TRC

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Press Release

TRC Wins Two Business Achievement Awards

TRC Companies, Inc. received two 2011 Business Achievement Awards from the Environmental Business Journal in the categories of Mergers and Acquisitions and Project Merit.

“TRC is proud to be recognized as a leader among our peers in the industry,” said Chris Vincze, Chairman and Chief Executive Officer. “We strive for Performance Excellence with regard to all our activities and initiatives. As we continue to grow our business and expand our offerings, we remain committed to our vision of solving the challenges of making the world a better place to live- community by community and project by project.”

In the category of Mergers and Acquisitions, TRC earned a silver medal for its execution of a highly successful acquisition program to support the company’s growth strategy. The 2011 acquisition of three firms -- Alexander Utility Engineering (AUE), the Environmental Business Unit of RMT, and the Payne Firm -- added depth and capability to TRC’s service portfolio, expanded reach into new markets, and strengthened the company’s presence in key geographical areas.

TRC was also honored in the category of Project Merit for providing environmental and engineering consulting support to the city of Haverhill, Massachusetts, in its effort to transform an abandoned, contaminated former automobile repair and refueling site into a 127,000 square foot parking garage with a pedestrian walkway that connects downtown with many transportation hubs. TRC worked closely with the city to manage all environmental and engineering aspects for the garage, from site investigation to remedial design and implementation through to construction. For 14 years the Environmental Business Journal has recognized outstanding business performance in the environmental industry with the Business Achievement Awards. Winners are divided by size and segment, M&A awards, new practice areas and international expansion. Outstanding projects and new technology development or applications are awarded Project Merit Awards or Technology Merit Awards. The awards will be given in an official ceremony in March.

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TRC Project Honored by Women’s Transportation Seminar

LOWELL, MASS. – TRC Companies, Inc. was honored on December 6, 2011 by the Orange County Chapter of the Women’s Transportation Seminar (WTS) for its role in the I-5 Gateway Reconstruction Project. The project received the WTS Innovative Transportation Solutions Award at the Chapter’s annual Awards and Scholarship Gala.

The I-5 Gateway project involved reconstructing and widening two miles of freeway; adding one mixed flow lane and one HOV lane in each direction; and constructing six bridges, three bridge approaches, one pump station and three retaining walls. The project was completed for the Orange County Transportation Authority (OCTA) and Caltrans District 12 through a unique public-private partnership.

“TRC is proud to be part of this innovative project to improve Orange County’s transportation infrastructure,” said Ross Lew TRC Project Manager and Engineer of Record for the northern segment of the I-5 widening in Orange County. “We are dedicated to helping clients like OCTA solve complex challenges and deliver results to the communities in which we live and work.”

TRC was responsible for project management, design oversight, stage construction design and traffic handling, and construction support. The project included an innovative use of a seal slab to prevent ground water from reaching the roadway surface, which eliminated the need to collect, treat and dispose of groundwater. Other elements also included complex shoring systems to maintain nearby rail traffic during construction and the design of a catenary system to protect a fiber optic telephone line during bridge construction.

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TRC Provides Environmental Engineering Services to Guam Power Authority

LOWELL, MASS. - TRC Companies, Inc. has kicked off a project in support of the Guam Power Authority’s (GPA) environmental compliance program. Under a multi-year contract with GPA, TRC is providing environmental engineering and technical services related to strategic environmental planning, ambient air quality monitoring and modeling, regulatory oversight, and training.

GPA provides electricity to the island territory’s 175,000 residents. It has several initiatives underway to address increased demand and strain on infrastructure related to an unprecedented and ongoing population boom caused by US military buildup.

“TRC is proud to be a part of this important environmental compliance project for the Guam Power Authority,” said Chris Vincze, Chairman and Chief Executive Officer. “As pioneers of many scientific and engineering methodologies used in the air and environmental industry today, our experts are committed to helping GPA meet its goals of delivering economical and environmentally friendly energy to its customers.”

Over the course of the contract, TRC’s work with GPA will include: formulating an overall strategic policy for environmental issues; facilitating the re-designation of non-attainment areas; performing air quality modeling for use in petition to US EPA and Guam EPA; assisting with revisions to the State Implementation Plan (SIP) for achieving compliance with the Clean Air Act; planning continued air emissions monitoring; establishing an air quality monitoring program; supporting responses to the Public Utilities Commission and other environmental regulators; and environmental permitting for GPA’s fuel diversification initiative.

