Parsons Acquires TRS Group, Inc.
Parsons (NYSE: PSN) has acquired TRS Group, Inc. in an all-cash transaction valued at $36 million. TRS, formed in 2000, specializes in environmental remediation technology, particularly in PFAS, thermal, and holistic environmental solutions. The company has completed over 160 in situ thermal remediation projects.
TRS is the exclusive North American licensee of PerfluorAd™ technology, used for removing PFAS compounds from firefighting vehicles, fire suppression systems, and wastewater streams. The acquisition enhances Parsons' environmental remediation capabilities across both Federal Solutions and Critical Infrastructure segments.
The acquisition is strategically significant as 34 states have introduced PFAS restrictions, with the market driven by industrial companies, airports, Department of Defense facilities, state regulations, and EPA maximum contaminant levels.
Parsons (NYSE: PSN) ha acquisito TRS Group, Inc. in una transazione interamente in contante dal valore di 36 milioni di dollari. TRS, fondata nel 2000, si specializza nella tecnologia di bonifica ambientale, in particolare nelle soluzioni ambientali PFAS, termiche e olistiche. L'azienda ha completato oltre 160 progetti di bonifica termica in situ.
TRS è il licenziatario esclusivo in Nord America della tecnologia PerfluorAd™, utilizzata per rimuovere i composti PFAS dai veicoli antincendio, dai sistemi di soppressione incendi e dagli scarichi delle acque reflue. L'acquisizione migliora le capacità di bonifica ambientale di Parsons nei segmenti Soluzioni Federali e Infrastrutture Critiche.
L'acquisizione è strategicamente significativa poiché 34 stati hanno introdotto restrizioni sui PFAS, con il mercato guidato da aziende industriali, aeroporti, strutture del Dipartimento della Difesa, regolamenti statali e livelli massimi di contaminazione EPA.
Parsons (NYSE: PSN) ha adquirido TRS Group, Inc. en una transacción completamente en efectivo valorada en 36 millones de dólares. TRS, fundada en 2000, se especializa en tecnología de remediación ambiental, particularmente en soluciones ambientales PFAS, térmicas y holísticas. La empresa ha completado más de 160 proyectos de remediación térmica in situ.
TRS es el licenciatario exclusivo en América del Norte de la tecnología PerfluorAd™, utilizada para eliminar compuestos PFAS de vehículos de extinción de incendios, sistemas de supresión de incendios y corrientes de aguas residuales. La adquisición mejora las capacidades de remediación ambiental de Parsons en los segmentos de Soluciones Federales e Infraestructura Crítica.
La adquisición es estratégicamente significativa ya que 34 estados han introducido restricciones sobre PFAS, con el mercado impulsado por empresas industriales, aeropuertos, instalaciones del Departamento de Defensa, regulaciones estatales y niveles máximos de contaminantes de la EPA.
파슨스 (NYSE: PSN)가 TRS Group, Inc.를 3600만 달러 가치의 전액 현금 거래로 인수했습니다. 2000년에 설립된 TRS는 PFAS, 열치유 및 전체론적 환경 솔루션에 특히 중점을 둔 환경 정화 기술을 전문으로 하고 있습니다. 이 회사는 160건 이상의 현장 열 정화 프로젝트를 완료했습니다.
TRS는 소방차, 화재 억제 시스템, 및 폐수에서 PFAS 화합물을 제거하기 위해 사용되는 PerfluorAd™ 기술의 북미 독점 라이센스 보유자입니다. 이번 인수는 Parsons의 연방 솔루션 및 핵심 인프라 부문에서 환경 정화 능력을 강화합니다.
이번 인수는 34개 주에서 PFAS 제한을 도입하고 있으며, 산업 기업, 공항, 국방부 시설, 주 규정 및 EPA 최대 오염 물질 기준에 의해 시장이 주도되고 있어 전략적으로 중요합니다.
Parsons (NYSE: PSN) a acquis TRS Group, Inc. dans le cadre d'une transaction entièrement en espèces d'une valeur de 36 millions de dollars. TRS, fondée en 2000, est spécialisée dans la technologie de remediation environnementale, en particulier dans les solutions environnementales PFAS, thermiques et holistiques. L'entreprise a achevé plus de 160 projets de remediation thermique in situ.
TRS est le licencié exclusif en Amérique du Nord de la technologie PerfluorAd™, utilisée pour éliminer les composés PFAS des véhicules de lutte contre les incendies, des systèmes de suppression d'incendie et des flux d'eaux usées. Cette acquisition renforce les capacités de remediation environnementale de Parsons dans les segments des Solutions Fédérales et des Infrastructures Critiques.
L'acquisition est stratégiquement significative car 34 États ont introduit des restrictions sur les PFAS, le marché étant soutenu par des entreprises industrielles, des aéroports, des installations du département de la Défense, des réglementations étatiques et des niveaux maximum de contaminants de l'EPA.
Parsons (NYSE: PSN) hat TRS Group, Inc. in einer rein bargeldbasierten Transaktion im Wert von 36 Millionen Dollar übernommen. TRS, gegründet im Jahr 2000, spezialisiert sich auf Umweltremediationstechnologie, insbesondere im Bereich PFAS, thermische und ganzheitliche Umweltlösungen. Das Unternehmen hat über 160 In-situ-Thermalkorrekturprojekte abgeschlossen.
