TRC

Recent News & Press Releases

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TRC Becomes Major Tulsa Employer With Acquisition of Willbros Professional Services

TRC and Chamber of Commerce Open House Draws City Officials for Formal Welcome


From left to right: County Commissioner Karen Keith; Mike Neal, CEO Tulsa Regional Chamber; Tulsa Mayor Dewey F. Bartlett; Ed Wiegele, SVP and Pipeline Services Sector Director, TRC; Chris Vincze, Chairman & CEO, TRC; Lannie McNeill, Senior Technical Advisor, TRC

– January 20, 2016 – TRC Companies, Inc. and the Tulsa Regional Chamber today hosted an open house and ribbon-cutting ceremony, to welcome the Willbros Professional Services staff to the TRC family and to introduce the newly expanded company to the greater Tulsa community. During the event, Tulsa Mayor Dewey F. Bartlett Jr., TRC leadership and local government officials discussed the impact of the acquisition for the Tulsa community and for the Company’s clients.

TRC, a recognized leader in engineering, environmental consulting and construction-management services, acquired the professional services business segment of Willbros late last year. The new TRC business unit, “Pipeline Services,” positions TRC as the leading provider of end-to-end solutions in both the power and oil & gas markets.

Speakers at the event included Dewey F. Bartlett Jr., Mayor of the City of Tulsa; Mike Neal, President and CEO of the Tulsa Regional Chamber; Chris Vincze, Chairman & CEO of TRC; Ed Wiegele, Senior Vice President and Pipeline Services Sector Director at TRC (formerly President of Willbros Professional Services); and Scott Pruitt, Oklahoma Attorney General.

“We couldn’t be happier to be here in Tulsa today, welcoming our new colleagues and introducing TRC to the community,” Vinzce said. “The merger of our organizations is transformational for both of our businesses. We are truly ‘better together,’ with expanded capabilities to serve the oil and gas market at a time when cleaner natural gas solutions are pivotal to our collective energy future. We are focused on providing immediate and long-term value to all of our clients and are committed to helping the Tulsa business community continue to grow.”

“Tulsa is home to several major industries, including oil and gas, and the region has the greatest growth and employment concentration in the country,” Neal said. “We are confident TRC will be a valuable partner as we continue to expand our workforce and boost economic development for years to come.” 

Headquartered in Tulsa, OK, and led by Ed Wiegele, TRC Pipeline Services has approximately 750 employees in nine offices nationwide. It has a premier reputation as a provider of innovative pipeline and facilities engineering, EPC/EPCM, field services and integrity services to the oil and gas transmission and midstream markets, as well as at government facilities. The segment’s 2014 gross revenue was approximately $209 million. 


A pioneer in groundbreaking scientific and engineering developments since the 1960s, TRC is a national engineering, environmental consulting and construction management firm that provides integrated services to the energy, environmental, infrastructure and pipeline services markets. TRC serves a broad range of commercial, industrial and government clients, implementing complex projects from initial concept to delivery and operation. TRC delivers results that enable clients to achieve success in a complex and changing world. For more information and updates from the Company, visit TRC's website at www.TRCsolutions.com and follow TRC on Twitter at @TRC_Companies and on LinkedIn.

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Tulsa World: "Ceremony celebrates TRC's expansion to Tulsa"

The banner stretched across the front doors of 2087 E. 71st St. on Wednesday morning read “Better Together — TRC and Willbros Professional Services.”

And together Chris Vincze, chairman and CEO of Massachusetts-based TRC Companies Inc., and Ed Wiegele, a former Willbros employee and current senior vice president of TRC Pipeline Services, cut the ribbon.

Read the full article and event coverage on the Tulsa World website. 

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PennEnergy: "Better Together: TRC makes Willbros Professional Services acquisition official"

TRC Companies, Inc. and the Tulsa Regional Chamber hosted an open house and ribbon-cutting ceremony to welcome the Willbros Professional Services staff to the TRC family, and to introduce the newly expanded company to the greater Tulsa community.

