TRC Companies Inc. (NYSE:TRR) acquired the air emissions testing business from General Electric Company (NYSE:GE) for $3.15 million in cash on January 18, 2013. The purchase price is subject to a working capital adjustment, which is expected to be finalized within the next several months. As part of the transaction, TRC has also entered into a three-year master service agreement with GE Power & Water. GE's Air Emissions Testing business generated annual revenue of approximately $12 million. Post acquisition, Bruce Randall, GE's Air Emissions Testing Product Leader will join TRC. Sharon Merrill Associates acted as the public relations advisor in the transaction.


TRC Companies Inc. (NYSE:TRR) completed the acquisition of the air emissions testing business from General Electric Company (NYSE:GE) on January 18, 2013.