TRS ist der exklusive nordamerikanische Lizenznehmer der PerfluorAd™-Technologie, die zur Entfernung von PFAS-Verbindungen aus Feuerwehrfahrzeugen, Brandbekämpfungssystemen und Abwasserströmen verwendet wird. Die Übernahme erweitert die Möglichkeiten von Parsons in der Umweltremediation in den Bereichen Bundeslösungen und kritische Infrastruktur.
Die Akquisition ist strategisch bedeutend, da 34 Bundesstaaten PFAS-Einschränkungen eingeführt haben, und der Markt wird von Industrieunternehmen, Flughäfen, Einrichtungen des Verteidigungsministeriums, staatlichen Vorschriften und EPA-Höchstwerte für Schadstoffe vorangetrieben.
- Strategic acquisition valued at $36 million enhances cross-segment environmental remediation capabilities
- Exclusive North American license for PerfluorAd™ technology provides competitive advantage
- Access to established client base with over 160 completed remediation projects
- Expansion into growing PFAS remediation market with increasing regulatory demand
- Cash expenditure of $36 million impacts company's liquid assets
Insights
This strategic acquisition marks a significant enhancement to Parsons' environmental solutions portfolio at a compelling valuation of
Market Opportunity: The PFAS remediation market is experiencing accelerating growth, driven by regulatory pressures across 34 states and emerging EPA standards. This timing is particularly strategic as environmental compliance requirements continue to tighten, creating a robust pipeline of opportunities across military installations, airports and industrial sites.
Technological Edge: TRS's exclusive North American license for PerfluorAd™ technology creates a significant competitive moat. This proprietary technology, combined with TRS's proven track record of 160+ successful remediation projects, positions Parsons to capture premium pricing in high-value contracts.
Cross-Segment Synergies: The acquisition presents substantial revenue synergy potential across both operating segments: 1) Federal Solutions can leverage TRS's capabilities in Department of Defense contracts, where PFAS contamination from firefighting foam is a major concern and 2) Critical Infrastructure can expand services to industrial clients, airports and municipal governments. The deal structure as an all-cash transaction maintains Parsons' financial flexibility for future strategic initiatives.
TRS's remediation technology portfolio represents a significant technological leap for Parsons, particularly in addressing the persistent challenge of PFAS contamination. The acquisition brings two key technological advantages:
Advanced Thermal Solutions: TRS's in-situ thermal remediation technology accelerates contaminant breakdown and removal, offering superior efficiency compared to traditional pump-and-treat methods. This approach is particularly effective for complex sites with multiple contaminant types and challenging geological conditions.
PerfluorAd™ Technology: The exclusive North American license for PerfluorAd™ provides a unique solution for PFAS removal from various systems. This technology's effectiveness in treating firefighting systems, wastewater streams and contaminated sites positions Parsons as a leader in addressing the growing PFAS contamination crisis. The technology's versatility across different applications - from vehicle decontamination to wastewater treatment - creates multiple revenue streams and market opportunities.
Acquisition strategically enhances Parsons’ cross-segment environmental remediation capabilities
CHANTILLY, Va., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that it has acquired TRS Group, Inc. (TRS), an environmental solutions firm that specializes in remediation technology, in an all-cash transaction valued at
Formed in 2000, TRS is an industry leader in per and polyfluoroalkyl substances (PFAS), thermal, and holistic environmental remediation, having cleaned hazardous and toxic substances from soil, groundwater, and fire suppression systems for global clients. The company has successfully completed more than 160 in situ thermal remediation projects, establishing itself as a proven operator in treating volatile and semi-volatile organic compounds, including PFAS, energetics, and pesticides in soil, groundwater, and bedrock. TRS’ thermal remediation technology accelerates the breakdown and removal of hazardous substances, such as chlorinated hydrocarbons and other organic pollutants, to treat a wide range of contaminants, offering an efficient and sustainable solution for environmental remediation.
“The acquisition of TRS Group significantly enhances Parsons' environmental remediation capabilities in both of our operating segments and serves as a force multiplier for our already industry-leading PFAS remediation solutions,” said Carey Smith, president and chief executive officer of Parsons. “We are thrilled to welcome the talented TRS employees into the Parsons family and are eager to harness the synergies between our cultures of innovation, discovery, and commitment to improving societal health."
TRS provides highly skilled labor and technical solutions to complex engineering challenges. The company is the exclusive licensee of the PerfluorAd™ technology in North America, which is particularly valuable for oil and gas, petrochemicals, manufacturing industries, and federal, state, and municipal governments. PerfluorAd™ is a highly effective cleaning and separation agent used to remove PFAS compounds from firefighting vehicles, fire suppression systems, wastewater streams and ponds, and many other systems.
As state regulations surrounding hazardous substances like PFAS continue to evolve, TRS has been at the forefront of helping clients navigate these challenges. To date, 34 states have introduced restrictions on PFAS. This growing regulatory landscape underscores the importance of effective, cutting-edge remediation solutions to address PFAS contamination and other persistent environmental threats. The PFAS market is fueled by industrial companies, airports, Department of Defense facilities, state regulations, and Environmental Protection Agency maximum contaminant levels, as PFAS from firefighting foam, manufacturing sites, landfills, spills, and air deposition from factories can seep into surface soils and discharge into groundwater or surface water as well as contaminate drinking water.
“As we join forces, our collective goal is to lead the industry in creating impactful, sustainable projects that benefit communities and preserve natural resources,” said Brett Trowbridge, TRS’ president & CEO. “Together, we will leverage our combined expertise to create solutions that not only meet the demands of our clients but also create a better and safer future.”
About Parsons
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact.
Forward-Looking Statements
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Media Contact:
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Bryce.McDevitt@parsons.com
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FAQ
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