TRC, a recognized leader in engineering, environmental consulting and construction-management services, acquired the professional services business segment of Willbros late last year. The new TRC business unit, "Pipeline Services," positions TRC as the leading provider of end-to-end solutions in both the power and oil & gas markets.

Read more in the full PennEnergy article here.

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Press Release

TRC Teams With BQ Energy for Award-Winning Solar Installation

TRC Teams With BQ Energy for Award-Winning Solar Installation

LOWELL, MA--(Marketwired - Jan 13, 2016) TRC Companies, Inc. (NYSE:TRR), a recognized leader in engineering, environmental consulting and construction management services to the energy, environmental and infrastructure markets, is pleased to have teamed with BQ Energy to develop the PatterSun solar installation, a project that recently received a 2015 Chairman's Award from The Business Council of New York. The project is a Megawatt-scale solar energy farm constructed on the surface of a capped landfill in Patterson, New York in Putnam County. It's the first of its kind to be constructed on a municipal solid waste landfill in the state. TRC originally completed the first project of this nature in Massachusetts and now performs similar services throughout the entire country.

"TRC is committed to supporting the development of innovative solutions that encourage clean energy, energy reliability and environmental sustainability, and we're very proud to have been part of the project team for this venture," said Chris Vincze, Chairman and Chief Executive Officer. "The PatterSun project is groundbreaking in the way that it allows both the solar farm and the underlying landfill to coexist, creating a dual-purpose facility that will provide continued, tangible benefits to residents of the state."

To ensure the project came to fruition, TRC led the environmental permitting, engineering design and landfill oversight and worked closely with the New York State Department of Environmental Conservation (NYSDEC) and the New York City Department of Environmental Protection (NYCDEP), to obtain approval to construct solar arrays through two phases of installations on a former municipal solid waste landfill site. To comply with all permitting regulations, the project deployed above-ground ballasted foundations, which prevent contact between the solar farm and the underlying waste material.

Due to the Town of Patterson's location in the New York City watershed, TRC also developed a Stormwater Pollution Prevention Plan, which was reviewed and approved by NYCDEP, to ensure that the solar design would limit impact to the existing landfill.

The PatterSun landfill solar project contains over 3,000 individual solar panels, and in the first months of production, generated 918 Megawatt-hours of energy. By comparison, the same level of power production would have required 698 tons of CO2, 28 tons of methane and 455,095 gallons of water.

The Business Council of New York State, Inc., is the leading business organization in New York State, representing the interests of large and small firms throughout the state. Its membership is made up of thousands of member companies, as well as local chambers of commerce and professional and trade associations. Though 72 percent of their members are small businesses, they also represent some of the largest and most important corporations in the world, including IBM, Verizon, Eastman Kodak, Citigroup, JP Morgan Chase, Corning, Pfizer and many more. All told, Business Council members employ more than 1.2 million New Yorkers. For more information please visit www.bcnys.org or contact at 518.465.7511.

BQ Energy is a worldwide leader in renewable energy projects on brownfields and landfills, and was founded in 2002. They have developed award winning renewable energy projects throughout the US. Solar projects in operation and construction and development on landfills and brownfield in New York State, Connecticut, Massachusetts, and Maryland. They have developed over 100 MW of wind based projects on brownfields in the US and in Europe. BQ Energy projects are featured prominently in publications by the US EPA and various State agencies as well. BQ Energy is based in Poughkeepsie, NY. For more information please visit www.bqenergy.com or contact at 845.473.0300.

A pioneer in groundbreaking scientific and engineering developments since the 1960s, TRC is a national engineering, environmental consulting and construction management firm that provides integrated services to the energy, environmental, infrastructure and pipeline services markets. TRC serves a broad range of commercial, industrial and government clients, implementing complex projects from initial concept to delivery and operation. TRC delivers results that enable clients to achieve success in a complex and changing world. For more information and updates from the Company, visit TRC's website at www.TRCsolutions.com and follow TRC on Twitter at @TRC_Companies and on LinkedIn.

