Skip to main content

TRC to acquire Willbros Professional

Published by
World Pipelines,

TRC Co. Inc., an engineering, consulting and construction management services company, has announced that it has entered into an agreement to acquire the Professional Services business segment of Willbros Group for US$130 million in an all-cash transaction. The transaction is subject to customary closing conditions, including expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, and is expected to close during the second quarter of TRC's fiscal 2016. The transaction does not require a vote of the stockholders of Willbros Group or TRC.

Headquartered in Tulsa, Oklahoma, US, Professional Services has approximately 850 employees in nine offices nationwide, and provides a wide array of innovative engineering, EPC/EPCM, field solutions and integrity services to the oil and gas transmission and midstream market, as well as at government facilities. The segment's 2014 gross revenue was approximately US$209 million, and TRC expects the acquisition to be accretive to earnings (excluding transaction fees and integration expenses) during fiscal 2017.

"TRC is a national leader in environmental permitting of pipelines," said TRC Chairman and CEO, Chris Vincze. "The addition of Professional Services to our robust platform will allow us to provide enhanced integrated services to our combined client base. We believe the long-term outlook for the pipeline industry is strong, especially with respect to midstream activities. Furthermore, the transition of power generation to natural gas; potential exportation of domestically produced oil and gas; and the need to assess, upgrade and repair US pipeline assets will provide new opportunities to the combined organisation. With this acquisition, TRC will be uniquely positioned to deliver end-to-end solutions in both the Power and Oil and Gas markets."

"We are excited to be joining a dynamic company like TRC," commented Edward Wiegele, President of Professional Services. "TRC's national reputation, established presence in the pipeline industry and strong financial position, combined with our technical capabilities, talented employees and client base, will create a company that can address all phases of the pipeline and facility project life cycle."

Upon closing, Professional Services will become a fourth TRC operating segment known as "Pipeline Services," led by Mr. Wiegele.

Edited from press release by

Read the article online at:

You might also like

Integrity 2019

Integrity 2019

Integrity 2019 is a two-day online conference for pipeline professionals. Since this is a completely virtual conference, you can join us from anywhere in the world, absolutely free.


Embed article link: (copy the HTML code below):