Verdantas Expands with Groundwater Sciences Acquisition
Deal News | Nov 13, 2024 | Sterling Investment Partners L
Verdantas, a prominent consulting firm in environmental and sustainable solutions, backed by Sterling Investment Partners, has announced the acquisition of Groundwater Sciences Corporation (GSC). The acquisition aims to bolster Verdantas' environmental site assessment and remediation services and expand its footprint in the Northeastern U.S. For over 37 years, GSC has built a reputation for excellence in geology and environmental consulting. This strategic move fortifies Verdantas’ position in key markets, increasing their capability to provide top-tier environmental consulting. Key figures in the deal, such as Jesse Kropelnicki, CEO of Verdantas, and James Soldano, Partner at Sterling, have expressed enthusiasm for the alignment of values and mission the acquisition brings. GSC's well-established expertise will enhance Verdantas' ability to serve a wide-ranging client base, including Fortune 500 companies. This acquisition is a step forward in Verdantas’ mission to address complex environmental challenges.
Sectors
- Environmental Services
- Consulting
- Private Equity
Geography
- United States – Verdantas and GSC primarily operate in this region, with a strong focus on the northeastern states.
- Northeastern United States – This region is pivotal due to Verdantas' expansion of services and presence.
Industry
- Environmental Services – Relevant due to Verdantas' focus on environmental solutions and GSC's expertise in site assessment and remediation.
- Consulting – Verdantas and GSC both operate within the consulting sector, providing technical advice and solutions.
- Private Equity – Sterling Investment Partners, a private equity firm, backs Verdantas, facilitating the acquisition strategy.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Verdantas | Buyer | Company | A leading consulting firm providing environmental, water, and energy transition solutions. |
| Groundwater Sciences Corporation (GSC) | Target | Company | A firm specializing in environmental site assessment and remediation. |
| Sterling Investment Partners | PE Firm | Company | A private equity firm backing Verdantas in the acquisition. |
| Jesse Kropelnicki | CEO | Person | CEO of Verdantas, overseeing and commenting on the strategic acquisition. |
| James Soldano | Partner | Person | Partner at Sterling Investment Partners contributing to the strategic vision. |
| Nikki Delude Roy | Northeast and MidAtlantic Area Leader | Person | Leader at Verdantas aiding in the integration of GSC. |