Sterling Investment Partners, a well-known firm in the middle market, has recently acquired Verdantas, a science, engineering, and consulting company based in Tampa. The financial details of the transaction have not been disclosed, but it is reported that Verdantas’ management, employees and RTC will retain significant equity stakes in the company.
Christopher Lee, co-founder and co-managing partner at RTC Partners expressed his gratitude to the Verdantas team in a statement. He highlighted their strong growth strategies including organic expansion and strategic acquisitions as well as their focus on building a collaborative and engaging work culture. Greenberg Traurig LLP provided legal counsel to RTC Partners while Cohn Reznick LLP and CliftonLarsonAllen LLP served as accounting and tax advisors.
On the other hand, Dechert LLP and Seyfarth Shaw LLP acted as legal counsel while Alvarez & Marsal LLP acted as tax advisor to Sterling Investment Partners. This acquisition marks not only a successful exit for RTC Partners but also paves the way for further growth and development for Verdantas under Sterling Investment Partner’s stewardship.
