The Intelligence Group/TIG Environmental Revolutionizes Environmental Forensics and Sediment Management with Verdantas Partnership
Gracie Gottlieb | 14 September, 2023
DUBLIN, Ohio—Verdantas, a leading provider of environmental services and sustainable engineering, has announced its acquisition of The Intelligence Group (TIG)/TIG Environmental. This partnership brings together a powerhouse of expertise in environmental forensics, data analytics, and sediment management. The collaboration aims to enhance Verdantas' engineering and remedial services, as well as provide unique digital solutions for clients managing environmental liabilities.
The addition of TIG Environmental to the Verdantas team is seen as a significant step forward in delivering comprehensive solutions to clients. By joining forces, Verdantas and TIG Environmental can offer a broader range of services and cater to a wider client base. This strategic move is aligned with Verdantas' commitment to serving its clients' sustainability and strategic infrastructure objectives.
Jesse Kropelnicki, CEO of Verdantas, expressed his enthusiasm for the partnership, stating that the collaboration with TIG will allow Verdantas to offer more to its clients. Kropelnicki also emphasized the shared values between the two companies, particularly their people-focused culture and dedication to collaboration and teamwork.
The Intelligence Group CEO, Dennis Farley, echoed these sentiments, emphasizing that joining Verdantas will enable TIG Environmental to expand the range of services it provides to its clients. Farley also highlighted the opportunity for TIG Environmental employees to deploy their expertise across a broader range of challenges.
This acquisition has been met with excitement from industry experts, such as Chris Lee, Co-Founder and Managing Partner at RTC Partners. Lee believes that the combination of TIG Environmental's unique capabilities and Verdantas' extensive services will deepen Verdantas' focus on strategic growth, ultimately benefiting clients, employees, and shareholders alike.
Founded over 20 years ago, TIG Environmental has built a reputation for successfully navigating complex environmental projects. Their team of experts specializes in investigating, analyzing, and making informed decisions that drive projects to successful outcomes. With their experience and tools in advanced environmental science, engineering, statistics, project management, and information design, TIG Environmental has played a crucial role in the investigation and remediation of contaminated sites across the US, Europe, and Asia.
Verdantas, with its 925 employees and 44 offices throughout the US, is known for its team of top scientists, engineers, and technical experts. The company's people-focused culture prioritizes the well-being of its employees, clients, and the communities they serve. As part of their growth strategy, Verdantas is actively seeking additional companies that align with their strategic vision and culture.
RTC Partners, a private equity firm specializing in professional, business, and healthcare services industries, facilitated the acquisition. Their emphasis on human capital and organic growth aligns with Verdantas' commitment to sustainable, long-term value creation for all stakeholders.
The legal counsel for the transaction was provided by Greenberg Traurig, LLP and Stradling, Yocca, Carlson and Rauth, P.C., while BDO USA, LLP and CohnReznick, LLP served as financial and tax advisors on behalf of RTC and its affiliates.
The partnership between Verdantas and TIG Environmental marks a significant milestone in the field of environmental services. By combining their expertise, these companies are poised to revolutionize environmental forensics, sediment management, and digital solutions in support of their clients' sustainability goals. As their collaboration unfolds, industry professionals and stakeholders eagerly anticipate the innovative solutions and positive impact that will result from this strategic partnership.
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