compliance risk.
Montrose is an environmental services company focused on supporting commercial and government organizations. The company has more than 2,500 employees across 75 locations worldwide.
— Andrew Moreau
ArcBest CFO Cobb
retire next year
David Cobb, longtime chief financial officer for trucking and logistics company ArcBest, will retire in October, the company said Monday.
Cobb has been with Fort Smith-based ArcBest since 2006 and has been chief financial officer since 2015. He has also held accounting and finance positions in the oil and gas industry.
“During his time at ArcBest, David made significant and meaningful contributions to our company. His collaborative spirit was invaluable in transforming ArcBest into a leading logistics company,” said Judy R. McReynolds, ArcBest chairman, president and CEO, in her statement.
During Cobb’s time at the company, ArcBest saw annual revenue go from $1.9 billion in 2006 to more than $5 billion in the last twelve months.
“I am fortunate to have worked for the past 17 years at ArcBest where we truly have some of the best people in the business. It has been an honor to be the CFO of ArcBest,” said Cobb.
— John Magsam
Closes state index
at 809.30, up 7.51
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, closed Monday at 809.3o, up 7.51 points.
“The week started strong for US stocks with the major media rallying one and a half percent as investors braced for a busy week ahead with today’s inflation report and Wednesday’s Federal Reserve interest rate decision,” said Chris Harkins, managing director at Raymond James. & Partners.
The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of December 30, 1997.