TRC Acquires Environmental Business Unit From RMT

TRC Companies, Inc. TRR today announced that it has acquired the Environmental Business Unit of RMT, Inc., a subsidiary of Alliant Energy 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."