Parsons Corp. has acquired environmental remediation technology provider TRS Group for approximately $36 million in a move to further build out offerings for removing what are commonly called “forever chemicals.”
TRS Group opened for business in 2000 to support projects involving the remediation of per- and polyfluoroalkyl substances, also known as PFAS chemicals, that are widely viewed as hazardous to the environment.
“The acquisition of TRS Group significantly enhances Parsons’ environmental remediation capabilities in both of our operating segments and serves as a force multiplier for our already industry-leading PFAS remediation solutions,” Parsons’ chief executive Carey Smith said in a release. “We are thrilled to welcome the talented TRS employees into the Parsons family and are eager to harness the synergies between our cultures of innovation, discovery, and commitment to improving societal health.”
Centreville, Virginia-headquartered Parsons has increasingly emphasized commonalities between its federal technology solutions and critical infrastructure segments as a key leg of its approach to acquisitions.