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TRC Completes Environmental Permitting for One of Nation’s Largest Coal-to-Natural Gas Power Conversion Projects

1,100+ MW Hummel Station Facility Expected to Be Online in 2018

LOWELL, Mass. (Jan. 7, 2016) TRC Companies, Inc. (NYSE: TRR) today announced that it was responsible for providing air and water permitting services for Panda Hummel Station, one of the largest coal-to-natural gas power conversion projects in the United States. Located in Shamokin Dam in Snyder County, Pennsylvania, Hummel Station will be an efficient, natural gas combined cycle generating facility. It will replace the 65-year-old retired Sunbury coal-fired steam electric generating plant, which was permanently shut down in 2014. Hummel Station was developed by Panda Power Funds and Sunbury Generation LP, in a joint venture. The project was financed at the end of October 2015.

“TRC is proud to support the development of this clean energy project,” said Chris Vincze, TRC Chairman and CEO. “We are committed to providing high-quality services that not only satisfy our clients’ needs to provide more reliable, cost effective and clean energy, but also promote a more sustainable environment for the entire community.” 

When Hummel Station comes online in early 2018, the plant will supply major power markets, including Philadelphia and New York. The project is expected to create hundreds of jobs, power approximately 1 million homes, decrease emissions of SO2 and NOx by more than 90 percent, and use 97 percent less cooling water than the retired, coal-fired power plant. 

Siemens Energy will provide the power island package and Bechtel Power Corp. will serve as the Engineering, Procurement, Construction (EPC) contractor for the 1,100+ MW Hummel Station. The generating station will interconnect to pipelines with access to the Marcellus Shale gas formation.

TRC has been providing environmental consulting services to Sunbury Generation LP since 2006, having secured permits and approvals for a voluntary pollution control project at its now-retired, coal-fired power plant. In 2011, TRC began providing air and water permitting services in support of the coal-to-natural gas power conversion project. TRC secured one of the most critical pre-construction permits, the necessary air Plan Approval, by preparing the air emissions calculations and air permit application and participating in regulatory outreach with the Pennsylvania Department of Environmental Protection.

A leader in providing multimedia licensing and environmental services for the power generation sector, TRC has provided environmental and air quality permitting services for tens of thousands of megawatts of natural gas-fired power generation projects developed by independent power producers and utilities.


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Boston Globe: "Lowell company TRC wraps up $130 million deal to buy pipeline services firm"

As CEO of Lowell-based TRC Cos., Chris Vincze has engineered 10 acquisitions in the past five years. But none of them comes close to this one.

On Tuesday, TRC wrapped up its $130 million purchase of Willbros Group’s professional services business. TRC, an engineering and construction management firm, will turn the acquired business into its pipeline services division.

Buying the Willbros business — a Tulsa, Okla.-based operation that offers a range of pipeline construction and maintenance services — will bring at least $200 million in annual revenue and about 850 employees into TRC’s fold. By comparison, TRC has about 3,300 employees, and it reported $546 million in revenue in its last fiscal year.

Please read the full Boston Globe article here.

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Tulsa World: "Massachusetts firm acquires Tulsa-based Willbros Professional Services"

TRC Companies, Inc., a Massachusetts-based integrated services firm, announced Tuesday that it has completed the acquisition of Willbros Professional Services, a Tulsa-based business segment of Willbros Group.

Ed Wiegele, who was previously with the business and will stay on as senior vice president of TRC Pipeline Services, said that operations will remain in Tulsa.

“We’re committed to Tulsa,” Wiegele said. “We’ve been here a long time, and we want to grow in the Tulsa area.”

TRC Chairman and CEO Christopher P. Vincze also emphasized the likelihood of expanding the workforce in the area.

Read the full Tulsa World article here.

