M&A Deal Summary

TRC Acquires EC Source Services - Testing and Commissioning Division

On July 11, 2019, TRC acquired utilities company EC Source Services - Testing and Commissioning Division from EC Source Services

Acquisition Highlights
  • This is TRC’s 1st transaction in the Utilities sector.
  • This is TRC’s 9th transaction in the United States.
  • This is TRC’s 1st transaction in Arizona.

M&A Deal Summary
Date 2019-07-11
Target EC Source Services - Testing and Commissioning Division
Sector Utilities
Buyer(s) TRC
Sellers(s) EC Source Services
Deal Type Divestiture

Target

EC Source Services - Testing and Commissioning Division

Mesa, Arizona, United States
EC Source Services LLC (ECS) - Testing and Commissioning Division is well positioned to safely and reliably test and commission all EHV substation and transmission systems, as the final part of its turnkey EPC approach, and independently as part of direct award testing and commissioning services. Providing this final piece to our turnkey model prior to energization helps identify and eliminate unsafe, costly and untimely outages and downtime.

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Buyer(S) 1

Buyer

TRC

Windsor, Connecticut, United States
Category Company
Founded 1969
Sector Engineering
Revenue 414M USD (2015)
DESCRIPTION

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.

DEAL STATS #
Overall 9 of 25
Sector (Utilities) 1 of 3
Type (Divestiture) 2 of 3
State (Arizona) 1 of 1
Country (United States) 9 of 22
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-26 Vali Cooper & Associates

Concord, California, United States

Vali Cooper & Associates, Inc. is an infrastructure firm that manages transportation, water/wastewater, utility and facilities projects. Vali Cooper & Associates was founded in 1987 and is based in Concord, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-23 Lockheed Martin -Distributed Energy Solutions Business

Bethesda, Maryland, United States

Lockheed's Distributed Energy Solutions (DES) is a commercial business principally engaged in providing distributed energy services to electric and gas utility customers. DES provides comprehensive services for energy efficiency, demand response, beneficial electrification, distributed energy resource management, data analytics, IT/OT systems integration & operation, cybersecurity, cloud and web services.

Buy -

Seller(S) 1

SELLER

EC Source Services

Mesa, Arizona, United States
Category Company
Founded 2010
Sector Utilities
DESCRIPTION

EC Source Services LLC (ECS) specializes in large fixed price, competitively bid extra-high voltage (EHV) transmission line and substation projects. EC Source (ECS), together with its engineering partners, is a nationally recognized full-service EPC program management entity focused on financing and deploying Extra High Voltage (EHV) electrical systems in North America. EC Source Services provides its services in the United States.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Mergr

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