TRC Companies, Inc., a recognized leader in engineering, consulting and construction management services to the energy, environmental and infrastructure markets, today announced that it has acquired Heschong Mahone Group, Inc. (HMG), a leader in building science, policy development and program management in energy efficiency. Financial terms of the agreement were not disclosed. The transaction is expected to be immediately accretive in the third quarter of fiscal 2013.
Energy efficiency represents a core growth market for TRC, and HMG is a top provider of consulting services for that market,” said TRC Chairman and Chief Executive Officer Chris Vincze. “As one of the most experienced energy efficiency firms on the West Coast and a long-term supplier to the three largest utilities in California, the addition of HMG to our team will greatly strengthen our presence in that geography. The acquisition also closely aligns with our strategy to grow our Energy and Environmental businesses, expand the capabilities of each practice and cross-sell our broad spectrum of services.”
TRC’s Energy Efficiency National Practice Leader Frank Reilly said, “HMG brings a valuable portfolio of clients to TRC, as well as new service offerings that include Program Measurement & Evaluation, Codes & Standards Development, and Emerging Technology Assessment. Over the past year, we have collaborated with the HMG team on several large projects including efficiency programs for NYSERDA. Led by Lisa Heschong and Douglas Mahone – two nationally recognized pioneers in energy efficiency – HMG’s staff consists of approximately 40 highly skilled analysts with broad technical expertise and management experience. We look forward to their contributions to the growth of our energy efficiency business.”
Lisa Heschong, Managing Principal at HMG, said, “By joining TRC, together we will strengthen our position at the forefront of the energy efficiency market. We believe this transaction will be beneficial for both our customers – who will have access to expanded service capabilities and nation-wide experience – and our employees – who will have access to a larger organization with more resources and additional career growth opportunities.”
Douglas Mahone, Managing Principal at HMG, said, “Since our founding in 1993, HMG has earned a reputation as a leader in energy efficiency. TRC is a respected peer and shares the same values and commitment to innovation and service excellence as HMG. We look forward to realizing the full potential of our combined organization.”
The HESCHONG MAHONE GROUP, INC. (HMG) provides professional consulting services in the field of building energy efficiency. HMG specializes in applying its knowledge of building design, construction technology, program design and policy development to the problem of making populations of buildings more energy efficient. The firm offers direct, personal service to its clients. Broad experience with both utility and government clients allows HMG to provide customized, expert consulting services tailored to the needs of the project, its budget and schedule.