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TRC Awarded $5M Contract by Orange County Transportation Authority

LOWELL, MASS. – TRC Companies, Inc. today announced that is has been awarded a $5 million contract by the Orange County Transportation Authority (OCTA) to prepare the engineering Plans, Specifications and Estimates for an HOV expansion project on Interstate 5 in Orange County, California. OCTA is adding carpool lanes to the North and Southbound sides of I-5 from Pacific Coast Highway to San Juan Creek Road in San Juan Capistrano to improve mobility, capacity and safety. This is the second major OCTA contract for TRC’s Transportation Practice in the last nine months.

“TRC is proud to have excelled in a tough competitive market, allowing us to continue our relationship with OCTA and support the I-5 expansion project,” said Chris Vincze, Chairman and Chief Executive Officer. “Our experts are committed to delivering results that support OCTA’s ability to improve Orange County’s transportation infrastructure.”

Under the contract, TRC will prepare plans and specifications for an interchange modification, the widening of four bridges, sound walls and stage construction. Recently, TRC completed the design of a similar HOV project for OCTA along I-405/I-605. TRC has supported various OCTA projects since 2004.

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TRC Awarded Environmental and Engineering Contracts by West Virginia DOH

LOWELL, MASS. – TRC Companies, Inc. has been selected by the West Virginia Department of Highways (DOH) to provide cultural resources, natural resources, bridge inspection, and engineering design services for transportation projects across the state. These four engineering and environmental contracts expand TRC’s award winning relationship with the DOH. Combined, the contracts have an estimated maximum total value of $2.5 million.

“TRC is proud to provide ongoing support to the West Virginia Department of Highways in their efforts to build, repair and maintain the State’s critical transportation infrastructure,” said Chris Vincze, Chairman and Chief Executive Officer. “Through continued excellence in delivering engineering and environmental services, we are committed to helping DOH clear important projects for construction, assist the State in meeting federal requirements, protect precious cultural and natural resources and promote public safety.”

Under the contracts, TRC will conduct archaeological investigations and mange wetland delineation on numerous projects throughout the State; perform bridge inspection and subcontractor management; and conduct roadway and bridge design, among other engineering tasks. TRC has received five Engineering Excellence Awards for past work performed for this client.

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TRC Announces Acquisition of The Payne Firm, Inc.

LOWELL, MASS. – TRC Companies, Inc. today announced that it has acquired The Payne Firm, Inc. (“Payne”). Payne is a privately held environmental consulting firm that provides full life-cycle services to the legal and financial communities and industries ranging from manufacturing and healthcare to higher education. Payne’s net service revenue for calendar year 2010 was approximately $4.7 million. The acquisition is expected to be immediately accretive. Financial terms of the transaction, which included a mixture of cash and common stock, were not disclosed.

Headquartered in Cincinnati – with offices in Chicago, Cleveland and Troy, New York – Payne works with a wide variety of clients from emerging business to Fortune 500 companies throughout North America and internationally. Payne’s staff of 30 consulting professionals represents the full spectrum of technical disciplines, including environmental, civil and chemical engineering; geology and hydrogeology; chemistry; risk assessment; asbestos and lead investigation and abatement; and industrial hygiene and safety. Payne is a member of the Inogen Environmental Alliance, a global network of 165 member offices in six continents with over 4,800 professionals worldwide.

“The acquisition of Payne enhances TRC’s position in the private equity transactions market and legal sector,” said Chairman and Chief Executive Officer Chris Vincze. “We believe this market represents an attractive growth opportunity for TRC as companies are now reinvesting capital with more consistency and pursuing acquisitions for growth. In addition, Payne’s consulting services will complement our Exit Strategy® and Environmental services through cross-selling opportunities and the potential to pursue larger projects Payne traditionally had to turn away. From a geographic perspective, the addition of Payne expands our North American footprint and strengthens our presence in the Midwest. Overall, Payne has an outstanding reputation in the markets it serves, and we welcome their talented staff of professionals to TRC.”

John L. Payne, Founder and Principal of Payne, said, “TRC is a leader in the environmental industry with a well-earned and well-established reputation. The depth of their environmental consulting offerings and customer focused philosophy made the firm an ideal fit for Payne’s clients and employees. We believe our cultures are closely aligned and the combination of TRC and Payne will create opportunities for significant growth. We look forward to joining the TRC team and benefiting from operating as part of a larger competitor with a national footprint.”

