Verdantas | January 05, 2022
Five leading professional service groups have come together to form a national company, which is launching under a new brand: Verdantas. Round Table Capital Partners (“RTC Partners”) launched this new venture with the acquisition of Hull & Associates, LLC (“Hull”) in July of 2020, and has since expanded the organization with the acquisitions of Duffield Associates, LLC (“Duffield”), HSW Consulting, LLC (“HSW”), GeoInsight, Inc. (“GeoInsight”) and Alden Research Laboratory, Inc.(“Alden”).
Verdantas was started with a vision to build a consulting company focused on improving the world by addressing the toughest challenges facing our natural and built environments today. Over the past 18 months, Verdantas has brought together an outstanding group of consulting companies that share this common focus. The combined organization now offers a comprehensive suite of environmental, energy, water, civil infrastructure, and green and sustainable engineering services.
RTC Partners brought together an experienced and accomplished executive team to support the Verdantas mission.
“Nearly everything we offer as a company makes the world a better place – that’s what engineers, scientists and technical experts do – that’s how we are wired. We recognize we are contributing to a better, greener future, by collaborating with our clients and the communities where we work. We strive to do this in an atmosphere where our people can thrive and accomplish great things together, supported by a strong team culture.”
-Industry veteran Gerry Salontai as Chief Executive Officer (CEO). Mr. Salontai
Andra Kidd, COO of Verdantas, added, “To accomplish these ambitious goals, we must look inward, and build a people-first culture that gives our employees opportunities to work on impactful projects that will make a difference for the generations-to-come. Verdantas believes in a brighter tomorrow, and we believe getting there will require a foundation of integrity, compassion, collaboration and advanced science and expertise.”
Tony Brindisi, Co-Founder and Managing Partner at RTC Partners, commented on the formation of Verdantas: We have been selective and strategic in the formation of Verdantas. Each entity that joins integrates its engineering, planning, science, and technical expertise to solve complex problems as One Great Company. These companies bring legacies of excellence and are market-leading experts in the environment and its supporting infrastructure. RTC is excited about the enormous potential for positive impact Verdantas is pursuing.
Verdantas currently employs over 450 people across 26 offices, and is home to many of the top scientists, engineers and technical experts in the industry. Verdantas operates a people-first culture, concentrating on the well-being of its employees, clients, and the communities where they live and work. The platform is actively hiring across all disciplines and seeking additional companies with a strategic and cultural fit.
For more information, please visit the Verdantas website at verdantas.com, and address any inquiries to Terry Reynolds, VP/Corporate Marketing and Communication (email@example.com, 916-889-6681)
About RTC Partners
RTC Partners is a private equity firm that focuses on investing in and building strong businesses with committed management teams in the professional, business, and healthcare services industries. The firm’s dedicated emphasis on human capital, combined with its thoughtful approach to both organic and inorganic opportunities, allows organizations to unlock the next stage of growth while enabling sustainable and long-term value creation for all stakeholders. RTC is actively seeking additional platform and add-on acquisitions in its targeted markets. For more information, visit rtcpartners.com.
Terracon | February 16, 2022
Terracon, an employee-owned firm with a long history of providing excellence in engineering consulting services, is pleased to announce it has acquired Wang Engineering Inc. (Wang) of Lombard, Illinois, which specializes in geotechnical engineering, construction inspection, and materials testing services.
Over the past 39 years, Wang has provided geotechnical services to a wide range of clients throughout the U.S. including state and federal government as well as the private sector. The company has extensive experience performing geotechnical services for the City of Chicago, the Illinois and Indiana departments of transportation, and on other public transportation projects including highways, tollways, and railroads.
A subsidiary company, Wang Testing Services, Inc., has been sold separately and was not purchased by Terracon as part of the acquisition. Wang Engineering and Terracon will continue to work with Wang Testing Services, Inc. as a teaming partner.
"Wang is a well-respected provider of geotechnical engineering services in Illinois and Indiana with an impressive track record, We look forward to the addition of Wang's highly qualified team as we expand our services to transportation and infrastructure clients."
-Gayle Packer, Terracon chair, president, and CEO
Wang's 25 employees will immediately become part of Terracon. The firm will continue to operate locally as Wang Engineering Inc., A Terracon Company, and the transition will be seamless for clients. The new acquisition is supported by Terracon's existing offices in Chicago, Glendale Heights, Downers Grove, and Hartford, Illinois, as well as offices throughout Indiana and nearby states.
"Joining Terracon enables Wang to continue to provide the same high level of quality services we've always provided to our clients, while providing expanded access to Terracon's national resources and expertise," said Paul Wang, president, Wang Engineering. "We look forward to sharing our enhanced capabilities to benefit our clients."
"As a 100 percent employee-owned firm, we feel joining with Terracon is a terrific fit with how we value our employees,Our employees will continue to grow and bring new enhancements to our client relationships."
-Corina Farez, P.E., P.G., and vice president of Wang Engineering
The transaction was brokered by Environmental Financial Consulting Group (EFCG) of Denver. Jessica Barclay, managing partner of EFCG, said, We worked hard to find the best fit for the outstanding Wang Engineering team, and Terracon has already exceeded our expectations. They listened extremely well throughout the process and have prepared for integration and joint pursuit of new business opportunities with amiable professionalism.