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Press Release

TRC Completes Acquisition of Willbros Professional Services

Acquisition expands growth opportunities in Oil and Gas nationally

LOWELL, MASS. – Dec. 1, 2015 -- TRC Companies, Inc. (NYSE: TRR), a recognized leader in engineering, environmental consulting and construction management services to the energy, environmental and infrastructure markets, announced today that it has completed the previously announced acquisition of the Professional Services business segment of Willbros Group (NYSE: WG) in an all cash transaction valued at $130 million. TRC expects the transaction to be accretive to fiscal 2016 EBITDA (before one-time transaction and integration expenses) and to Fiscal 2017 net income. Willbros Professional Services becomes the fourth operating segment in the TRC portfolio and will be called “Pipeline Services.”

“Willbros Professional Services is a transformational acquisition for TRC, continuing our profitable growth strategy of investing in complementary businesses with strong market fundamentals,” said TRC Chairman & Chief Executive Officer Christopher P. Vincze. “We anticipate a rapid and smooth integration. Our sales development teams already have begun working on new project opportunities, and clients are applauding the introduction of our new platform.

“The addition of Pipeline Services as the fourth operating segment in our portfolio positions TRC as the leading provider of end-to-end solutions in both the Power and Oil & Gas markets,” Vincze said. “We believe the combination of our two businesses will provide immediate and long-term value to our clients. We welcome Willbros Professional Services to our team.”

About TRC’s Pipeline Services (formerly Willbros Professional Services)

Headquartered in Tulsa, OK, and led by Ed Wiegele, SVP, TRC Pipeline Services has approximately 850 employees in nine offices, nationwide. It has a premier reputation as a provider of innovative pipeline and facilities engineering, EPC/EPCM, field services and integrity services to the oil and gas transmission and midstream markets, as well as at government facilities. The segment’s 2014 gross revenue was approximately $209 million.

About TRC

A pioneer in groundbreaking scientific and engineering developments since the 1960s, TRC is a national engineering, environmental consulting and construction management firm that provides integrated services to the energy, environmental, infrastructure and pipeline services markets. TRC serves a broad range of commercial, industrial and governmental clients, implementing complex projects from initial concept to delivery and operation. TRC delivers results that enable clients to achieve success in a complex and changing world. For more information and updates from the Company, visit TRC's website at www.TRCsolutions.com and follow TRC on Twitter and StockTwits at @TRC_Companies and on LinkedIn.

Forward-Looking Statements

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TRC’s Richard Burke Appointed to Board of Trustees of The Academy of Board Certified Environmental Professionals

LOWELL, MA -- (November 2, 2015) – TRC Companies, Inc., a national engineering, environmental consulting and construction management firm, is pleased to announce that Richard Burke, a Practice Leader in Irvine, California, has been appointed to the Board of Trustees for the Academy of Board Certified Environmental Professionals (ABCEP.)  The ABCEP is a leading organization certifying environmental professionals, maintaining exemplary standards of ethics and technical practice and supporting individuals, their profession and the public who rely upon their services.

“It is an honor to have been elected to the Board of Trustees,” said Burke. “The Academy of Board Certified Environmental Professionals is known throughout the industry as the gold standard when it comes to advancing and upholding environmental ethics and technical practice. I look forward to working with the Academy to further thought leadership in the area of environmental compliance.”  

Richard Burke has over 35 years of experience in managing environmental planning, permitting and compliance practices, and in serving major TRC clients in the capacity of technical, project and program management. He provides environmental services to local, state and federal government agencies, and private organizations and has provided training on implementing environmental requirements.

“In today’s highly complex regulatory landscape, clients look to TRC to maintain environmental compliance. Richard’s broad experience enables him to understand client needs at municipal, state, and federal levels,” said Charles Katz, Vice President of Planning, Permitting and Licensing at TRC. “This appointment is an honor and demonstrates Richard’s in-depth involvement and expertise within the environmental industry.”

Mr. Burke has particular experience leading teams that enable clients to comply with the California Environmental Quality Act (CEQA), National Environmental Policy Act (NEPA) and other state and federal environmental regulations. As a Certified Environmental Professional, Richard promotes best practices for environmental management and teaches an advanced degree class in CEQA and NEPA at Loyola Marymount University.

