TRC

Recent News & Press Releases

Press Release

TRC Acquires Air Emissions Testing Business from GE

LOWELL, MASS. – 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 the assets of GE’s Air Emissions Testing business.As part of the transaction, TRC has also entered into a three-year master service agreement with GE Power & Water. GE’s Air Emissions Testing business generated annual revenue of approximately $12 million.

“The air testing business remains a core element in TRC’s offerings and has been since our founding more than four decades ago,” said TRC Chairman and Chief Executive Officer Chris Vincze. “The air emissions testing market is estimated at $500 million annually. This acquisition furthers our strategy of building strength in the most promising areas of our Energy and Environmental businesses.”

“With approximately 55 employees, GE’s Air Emissions Testing business will bring significant technical expertise to TRC,” said TRC’s National Air Measurements Practice Leader Jeffrey Burdette. “Equally as important, this transaction substantially expands our footprint in the Midwest and Southeast. GE’s Air Emissions Testing business also brings a number of key client accounts to TRC, including GE Power & Water.”

Bruce Randall, GE’s Air Emissions Testing Product Leader who is part of the team joining TRC, said, “We are enthusiastic about joining TRC and look forward to offering superior service to our clients through our combined organizations.”

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TRC Acquires Energy Efficiency Consulting Firm Heschong Mahone Group, Inc.

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.”

About HMG

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.

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Central Maine Power awards substation engineering project to TRC

LOWELL, MASS. – TRC Companies, Inc. has been awarded a $980,000 contract by Central Maine Power (CMP) to provide professional design and engineering services, project management, construction management, testing and commissioning for the development of the Ludden Lane substation in Canton, Maine. When complete, the substation will connect the Saddleback Mountain wind farm to CMP’s transmission grid to deliver clean, renewable energy across Maine.


“TRC is proud of our long standing relationship with CMP and our continued work on projects that improve power deliveryto the residents of Maine,” said Chris Vincze, Chairman and Chief Executive Officer. “Our engineering solutions support clients in their goals to add clean energy resources to the overall power mix so they can achieve increased reliability and improved service for their customers, and foster a healthier environment for their community.”

Under the contract, TRC will design all required substation structures, switches, bus/conduit, foundations, grounding, lightning shielding, control house, protection and controls equipment, relay settings, and fencing. The project is expected to be complete in October 2013.

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TRC Awarded Program Management Contract by Efficiency Maine

LOWELL, MASS. – TRC Companies, Inc. today announced that it has been awarded a multi-year contract to deliver program management services for Efficiency Maine’s Multifamily Efficiency Program. The initiative aims to reduce energy consumption by 20 percent by providing comprehensive retrofit services to 1,800 apartment units across the state.

“TRC is proud to support Efficiency Maine in their efforts to reduce energy consumption in multifamily housing units,” said Chris Vincze, Chairman and Chief Executive Officer. “This initiative will not only help building owners and tenants save money and improve the comfort of their homes, but the project also has tremendous benefits for the environment and local economy. Our experts are committed to Efficiency Maine’s success in achieving these benefits for communities across Maine.”

The Multifamily Efficiency program will target small to medium buildings with 5-20 apartment units. Buildings selected to participate will be benchmarked and audited by approved Program Partners. Building owners will receive recommendations for specific efficiency projects to implement as well as rebates that offset a portion of the installation costs. Efficiency Maine will also coordinate with Maine lenders to provide additional financing assistance to support project completion.

“In awarding this contract to TRC, we can assure our customers that they will receive the best advice on how to update their multi-unit housing so that energy efficiency delivered for dollars spent is optimized,” said Rick Meinking of Efficiency Maine. “Reducing energy consumption and waste are our goals, and consumers who participate in energy efficiency programs provide long-term economic benefits to the community.”

As manager of the Multifamily Efficiency Program, TRC will conduct final program design and implementation activitiesincluding development of program documents; management of application process; development, management and training of Program Partner network staff conducting energy audits and project financial analyses; ensure quality control; and generally oversee the program’s success.

TRC manages similar multifamily programs in New York for the New York State Energy Research and Development Authority and for the New Hampshire Housing Finance Authority.

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TRC Announces Establishment of London Office as TRC Companies Ltd.

LOWELL, MASS. - TRC Companies, Inc. today announced it will open an office in London, operating under the name, TRC Companies Ltd.

“We are excited to bring to the London marketplace the unique delivery of services and work products of TRC Companies Ltd.,” said TRC Chairman and Chief Executive Officer Chris Vincze. “This marks for us a significant step in TRC’s long-term global growth initiative, and we look forward to company growth through project opportunities in Europe, the Middle East, Africa and Asia.”

Vincze continued, “Our initial focus in London will be in the transactions area focusing on environmental risks on the buy and sell sides. In addition, we will be addressing Environmental Social Governance (ESG) issues, which will be of particular interest to the investor community there.”

John Payne, the founder and principal of The Payne Firm, Inc. and currently Senior Vice President at TRC, will serve as Director of the London office, which opens for business on July 16, 2012. Day to day operations in London will be managed by Senior Program Manager Will Nitch-Smith.

