The investigation concerns whether Parsons and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

Parsons to present at the Raymond James 46th Annual Institutional Investors Conference.

CHANTILLY, Va., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that it has acquired TRS Group, Inc. (TRS), an environmental solutions firm that specializes in remediation technology, in an all-cash transaction valued at $36 million. This transaction benefits both Parsons’ Federal Solutions and Critical Infrastructure segments.Formed in 2000, TRS is an industry leader in per and polyfluoroalkyl substances (PFAS), thermal, and holistic environmental remediation, having cleaned hazardous and toxic substances from soil, groundwater, and fire suppression systems for global clients. The company has successfully completed more than 160 in situ thermal remediation projects, establishing itself as a proven operator in treating volatile and semi-volatile organic compounds, including PFAS, energetics, and pesticides in soil, groundwater, and bedrock. TRS’ thermal remediation technology accelerates the breakdown and removal of hazardous substances, such as chlorinated hydrocarbons and other organic pollutants, to treat a wide range of contaminants, offering an efficient and sustainable solution for environmental remediation.“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,” said Carey Smith, president and chief executive officer of Parsons