TRC Acquires Covino Environmental Associates, Inc.

LOWELL, MA--(Marketwired - Jul 7, 2014) - TRC Companies, Inc. (NYSE: TRR), a recognized leader in engineering, consulting and construction management services to the energy, environmental and infrastructure markets, today announced it has acquired Covino Environmental Associates, Inc. (Covino), based in Woburn, Massachusetts. Covino's 40 employees provide building sciences, industrial hygiene and related consulting services to private and public clients including major educational institutions. Financial terms of the agreement were not disclosed.

"We are excited to strengthen our building sciences and industrial hygiene service capabilities with the addition of Covino Environmental Associates," said TRC Chairman and Chief Executive Officer Chris Vincze. "Recent regulatory guidance for the identification, removal and disposal of old building materials is driving an increase in related spending in the education and healthcare markets where Covino has a solid reputation. This acquisition expands our footprint in the Northeast, making us one of the largest providers of building sciences and industrial hygiene services in New England, and helps TRC capitalize on the growing decommissioning and real estate markets in the U.S."

Sam Covino, President of Covino Environmental Associates, said, "Our joining TRC will offer significant advantages to our clients. Not only will they continue to receive the personalized service that they have come to expect, but they will benefit by having access to additional services and deeper resources. We look forward to the many new opportunities our combined organizations will create for both our clients and employees."

About TRC
A pioneer in groundbreaking scientific and engineering developments since the 1960s, TRC is a national engineering, consulting and construction management firm that provides integrated services to the energy, environmental and infrastructure markets. TRC serves a broad range of clients in government and industry, implementing complex projects from initial concept to delivery and operation. TRC delivers results that enable clients to achieve success in a complex and changing world. For more information and updates from the Company, visit TRC's website at www.TRCsolutions.com and follow TRC on Twitter and StockTwits at @TRC_Companies and on LinkedIn.

Forward-Looking Statements
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