Parsons Corporation announced on February 4, 2025, that it has acquired TRS Group, Inc. (TRS), an environmental solutions firm specializing in remediation technology, in an all-cash transaction valued at $36 million. This acquisition benefits both Parsons’ Federal Solutions and Critical Infrastructure segments. TRS is an industry leader in per- and polyfluoroalkyl substances (PFAS), thermal, and holistic environmental remediation.
TRS has successfully completed over 160 in situ thermal remediation projects, demonstrating its expertise in treating hazardous and toxic substances from soil, groundwater, and fire suppression systems for global clients. The company's thermal remediation technology accelerates the breakdown and removal of contaminants like chlorinated hydrocarbons and other organic pollutants. This offers an efficient and sustainable solution for environmental remediation.
Carey Smith, president and chief executive officer of Parsons, stated that the acquisition significantly enhances Parsons' environmental remediation capabilities and serves as a force multiplier for its industry-leading PFAS remediation solutions. TRS is the exclusive licensee of the PerfluorAd™ technology in North America, which is highly effective for removing PFAS compounds from various systems, addressing a growing regulatory landscape and market demand.
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