Parsons Acquires TRS Group In $36 Million Deal, Strengthening Its Position In Environmental Remediation Market

Parsons Corporation (NYSE:PSN) shares are trading relatively flat in the premarket session on Tuesday.

The firm announced the acquisition of TRS Group, an environmental solutions firm specializing in remediation technology, in an all-cash deal valued at $36 million.

This deal is set to enhance Parsons’ Federal Solutions and Critical Infrastructure segments, particularly in environmental remediation.

Founded in 2000, TRS Group addresses per- and polyfluoroalkyl substances (PFAS), along with other hazardous contaminants in soil, groundwater, and fire suppression systems.

TRS has completed over 160 thermal remediation projects. It aims to eliminate volatile organic compounds, ...

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