Vincze concluded, “The acquisition of Payne continues to further our growth strategy, which strikes a balance between strategically investing in organic growth and acquisitions to drive profitability.”

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TRC Exit Strategy® program expands cleanup and closure of Midwestern landfills

LOWELL, MASS. – TRC Companies, Inc. today announced that it has executed a second Exit Strategy® based, risk-sharing transaction with a Midwestern municipal corporation representing a number of cities for the cleanup of multiple solid waste landfills. The contract value is estimated at $10.8 million.

TRC began working with the client in 2010 to manage their environmental risk and properly cleanup two landfills in accordance with regulatory requirements. Through this second Exit Strategy transaction, TRC will continue delivering consultative risk management services to achieve project completion at two additional landfills.

“TRC is proud to continue and expand this valued client relationship,” said Chris Vincze, Chairman and Chief Executive Officer.“As a company, we are committed to providing our clients both the strategic advice and remedial excellence necessary to solve their unique environmental and regulatory challenges. Our Exit Strategy program accomplishes both of these goals and delivers results our clients can rely on.”

TRC has a core competency in the remediation and resolution of landfill and other cleanup liabilities. The Company’s landfill services program offers an unprecedented range of cleanup strategies as well as national, regional and local regulatory relationships, allowing TRC to create site and client-specific remedial designs that efficiently and cost-effectively satisfy regulatory obligations.

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TRC Awarded $1.7M Environmental Remediation Contract

LOWELL, MASS. – TRC Companies, Inc. today announced that it has been awarded a $1.7M contract to perform in-situ environmental remediation and groundwater monitoring for a confidential food processing plant in California. By completing the remediation in-situ, facility warehouses and other food processing related structures can be left in place, saving significant demolition and warehouse replacement costs to the client and minimizing disruption of the facility’s day-to-day operations.

“TRC is pleased to continue a long term relationship with our client,” said Chris Vincze, Chairman and Chief Executive Officer. “We are dedicated to solving our client’s environmental challenges in a way that helps them achieve their business goals, and we look forward to partnering with them on this project.”

TRC has served the client since 2001, previously conducting environmental site assessments and multiple soil and groundwater quality evaluations. Under the new contract, TRC will conduct in-situ chemical oxidation injections, soil excavation, soil transportation and disposal, groundwater monitoring, planning, permitting and overall project management.

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TRC Awarded $1.1M Contract to Prepare a Planning Study for the SR-55/Newport

LOWELL, MASS. – TRC Companies, Inc. today announced it has been awarded a $1.1 million contract by the Orange County Transportation Authority (OCTA) and City of Costa Mesa to prepare a Project Study Report for the SR-55/Newport Boulevard in Costa Mesa, California. The project will evaluate traffic circulation on the roadway.

“TRC is proud to continue supporting improvements to the transportation infrastructure of Orange County,” said Chris Vincze, Chairman and Chief Executive Officer. “Our experts are committed to delivering results that help OCTA and the City of Costa Mesa meet its business, public, and environmental goals.”

TRC’s project study report will analyze traffic and alternative measures. TRC has supported various OCTA projects since 2004.

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Press Releases

TRC Team Awarded Contract by New York State Department of Environmental Conservation

LOWELL, MASS. – TRC Companies, Inc. announced today that the team of TRC and Dvirka and Bartilucci Consulting Engineers (D&B) has been awarded a 7-year contract worth up to $50 million to provide standby engineering services to the New York State Department of Environmental Conservation (NYSDEC).Under the contract, TRC may be issued work assignments by the Department’s Division of Environmental Remediation at sites connected with its Hazardous Waste, Hazardous Substance and Petroleum Spill Response Programs.

“TRC is proud to support New York State and the DEC in its environmental remediation efforts,” said Chris Vincze, Chairman and Chief Executive Officer. “We are committed to helping the State clean up impaired properties, restore the environment and protect residents. We look forward to delivering solutions on the many difficult projects related to this contract.”

Along with team member D&B, TRC will be involved in projects to clean up Brownfields and State Superfund sites. TRC will deliver engineering services for remedial investigations/feasibility studies; design of remedial actions; site response activities/interim remedial measures; remedial construction; site management; and potentially responsible party and third party oversight and search activities.

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