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 Georgia-based Utility Support Systems, Inc. (USS), a professional engineering company primarily supporting the power/utility market. Financial terms of the agreement were not disclosed. USS reported net revenues of $11.5 million in 2012. TRC expects the transaction to be earnings accretive in fiscal 2014.
“The acquisition of USS adds critical mass to TRC’s fast-growing distribution engineering and emergency response practices and expands our footprint in the key southeast and Texas regions,” said TRC Chairman and Chief Executive Officer Chris Vincze. “Acquiring USS significantly increases our technological capability with highly trained and seasoned engineers to better meet the increasing demands of our utility customers. With approximately 280 employees, USS is one of the top providers of distribution engineering services and storm response in the southeast and southwest markets and has established relationships with several large power customers that are new to TRC. This acquisition demonstrates the continued execution of our strategy to expand TRC’s energy engineering capabilities and further supports our cross-selling efforts in the growth of our total Environmental and Energy businesses.”
Utility Support Systems Founder and President Cathy Arnett said, “Joining forces with a larger firm like TRC will provide USS with the support necessary to accommodate increasing demand as the market for emergency response services continues to grow across the country. TRC is a great cultural fit for us and we are excited about the new opportunities that will be created for our employees. In addition, our customers will benefit from TRC’s extensive suite of service offerings. Together, we are now one of the largest distribution engineering service providers in the nation.”