TRS Group Transaction Summary

TRANSACTION DESCRIPTION
The TRS Group Employee Stock Ownership Plan acquired a minority interest in TRS Group, Inc. through a transaction that successfully closed in February 2016.

COMPANY DESCRIPTION
With headquarters in Longview, Washington, TRS provides environmental remediation services across North America with growing operations internationally.  TRS’s remediation services are provided through a process called electrical resistance heating which is an in situ environmental remediation method that uses commonly available electricity to heat groundwater and soil and evaporate contaminants.  TRS is the premier provider of the electrical resistance heating remediation projects in the world.  For more information, please visit www.thermalrs.com.

CHARTWELL’S ROLE
Chartwell acted as the financial advisor to the ESOP trustee and provided a fairness opinion. For more information about this transaction, please contact Nick Braun