TRC acquired The Payne Firm, Inc. in September 2011. Payne had formerly been operating in London for three years, building relationships in the private equity and law firm communities, providing deal advisory services and post-acquisition support for clients in portfolio companies.

“The London office team already has years of transaction experience with many of the private equity Global 50, so there will now be a dedicated team of professionals to serve their needs in the U.K. and European marketplaces,” said Payne.

As a founding developer of the Eco-Value-Screen methodology for screening ESG opportunities during due diligence, the TRC Companies Ltd. team has years of experience successfully executing the process, identifying opportunities in diligence, and developing execution plans for implementing environmental improvements post-acquisition.

“Since TRC acquired The Payne Firm, our combined strength of services has provided us with an opportunity for significant growth,” said Payne. “Our talented team of professionals looks forward to delivering not only the trusted advisory services that built the former Payne Firm into a respected brand, but also the broader range of TRC’s environmental expertise to clients in the U.K. and across Europe.”

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TRC Begins Final Phase of I-40 Mississippi River Bridge Seismic Retrofit Project

LOWELL, MASS. - TRC Companies, Inc. has been awarded a construction engineering inspection contract by the Tennessee Department of Transportation (TDOT) in support of Phase 9 of the I-40 Mississippi River Bridge seismic retrofit project. TRC has been involved in the project since it began in 1992.

As one of only two crossings of the River in the Memphis area, the I-40 Mississippi River Bridge is a vital transportation, commerce and defense link between Tennessee and Arkansas. It carries 60,000 vehicles daily including much of the nation’s east-west interstate trucking traffic. The Bridge sits along an active fault zone.

“TRC is proud of our long term relationship with the Tennessee and Arkansas Departments of Transportation,” said Chris Vincze, Chairman and Chief Executive Officer. “Our expert engineers are dedicated to improving the safety of the I-40 Bridge and restoring a critical piece of transportation infrastructure that supports both the regional economy and local community.”

The final phase of the project, Phase 9, consists of the seismic retrofit of structures in the Arkansas portion of the Bridge. Under the contract for this work, TRC will oversee the retrofit of an existing P/S I-girder relief bridge consisting of 16 spans, as well as an existing welded plate girder relief bridge consisting of 7 spans. The work will be conducted in a fashion that allows the Bridge’s four lanes of traffic (two in each direction) to remain open. The final construction phase is expected to last through March 2015.

The I-40 Bridge is 3.3 miles long, including the main channel spans, approaches, and ramps. The structure is comprised of 164 spans, 160 piers, and 10 abutments. TRC has provided engineering services for all phases of the project including seismic analysis, retrofit design and retrofit construction.

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TRC Welcomes Robert Callender as Vice President

LOWELL, MASS. – TRC Companies, Inc. is pleased to welcome Robert Callender as a Vice President in its Clifton Park, NY office. In this role, he will work closely with a variety of TRC utility clients and utility commissions across the United States to design and implement energy efficiency programs.

“We are excited to welcome Bob to TRC,” said Frank Reilly, Senior Vice President, Energy Services. “His expertise in energy efficiency programs and economic development adds depth to TRC’s capabilities in these areas, helping us deliver superior solutions to our clients.”

Nationally recognized as a progressive leader in energy, Callender has over 20 years of experience as an innovator in energy policy and its implementation in the market. Prior to joining TRC, Callender was the Vice President of Programs for the New York State Energy Research and Development Authority (NYSERDA) where he oversaw NYSERDA’s suite of energy efficiency programs. He was instrumental in introducing the whole building approach to New York’s efficiency programs as well as developing innovative program financing mechanisms.

“TRC has a long and proud history of being a leader in the energy, environmental and infrastructure markets across the country,” said Robert Callendar. “From working with federal and state governments on implementing and delivering energy efficiency programs, to helping its customers develop innovative solutions to challenging energy and environmental problems, TRC continues to lead the way, and I am pleased to be part of this outstanding organization.

Callender held several positions during his 24 year career at NYSERDA, including acting president and CEO. Among his accomplishments are: managing the growth of the organization from $80M per year to $650M per year; overseeing the development and implementation of New York’s Regional Greenhouse Gas Initiative; leading the design, development, financing and construction of the Saratoga Technology and Energy Park, the nation’s first clean energy, knowledge based technology park; creating NYSERDA’s economic development unit to support energy-related economic development; and expanding NYSERDA’s portfolio to include public benefits programs designed to provide energy efficiency, low income services, research and development, environmental protection programs, renewable portfolio standards and energy policy analysis.

Callender has a bachelor’s degree in government and management from American University in Washington, D.C., and a master’s degree in public administration from the State University of New York at Albany.

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TRC Engages Ridge Global as Strategic Advisor

LOWELL, MASS. – TRC Companies, Inc. has engaged Ridge Global LLC as a strategic advisor in support of business consulting in the Commonwealth of Pennsylvania and neighboring states. The partnership will expand relationships and teaming opportunities, and support deeper engagement and enhanced service for current and prospective TRC customers in the region.

