TRC expanding into Canada
Oil & gas specialist, Michael Koski, has been chosen the lead the U.S.-based company's Canadian operation.
TRC Companies Inc., a Massachusetts-based engineering, environmental consulting and construction-management services company, has announced that it is expanding its footprint into Canada this year to take advantage of the rebounding oil and gas market and the country’s increased infrastructure spending.
With over 120 offices across the U.S. and some 4,100 employees, in June, 2017, TRC was officially acquired by New York-based investment firm New Mountain Capital, in an all-cash transaction for US$17.55 per share, or about $554.6 million.
At the time TRC was listed on the NYSE, and for its last annual report (fiscal 2016, ending in June 2016) the company reported gross revenues of US$620.8 million. Following the acquisition its shares were delisted from the NYSE.
“The time is right for us to grow our business in Canada and bring more of our unique services and solutions to clients there,” said CEO Chris Vincze in a company release. “We already have a strong infrastructure practice in Canada, and we plan to build upon our existing relationships with a number of Canadian clients for whom we’ve done work in the United States.”
The company reports having relationships with a number of large Canadian firms, including TransCanada, Enbridge, Kinder Morgan and Canadian National Railway. It also points to infrastructure projects across the country, including locomotive fueling facilities, power distribution system upgrades, capital improvement planning projects and wastewater treatment plants.
TRC has hired Michael Koski to lead its expansion in Canada. He will serve as senior vice president of Canadian operations.
“Mike brings a unique blend of engineering, construction, environmental and regulatory skills to the table and will quickly help us scale up operations,” said Ed Wiegele, president of TRC’s oil and gas sector. “Plus he has extensive experience in the Canadian oil and gas market and excellent command of Canada’s regulatory environment.”
Koski, who grew up in Thunder Bay, has spent three decades working in the oil and gas sector, mostly with exp (previously Trow Engineering), and has considerable experience with project management, engineering and environmental issues.
“I look forward to expanding TRC’s services into Canada across all business sectors,” said Koski, in the release. “Companies in Canada are clamoring for the integrated approach, advanced technologies and laser-like focus on client needs that TRC’s is known throughout the industry for.”