Verdantas, a private-equity-backed firm specializing in environmental consulting, sustainable engineering, modeling and digital technology, announced today it has acquired GRP Engineering, Inc. (GRP).
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231213200642/en/
Based in Petoskey, Michigan, GRP is an independent power utility consulting and electrical engineering firm delivering electrical design and construction administration services to a diverse array of clients within the power market, including electric cooperatives, municipalities, investor-owned utilities, plus industrial and commercial entities.
“Verdantas has made strides in the recent years to establish a strong presence in the power market, successfully performing substation asset digitization, reliability upgrades for transmission and distribution, and providing geotechnical, site/corridor design, as well as environmental planning and permitting services,” said Jesse Kropelnicki, CEO of Verdantas. “This acquisition is a strategic next step to build on that progress, expanding our electrical engineering team and service offerings to advance our capabilities and better meet the evolving needs of our clients and our nation’s shift towards sustainable energy.”
GRP brings a wealth of expertise that are complimentary to Verdantas’ existing capabilities including: Overhead and Underground Power Line Engineering, Planning and Route Selection, System Modeling and Planning, Load Flow Analysis, Right-of-Way Procurement, Maintenance, and Reliability System Upgrade Design. Additionally, GRP’s services extend to Fiber System Design, Industrial Power System Design, T&D Substation and Switching Station Engineering, Protective Relay Modeling and Design upgrades, Substation Controls, SCADA & RTU systems, Collector System Design, Interconnect Substation Design, and Utility Coordination.
“Verdantas recognizes the energy market as a strategic catalyst for exponential growth, with a dedicated focus on the electric utility sector,” said Ashley Chang, Vice President of RTC Partners. “In anticipation of significant capital expenditures in the coming decades, Verdantas aims to address the pressing needs arising from aging infrastructure, the imperative to digitize, reliability enhancements prompted by climate-induced energy transition and the impending retirement of utility personnel.”
About Verdantas
Verdantas specializes in delivering an integrated mix of environmental consulting, sustainable engineering, modeling, and cutting-edge digital technology to support markets with secular tailwinds and foster sustainable project outcomes. Our expertise spans power projects including renewables, water resources, government related land use and remediation as well as traditional transportation infrastructure projects. Our team of nearly 1,000 professionals, consisting of environmental scientists, engineers, geologists, and technical specialists, collaborates closely with clients, utilizing advanced technology to deliver precise datasets and models for complex environmental and infrastructure challenges. Functioning as strategic partners, we assist clients in achieving their infrastructure and sustainability objectives. Grounded in a people-focused culture, Verdantas prioritizes the well-being of our employees, clients, and communities we serve. For more information, please visit www.verdantas.com.
About RTC Partners
RTC Partners is a private equity firm that invests in and builds 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 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 platforms and add-on acquisitions in its markets. For more information, visit rtcpartners.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231213200642/en/