Key Developments: TRC Companies Inc (TRR.N)
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Latest Key Developments (Source: Significant Developments)
TRC Companies Inc Announces New Credit Facility
TRC Companies Inc announced that it has entered into a new $75 million five-year revolving credit facility with RBS Citizens, as lead bank, and JPMorgan Chase. The new facility will support general working capital needs as well as growth initiatives and replaces the Company's existing $65 million revolver, which was due to expire in July 2014. Full Article
TRC Companies Inc Announces Acquisition Of Heschong Mahone Group, Inc
TRC Companies Inc announced that it has acquired Heschong Mahone Group, Inc. (HMG), doing business 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. Full Article
TRC Companies, Inc. Secures Contract
TRC Companies, Inc. 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% by providing comprehensive retrofit services to 1,800 apartment units across the state. Full Article
TRC Companies, Inc. Secures Construction Engineering Inspection Contract From Tennessee Department Of Transportation
TRC Companies, Inc. announced that it 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. 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. Full Article
TRC Companies, Inc. Receives Environmental Remediation Contract From US Army Corps
TRC Companies, Inc. announced that, in partnership with Plexus Scientific, it has been awarded a ten-year combined ceiling contract by the US Army Corps of Engineers (Corps). TRC will provide environmental remediation and restoration services for the Corps' Louisville District and all of its Mission Boundaries. TRC estimates that the services performed through this competitive task order contract have the potential to generate a total of more than $12 million in revenue. Under the contract, TRC will support environmental projects including hazardous, toxic and radioactive waste cleanup and military munitions response programs. TRC will execute a full range of environmental services, including but not limited to, remedial investigations; studies; pre-design and design; remediation; environmental compliance; environmental analysis; ecosystem restoration; environmental dredging; operation and maintenance; and emergency and/or time-critical response activities for projects assigned to the Louisville District or Mission Boundaries. Full Article
TRC Companies, Inc. Announces Strategic Partnership With EORM
TRC Companies, Inc. announced that it has formed a strategic partnership with EORM. 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. Full Article
TRC Companies, Inc. Announces Acquisition of the Payne Firm, Inc.
TRC Companies, Inc. 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. Full Article
TRC Companies, Inc. Expands Cleanup And Closure Of Midwestern Landfills Contract
TRC Companies, Inc. 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. Full Article
TRC Companies, Inc. Secures $1.7 Million Environmental Remediation Contract
TRC Companies, Inc. announced that it has been awarded a $1.7 million 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. Full Article
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