TRC

Recent News & Press Releases

Press Release

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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Press Release

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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Press Release

TRC Acquires Environmental Business Unit from RMT, Inc.

LOWELL, MASS. – TRC Companies, Inc. today announced that it has acquired the Environmental Business Unit of RMT, Inc., a subsidiary of Alliant Energy (NYSE: LNT), for $13.3 million in an all-cash transaction. Exclusive of any acquisition-related expenses, TRC expects the acquisition to be immediately accretive.

Headquartered in Madison, Wisconsin, RMT’s Environmental Business Unit specializes in consulting, development, engineering and construction through remediation and restoration; environmental, health and safety management; air pollution control; and solid waste management offerings.The Environmental Business Unit, which consists of approximately 200 consultants and 10 primary locations, has projected net service revenue for 2011 of approximately $27 million.

“The acquisition of RMT’s Environmental Business Unit aligns perfectly with TRC’s growth strategy,” said TRC Chairman and Chief Executive Officer Chris Vincze.“Through this transaction, we add depth and capability to our service portfolio and significantly expand our presence throughout the Midwest, while strengthening our position in Texas.Also, RMT’s Environmental Business Unit provides us access to a deep and attractive roster of industrial clients, which allows substantial cross-selling opportunities.”

“For more than 30 years, RMT has been a recognized leader in environmental services.Beyond the geographic match, this acquisition represents a natural cultural fit for TRC, as RMT’s approach to client service and commitment to quality closely mirrors our own.The acquisition brings to TRC a talented group of industry professionals, and we welcome them to the TRC team.We look forward to a rapid integration, which we expect to be fully completed in the first quarter of fiscal 2012.”

RMT President Steve Johannsen said, “When we made the strategic decision to divest our Environmental Business Unit, we aimed to find a respected peer that would maintain our corporate heritage—strong customer relationships, a commitment to the environment and an employee-centric organization. As a result, we believe TRC is the ideal match. In an industry where expertise and reputation for quality are critical, TRC is a firm with a long and distinguished track record. We expect that this transition will be seamless and beneficial for both our customers and employees.”

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TRC Awarded Contract by New York City School Construction Authority

LOWELL, MASS. – TRC Companies, Inc. today announced that it has been awarded a three-year contract valued at up to $4 million by the New York City School Construction Authority (NYCSCA) to provide environmental and hazardous material consulting services.

“TRC is proud to continue providing support to the NYCSCA,” said Chris Vincze, Chairman and Chief Executive Officer. “Our experts are committed to delivering environmental solutions that enable the NYCSCA to achieve results for the students, teachers and communities that rely on them.”

TRC has been an environmental consultant to NYCSCA since 2006. Under the new contract TRC expects to provide a broad range of environmental services including, but not limited to: environmental site assessments and investigations; soil and groundwater remediation design; soil vapor intrusion investigation and mitigation system design; remediation system operation and maintenance; interpretation of environmental regulations; and construction inspection.

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Press Release

TRC Congratulates Groundwork Lawrence

LOWELL, MASS. – TRC Companies, Inc. is proud to congratulate Groundwork Lawrence and the City of Lawrence for earning a 2010 Brownfield Renewal Award in the category of Social Impact for outstanding efforts to transform a contaminated former mill into a 5-acre waterfront park in Lawrence, Mass. This successful redevelopment project has also been awarded the 2011 National Community Development Association Gabe Zimmerman Public Service Award. TRC served as the environmental consultant on the project, contributing to the clean up and redevelopment of the site. The award was presented by Brownfield Renewal Magazine in a ceremony held on April 4, 2011.

Manchester Street Park opened in September 2009 and was jointly developed by the nonprofit organization Groundwork Lawrence, and the City of Lawrence, with extensive input from residents in surrounding neighborhoods. The park, which was once contaminated by mercury, lead and other pollutants from a municipal trash incinerator, is now home to playgrounds, a pavilion, community gardens, open green spaces, and native trees.

“After years of hard work by Groundwork Lawrence, the once contaminated site is now a treasure to the surrounding community,” said Paul Arnold, PE, TRC. “We are proud to have been involved with the effort to transform this area and congratulate Groundwork Lawrence for this well deserved honor.”

Groundwork Lawrence, Inc. is a 501(c)3 non-profit organization that has been making change happen in Lawrence, Massachusetts since 2001. Through its environmental and open space improvements, community food programs, youth education and employment initiatives, and community programming and events, Groundwork Lawrence creates the building blocks of a healthy community, and empowers Lawrence residents to improve their quality of life.

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Press Release

TRC Awarded Contract to Support Modernization of Maine’s Transmission System

LOWELL, MA – 1/10/2011TRC Companies, Inc. today announced it has been awarded an $11.4 million contract by Central Maine Power (CMP) to provide engineering, design and procurement services associated with the modification and expansion of five existing substations. The project is part of CMP’s Maine Power Reliability Program (MPRP) to modernize the State’s transmission system. “TRC is proud to be a part of CMP’s Maine Power Reliability Program,” said Chris Vincze, Chairman and Chief Executive Officer. “We are dedicated to supporting clients that expand and upgrade the nation’s vital energy facilities and infrastructure to ensure the continued reliability of our power systems and support the incorporation of renewable resources into the power mix.” Under the contract, TRC will deliver detailed designs for the expansion of the five substations, both 345 kV and 115 kV in size. TRC will also manage the procurement of materials associated with design and construction and will provide overall project management services.

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