RTC Partners, based in Miami, specializes in lower middle market investments. The company served as legal counsel for Verdantas’ sale to Sterling Investment Partners, which focuses on investing in the middle market. Greenberg Traurig, LLP acted as legal counsel for RTC Partners in the transaction, while Dechert LLP and Seyfarth Shaw LLP provided legal counsel for Sterling. Cohn Reznick, LLP and CliftonLarsonAllen, LLP served as accounting and tax advisors for RTC Partners. Alvarez & Marsal LLP provided tax advisory services for Sterling Investment Partners and its affiliates.
Verdantas is a Tampa-based provider of science, engineering, and consulting services that 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 expressed gratitude towards Verdantas team for their contributions to the company’s success. He highlighted their 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.