TRC Cos. (TRR) Announces Acquisition of X-Line; Sees Accretion by FQ116

TRC Cos. (NYSE: TRR) announced it has acquired X-Line, Inc., based in Villa Rica, Ga. X-Line's 37 employees provide distribution engineering and design services to customers in the power and telecommunications industries. Financial terms of the agreement were not disclosed. TRC expects the transaction to be accretive to earnings by Q1 of TRC's fiscal 2016.

"The acquisition of X-Line will support TRC's ability to capitalize on growing opportunities in distribution engineering and design," said TRC Chairman and Chief Executive Officer Chris Vincze. "X-Line adds technical depth, experience and expertise, while reinforcing TRC's leadership, management and reputation in this core business. X-Line's footprint in the Southeast U.S. strengthens TRC's presence in the existing markets of Georgia, Alabama and Tennessee, while also adding Kentucky, and brings opportunities to expand relationships with major clients in power distribution and telecommunications."

"TRC's national reputation, capital resources and corporate infrastructure provide a powerful platform for us to drive growth in our core competencies," said Bryan Powell, CEO of X-Line. "We are excited to join the TRC team as we work together to capitalize on new business opportunities and drive and expand on existing relationships in the power and telecom markets."

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