Terracon is an employee-owned consulting firm comprised of more than 5,000 curious minds focused on solving engineering and technical challenges from more than 175 locations nationwide. We provide on-time and real-time data driven insights, provided by our talented employee-owners, to create an unmatched client experience that spans the lifecycle of any project, any size, anywhere. Terracon consistently ranks as a top 25 design firm by Engineering News-Record. Start to explore with us by visiting terracon.com.
The Environmental Financial Consulting Group (EFCG) was founded in 1990 to provide a data-driven and strategic edge to Architecture, Engineering, and Construction (A/E/C) firms to advance innovation, sustainability, and success of the industry. Services include M&A advisory, financial and strategic consulting, valuations, peer benchmarking analyses, industry executive conferences, and board presentations. Learn more at efcg.com.
BuildOps | May 04, 2022
BuildOps announced a vital new partnership with Sage, the leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses. As part of this new relationship, BuildOps has integrated with Sage Intacct and Sage Intacct Construction, Sage's cloud financial management solutions designed to meet the unique needs of many firms, including construction companies. Used together, BuildOps and Sage Intacct will streamline and integrate Service Management, Project Management, Dispatching, Time Capture, and core financial management activities – from initial quote to final closeout.
"Connected cloud solutions are the future of construction-, service-, and project-based technology, By ensuring a seamless transition of service and project data from BuildOps to any one of the Sage Intacct versions, firms can expect significant improvements in workflow efficiency, information accuracy, and cost savings."
BuildOps' Head of Growth, Glen West
Both BuildOps and Sage Intacct are designed to eliminate the need for paper-based processes, improve data access, and enable collaboration among teams; a hallmark of cloud-based software solutions. "In many ways, BuildOps and Sage share the same vision for technology and meeting the needs of our customers," said Melody Williams, Head of Business Development for Sage Intacct. "As technology providers, we have both seen the positive impacts of our cloud platforms, and we look forward to the many benefits this new integration will deliver for our joint customers."
BuildOps is an all-in-one cloud-based software solution that empowers commercial HVAC, plumbing, electrical and mechanical contractors to efficiently and effectively manage operations and field service on a single platform while maximizing efficiency and driving profitability. Founded in 2018, BuildOps has gone on to transform the lives of commercial contractors across the industry.
Pretium | March 21, 2022
Onyx+East, an award-winning homebuilder headquartered in Indianapolis and known for its modern and functional home designs, and Pretium, a specialized investment firm with $40 billion in assets, today announced the start of construction of Monterey, the first build-to-rent ("BTR") community under development through their previously announced joint venture. As part of the joint venture, Onyx+East and Pretium are committed to investing approximately $600 million to develop, build, and operate new single-family, BTR communities across key Midwestern markets and along Florida's West Coast.
Monterey will be a 24-home BTR community in Tampa, Florida with brand-new townhomes that incorporate sustainable home features such as luxury vinyl plank flooring and stucco exteriors, providing a sustainable and modern rental option. Located among the vibrant neighborhoods of West Tampa and Westshore, the location also provides easy access to Midtown Tampa, a 22-acre mixed-use district featuring Class A office space, mixed-use retail and entertainment, luxury apartment residences, and a boutique hotel.
Residents will have the option to rent three- and four-bedroom townhomes with attached garages and will be walking distance from Midtown Tampa's coveted urban amenities including Whole Foods, REI, a community dog park, and a watercourse trail. Monterey is a short commute from employment centers with over 160,000 jobs and major economic drivers including The University of Tampa, West River Development, and the Tampa General Hospital.
"This attractive location in Tampa's Midtown offers residents convenient transportation options throughout the Tampa/St. Pete metro area and plentiful opportunities for shopping, dining, and outdoor activities, Monterey will provide a desirable alternative to typical apartment living, offering residents a higher quality rental experience featuring private garages, dedicated outdoor spaces, and open and flexible floor plans."
Onyx+East's CEO, Kelli Lawrence
"Our partnership with Onyx+East and the Monterey project are emblematic of the high-quality, accessible, and affordable homes we are committed to building, renting, and operating," said Matt Johnston, Managing Director and Head of Build-to-Rent at Pretium. "This BTR community will offer Tampa residents a single-family lifestyle of modern, sustainable, and healthy homes with amenities and a location that we know our residents want. With today's national housing supply shortage only intensifying, we will continue to work with our partners to build homes and play a leading role as part of the private capital solution."
Monterey will be located at 1315 N. Himes Avenue. The joint venture purchased the land in February 2022 and the first units are expected to be available to rent in Q4 2023.
Onyx+East is a full-service homebuilder executing development, construction, marketing, design, and sales with four offices in the Midwest and Florida. Founded in 2015 to deliver homes in the most desirable locations with an exceptional customer experience, Onyx+East creates places designed for modern living that are connected within growing cities and suburbs. Through creativity, innovation, and sustainability, Onyx+East creates communities that are changing the way people live, work and "do life." For more information, visit onyxandeast.com.
Pretium is a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit. Pretium was founded in 2012 to capitalize on secular investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium's platform has approximately $40 billion of assets under management as of February 1, 2022 and employs more than 3,000 people across 30 offices, including London and Dubai.