About the ABCEP

The Academy of Board Certified Environmental Professionals is a voluntary association headed by a Board of Trustees. The Board is composed of twelve at-large elected members from the environmental field and one ex-officio member, all of which are members of ABCEP and are CEPs in good standing. Through a committee management structure, Trustees conduct strategic planning, establish policy and procedures, prepare and implement plans and play an active role in building the success of ABCEP and its CEP Membership. Management of ABCEP is conducted using both standing committees and ad-hoc committees.  Six committees were established to begin formulating implementation plans for advancing ABCEPs strategic priorities. Committees established include: Membership Services, Pre CEP, Certification Review Board, Marketing/Recognition, Communications and the Executive Team.

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TRC Awarded Substation EPC Project by National Grid

Company will provide engineering, procurement and construction services

LOWELL, MASS. – October 22, 2015 -- TRC Companies, Inc. (NYSE: TRR), a recognized leader in engineering, consulting and construction management services to the energy, environmental and infrastructure markets, announced today it has been awarded a contract to engineer, procure and construct a new electric substation in downtown Providence, Rhode Island, to replace National Grid’s existing South Street Station. This award represents the primary outsourced solution to completing a four-year, multi-faceted project, which includes the installation of 165 Megawatts of 115kV transformation. The new substation will support National Grid’s customers, including the City of Providence and much of the downtown Providence area, with safe, efficient and reliable electricity for years to come.

“TRC is proud to expand our long-standing relationship with National Grid by supporting them on this critical project,” said Chris Vincze, Chairman and Chief Executive Officer. “As energy companies continue to tackle the issue of aging infrastructure and reliable service, TRC is dedicated to providing our utility clients with technical expertise and creative solutions to better serve their customers and the communities in which they work.”

Under the contract, TRC will construct a new South Street Substation. Among other things, the work is planned to include an all new Control and Switchgear Building and adjacent yard; conversion of existing overhead line supply circuits to underground cable circuits; re-route of the existing underground feeder facilities to the new substation; performance of related substation modifications at remote substation terminals; and removal of existing overhead line circuits, unused portions of existing feeder getaways and substation facilities including the existing switchgear building.

Replacing the aging substation with new equipment and materials will improve efficiency and support National Grid’s delivery of safe and reliable electricity to its customers. The project will also improve the environment and enhance skyline and river views by removing existing steel transmission towers.

Design and engineering for the project has begun and is expected to be complete in early 2016. The project is well into the permitting phase for regulatory and municipal approvals. The remaining construction, transmission installation and demolition activities will take place over three years and will commence upon receiving all needed permits. The new station is expected to be fully functional and the site restored to its original state by the end of summer 2019.

Forward-Looking Statements

Certain statements in this press release may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You can identify these statements by forward-looking words such as "may," "expects," "plans," "anticipates," "believes," "estimates," or other words of similar import. You should consider statements that contain these words carefully because they discuss TRC’s future expectations, contain projections of the Company’s future results of operations or of its financial condition, or state other "forward-looking" information. TRC believes that it is important to communicate its future expectations to its investors. However, there may be events in the future that the Company is not able to accurately predict or control and that may cause its actual results to differ materially from the expectations described in its forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, and actual results may differ materially from those discussed as a result of various factors, including, but not limited to, the uncertainty of TRC’s operational and growth strategies; circumstances which could create large cash outflows, such as contract losses, litigation, uncollectible receivables and income tax assessments; regulatory uncertainty; the availability of funding for government projects; the level of demand for TRC’s services; product acceptance; industry-wide competitive factors; the ability to continue to attract and retain highly skilled and qualified personnel; the availability and adequacy of insurance; and general political or economic conditions. Furthermore, market trends are subject to changes, which could adversely affect future results. See the risk factors and additional discussion in TRC’s Annual Report on Form 10-K for the fiscal year ended June 30, 2015, and other factors included from time to time in the Company’s other subsequent filings with the Securities and Exchange Commission.


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