Ridge Global is led by Tom Ridge, the first secretary of the U.S. Department of Homeland Security and former governor of Pennsylvania, and offers international expertise in the areas of energy, security and infrastructure protection, risk and maritime management, emergency preparedness and response, and strategic growth.

Tom Ridge meet Chris Vincze

TRC Companies has engaged Ridge Global as a strategic advisor. Ridge Global’s Founder and CEO, and former U.S. Secretary of Homeland Security, Tom Ridge (left) shakes hands with TRC’s Chairman and CEO Chris Vincze (right).

“TRC’s relationship with Ridge Global is an exciting development for our company and our clients,” said Chris Vincze, Chairman and Chief Executive Officer. “Ridge Global’s broad level of expertise will augment our ability to respond to the unique political, economic and cultural framework that shapes the way business is conducted in Pennsylvania and surrounding states. With the support of Ridge Global, TRC is well positioned to deliver creative energy and environmental solutions to an increasing number of customers, markets and industries.”

“We’re delighted to be associated with TRC,” said Tom Ridge, founder and CEO of Ridge Global. “We look forward to putting our strategic capabilities to work in support of its efforts in the Marcellus region.”

TRC has Pennsylvania offices in the cities of Pittsburgh, Harrisburg, Export, Philadelphia, Plymouth Meeting, and Allentown in addition to locations throughout Ohio, West Virginia, Maryland, New York and New Jersey. The Company’s work includes construction engineering and inspection; geotechnical engineering; and environmental services for upstream, midstream, downstream and power generation projects. TRC is a member of Pennsylvania’s Marcellus Shale Coalition.

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TRC Announces Strategic Partnership with EORM

LOWELL, MASS. – TRC Companies, Inc. today announced that it has formed a strategic partnership with EORM, a leading provider of environmental, health, safety and sustainability (EHS) consulting services based in San Jose, California. Under the agreement, TRC will acquire all assets of EORM’s East Region Operations based in Danvers, Massachusetts. Financial terms of the agreement were not disclosed.

EORM provides a comprehensive range of strategic, management and technical EHS and sustainability consulting solutions including assessment, compliance, risk management, reporting, training and communication. EORM’s East Region Operations serves a client base primarily within the manufacturing sector.

“The acquisition of EORM’s East Region Operations is a great fit and further enhances TRC’s position in the Environmental Management, Sustainability and Safety market and within the industrial sector as a whole complementing our recent acquisitions of RMT Environmental and The Payne Firm,” said Chairman and Chief Executive Officer Chris Vincze. “These markets represent an attractive growth opportunity for TRC as business and industry contend with an increasing array of environmental regulations, corporate requirements, and stakeholder expectations for transparency. EORM’s East Region consulting services will add depth to our own Environmental Management and Sustainability (EMS) services, strengthening our cross-selling opportunities and ability to pursue larger, high-margin projects through our combined operations. EORM has an outstanding reputation in the markets it serves and we welcome their talented staff to TRC.”

Glenn B. Fishler, President and CEO of EORM, said, “TRC is a highly regarded company with a well-earned and established reputation in the industry. EORM’s clients will benefit from TRC’s depth of environmental service offerings, expertise and customer-focused business philosophy. This deal allows EORM to continue to focus its strategic growth in the Western United States while partnering with a national firm in areas that will be mutually beneficial. Our East Region Operations staff looks forward to joining TRC and operating as part of a larger company with a strong EMS growth strategy that will provide added services and value to our clients.”

This strategic partnership leverages the geographic locations and consulting strengths of TRC’s and EORM’s offices to give both firms added depth and reach. It enables EORM to better serve their existing clients’ East Coast and Mid-West needs; adds to TRC’s Environmental Management Sustainability services and resources on the West Coast; and, together, enables the two firms to partner nationally on a full range of project types.

Vincze concluded, “This partnership with EORM represents another milestone as we execute on our growth strategy, which strikes a balance between investing in organic growth, strategic partnerships and acquisitions to drive profitability and value to our clients and shareholders.”

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TRC Joins Marcellus Shale Coalition

LOWELL, MASS. – TRC Companies, Inc. has joined the Marcellus Shale Coalition to support the responsible development of natural gas resources from the Marcellus and Utica geological formations. As an Associate Member, TRC will provide Coalition partners with environmental consulting and engineering expertise to help them successfully complete their projects and maintain compliance.

“At TRC, our goal is to provide unsurpassed value to our oil and gas clients by seamlessly delivering integrated, full-service support across our energy, environmental, and infrastructure business platform,” said Scott Reed, Director of Oil and Gas Services. “The Marcellus Shale Coalition’s dedication to the safe, environmentally responsible development of domestic energy sources that grow not only the local economy, but have the potential to impact the prosperity of our nation, is aligned with this goal, and we look forward to positively contributing to its mission.”

TRC provides complete environmental and engineering services to the oil and gas industry, including frac water treatment; environmental due diligence and compliance management; air testing, modeling and permitting; pipeline permitting and inspection; LNG storage; road and bridge construction; health and safety planning; and local, state and federal agency consultation.

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