Verdantas, a Tampa-based provider of science, engineering, and consulting services, was recently acquired by Sterling Investment Partners in a deal where the financial terms were not disclosed. Greenberg Traurig, LLP served as legal counsel for RTC Partners in the sale of Verdantas to Sterling Investment Partners. Dechert LLP and Seyfarth Shaw LLP acted as legal counsel for Sterling.
Verdantas’ management, employees, and RTC will maintain significant equity stakes in the company as part of the acquisition. Christopher Lee, co-founder and co-managing partner at RTC, expressed gratitude towards the Verdantas team for their contributions to the company’s success. He highlighted the team’s efforts in implementing growth strategies such as organic expansion and strategic acquisitions while fostering a culture centered on collaboration and trust within the organization.
In addition to Greenberg Traurig providing legal counsel, Cohn Reznick, LLP and CliftonLarsonAllen, LLP acted as accounting and tax advisors for RTC Partners in the transaction. On the other side, Dechert LLP and Seyfarth Shaw LLP served as legal counsel while Alvarez & Marsal LLP provided tax advisory services for Sterling Investment Partners and its affiliates. Both firms specialize in middle market investments; however, RTC Partners focuses on lower middle market segment investments while Sterling Investment Partners concentrates on investments in middle market segments.
The acquisition is expected to further strengthen Verdantas’ position in its industry by providing access to additional resources and expertise from Sterling Investment Partners. The deal marks another successful venture for both companies involved.
In conclusion, this acquisition shows that companies can still thrive during challenging times with proper planning and execution. It also highlights how important it is to have strong partnerships with professionals who can provide valuable guidance during such transactions.
