Going Private • Engineering

New Mountain Capital Acquires TRC

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

Acquisition Context
  • 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.
  • TRC was sold to a publicly-traded strategic buyer in 2025 for 3.3B USD.

Explore All 3 Going Private Engineering Deals - Search the Database Free


M&A Deal Summary

Date March 31, 2017
Target TRC
Sector Engineering
Buyer(s) New Mountain Capital
Deal Type Going Private
Advisor(s) Houlihan Lokey (Financial)
Covington & Burling (Legal)

Target Company

TRC

Windsor, Connecticut, United States
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 was formed in 1969 and is based in Windsor, Connecticut.
Explore More Deals

Browse All 215,158 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

New Mountain Capital

New York, New York, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 55.0B 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 1999 and is based in New York, New York.


Deal Context for Buyer #
Overall 43 of 104
Sector: Engineering 1 of 4
Type: Going Private 2 of 3
State: Connecticut 2 of 4
Country: United States 39 of 99
Year: 2017 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-10 Alight Solutions

Chicago, 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. Alight Solutions is based in Chicago, Illinois.

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 -