Sell TRC Companies For a Monster 72% Win!
March 31, 2017: Sell TRC Companies for a monster +72% win and congratulations if you were able to make money on the trade. TRC Companies announced that it has entered into a definitive merger agreement with affiliates of New Mountain Partners IV, L.P., an investment fund managed by New Mountain Capital, LLC, a leading growth-oriented investment firm headquartered in New York, under which New Mountain will acquire TRC in an all cash transaction valued at $17.55 per share of common stock.
January 17, 2017: TRC Companies acquired the contract to serve as Program Administrator of New Jersey’s Clean Energy Program (NJCEP), which has provided more than $300 million annually in support to homeowners, businesses and government entities upgrading to high-efficiency and renewable energy technology.
All the staff who have been working for the prior NJCEP Administrator, Ameresco Inc. and its wholly owned subsidiary, Applied Energy Group Inc. (AEG), will be joining TRC. Financial terms of the transaction were not disclosed.
TRC and AEG anticipate the transition will be seamless, with the same team continuing in its existing role without interruption. TRC’s Energy Efficiency practice is a growing, national leader in the design and implementation of state energy efficiency programs and provides services similar to the administration of NJCEP in several other states.
November 28, 2016: Sidoti initiates coverage of TRC Companies with a Buy rating and a price target of $14.
TRC Companies Stock Chart
TRC is a national engineering, consulting and construction management firm providing integrated services to the power, environmental, infrastructure and oil and gas markets. We serve a broad range of clients in government and industry, implementing complex projects from initial concept to operations.
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