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, a Tampa-based provider of science, engineering, and consulting services, was acquired by Sterling Investment Partners in a deal where the financial terms were not disclosed. As part of the acquisition, Verdantas’ management, employees, and RTC will maintain significant equity stakes in the company.
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 as well as fostering a culture centered on collaboration and trust within the organization. In addition to Greenberg Traurig providing legal counsel, Cohn Reznick provided accounting services while CliftonLarsonAllen acted as 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 provided tax advisory services for Sterling Investment Partners.