TRC Acquires NOVA Safety & Environmental

LOWELL, MA--(Marketwired - Sep 30, 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 NOVA Safety & Environmental (NOVA), based in Midland, Texas. NOVA's approximately 60 employees provide safety training, environmental services as well as oil spill response, remediation and general oil field construction services to customers in the oil and gas industry. Financial terms of the agreement were not disclosed. NOVA reported gross revenues of $16.5 million for the year ended December 31, 2013. TRC expects the transaction to be immediately accretive.

"The acquisition of NOVA further enhances TRC's position in the robust oil and gas market," said TRC Chairman and Chief Executive Officer Chris Vincze. "NOVA is a profitable and growing company with an impeccable safety record that delivers best-in-class services. NOVA's presence in the Permian Basin region of West Texas and New Mexico also offers TRC significant opportunity for growth and cross-selling of additional services."

Todd Hebert, CEO of NOVA said, "With its strong national presence, resource base and engineering expertise, TRC is an ideal home for NOVA, and together we will capitalize and expand on business development opportunities within existing and new markets."

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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