M&A Deal Summary

TRC Acquires Locana

On January 10, 2024, TRC acquired information technology company Locana from Transom Capital Group and Angeleno Group

Acquisition Highlights
  • This is TRC’s 1st transaction in the Information Technology sector.
  • This is TRC’s 21st transaction in the United States.
  • This is TRC’s 3rd transaction in Washington.

M&A Deal Summary

Date 2024-01-10
Target Locana
Sector Information Technology
Buyer(s) TRC
Sellers(s) Transom Capital Group
Angeleno Group
Deal Type Add-on Acquisition
Advisor(s) KippsDeSanto (Financial)
Kirkland & Ellis (Legal)

Target

Locana

Seattle, Washington, United States
Locana is a technology consultancy and geospatial info provider that helps businesses drive performance through spatial IT solutions, services and software products. Locana is based in Seattle, Washington.

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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 23 of 27
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 20 of 24
State: Washington M&A 3 of 3
Country: United States M&A 21 of 24
Year: 2024 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-10 ACT

Santa Ana, California, United States

ACT is a provider of project/program management, highway design, water quality, and planning and project initiation for large-scale transportation projects in Southern California. ACT was formed in 1996 and is based in Santa Ana, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-27 Paustenbach & Associates

Jackson, Wyoming, United States

Paustenbach & Associates is a toxicology, exposure science, and risk assessment company specializing in high-end health hazard assessments and litigation support. Paustenbach & Associates is based in Jackson, Wyoming.

Buy -

Seller(S) 2

SELLER

Transom Capital Group

El Segundo, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Transom Capital Group is an operationally-focused private equity firm that seeks buyouts and control investments in middle-market companies with established revenue streams and business models. Transom is sector agnostic and will consider opportunities throughout North America. Target companies typically have cash-flows up to $100 million. Transom Capital Group was formed in 2008 and is based in El Segundo, California.


DEAL STATS #
Overall 11 of 14
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 8
State: Washington M&A 2 of 2
Country: United States M&A 11 of 14
Year: 2024 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-18 Galleher

Santa Fe Springs, California, United States

Galleher is a floor covering distributor, serving builders, contractors and retailers. Galleher distributes a broad offering of hardwood, resilient, vinyl and laminate flooring as well as carpet and installation accessories to more than 5,000 customers while also providing unique custom hardwood manufacturing capabilities. Galleher was founded in 1937 and is based in Santa Fe Springs, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-12 Ampure

Monrovia, California, United States

Ampure is a provider of electric vehicle charging products and services. It offers comprehensive energy management and innovative e-mobility solutions, including advanced charging stations, intelligent digital connectivity services, worldwide certified cord sets, and industrial charging products. Ampure is based in Monrovia, California.

Buy -
SELLER

Angeleno Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Angeleno Group is a private equity firm focused on high growth investments within the energy sector. The Firm pursues a wide range of opportunities and will consider transactions across the US. Angeleno looks for companies that are heavily involved in the development of innovative products and services that are emerging as potential solutions to global energy and environmental challenges. Specific sub-sectors of interest include clean transportation, emissions control and carbon management, energy efficiency, power infrastructure, renewable energy, solar, waste management, and wind. The Firm looks to commit $10 to $30 million per investment and will consider a variety of deal types, including secondaries, first institutional equity, growth equity, and PIPEs. Angeleno Group was founded in 2001 and is based in Los Angeles, California.


DEAL STATS #
Overall 18 of 19
Sector: Information Technology M&A 3 of 3
Type: Add-on Acquisition M&A Deals 10 of 11
State: Washington M&A 2 of 2
Country: United States M&A 14 of 15
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-17 Anza

Oakland, California, United States

Anza is a revolutionary platform that empowers solar and energy storage equipment buyers and developers to use advanced data and technology to see more options, reduce risk, increase project profits, and save massive amounts of time. The proprietary technology engine behind the Anza digital platform is a cost and performance modeling software that identifies the most optimized components based on customer-provided project details. Anza is based in Oakland, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-17 Fictiv

San Francisco, California, United States

Fictiv is a sustainable, on-demand digital manufacturing software platform enabling automation, localization and decarbonization of manufacturing supply chain operations. Fictiv’s solution is built around a digital core that leverages proprietary AI algorithms to deliver instant pricing, design for manufacturability feedback, and production transparency. Fictiv was founded in 2013 and is based in San Francisco, California.

Sell $350M