Parsons Corporation (NASDAQ: PSN), a leader in providing integrated solutions within the defense, intelligence, and critical infrastructure sectors, has announced the acquisition of TRS Group, Inc., for $36 million in cash. This strategic acquisition was confirmed by Parsons in a statement released on Tuesday.
TRS specializes in providing remediation services for per and polyfluoroalkyl substances (PFAS), focusing on the decontamination of soil and groundwater from hazardous and toxic substances.
Carey Smith, President and CEO of Parsons, commented on the acquisition, stating, "The addition of TRS Group significantly bolsters Parsons' environmental remediation capabilities across our operating segments. It acts as a catalyst to enhance our already leading-edge PFAS remediation solutions."
