TRC – TRR – Acquires Heschong Mahone Group
NYSE: TRR), 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.”
About HMG
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.
About TRC – TRR
A pioneer in groundbreaking scientific and engineering developments since the 1960s, TRC (TRR) is a national engineering, consulting and construction management firm that provides integrated services to the energy, environmental and infrastructure markets. TRC (TRR) serves a broad range of clients in government and industry, implementing complex projects from initial concept to delivery and operation. TRC (TRR) delivers results that enable clients to achieve success in a complex and changing world.
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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