M&A Deal Summary

New Mountain Capital Acquires TRC

On March 31, 2017, private equity firm New Mountain Capital acquired engineering company TRC

Acquisition Highlights
  • This is New Mountain Capital’s 1st transaction in the Engineering sector.
  • This is New Mountain Capital’s 39th transaction in the United States.
  • This is New Mountain Capital’s 2nd transaction in Connecticut.
Investment Fate
  • TRC was sold to a consortium of financial buyers in 2021.

M&A Deal Summary
Date 2017-03-31
Target TRC
Sector Engineering
Buyer(s) New Mountain Capital
Deal Type Going Private
Advisor(s) Houlihan Lokey (Financial)
Covington & Burling LLP (Legal)

Target

TRC

Windsor, Connecticut, United States
website
TRC is a global firm providing environmentally focused and digitally powered solutions that address the local needs of clients in consulting, construction, engineering, and management services, combining science with the latest technology to devise solutions that stand the test of time. TRC’s nearly 6,000 professionals serve a broad range of public and private clients, steering complex projects from conception to completion to help solve the toughest challenges. TRC was formed in 1969 and is based in Windsor, Connecticut.

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Buyer(S) 1

Buyer

New Mountain Capital

New York, New York, United States

website

Category Private Equity Firm
Founded 2000
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 43 of 91
Sector (Engineering) 1 of 3
Type (Going Private) 2 of 3
State (Connecticut) 2 of 4
Country (United States) 39 of 87
Year (2017) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-10 Alight Solutions

Lincolnshire, Illinois, United States

Alight Solutions is a provider of outsourced benefits administration and human capital technology. The Company helps drive better health and financial outcomes for employers, employees and plan participants by leveraging proprietary technology, deep domain expertise and global delivery capabilities.

Buy $4.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-03 Gelest

Morrisville, Pennsylvania, United States

Gelest, Inc. is a manufacturer, and supplier of commercial and research quantities of organosilicon compounds, metal-organic compounds and silicones. Gelest serves advanced technology markets through a materials science-driven approach. The company provides focused technical development and application support for personal care, semiconductors, medical materials, pharmaceutical synthesis, diagnostics and separation science, and specialty polymeric materials: “Gelest – Enabling Your Technology.” Gelest was founded in 1990 and is based in Morrisville, Pennsylvania.

Buy -
Mergr

Product

Company

Legal