RTI makes another deal, acquiring consulting group of Colorado firm
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Research Triangle Park, N.C. — 2017 is certainly off to a fast start for RTI International.
RTI Iis adding nearly 40 consultants to its global arsenal of research and related services by acquiring a division of Colorado-based Riverside Technology. It's the second addition to RTI made through acquisition formally announced Monday.
The independent nonprofit institute with more than 4,700 employees spread across more than 75 countries gains its first office in Colorado as part of the Riverside deal. Financial terms were not disclosed.
Earlier Monday, RTI announced the closing of a deal
to acquire Washington, D.C.-based International Resources Group, a provider of services to the U.S. Agency for International Development and with contracts around the world.
“Bringing the highly successful and valuable Riverside consulting division within the RTI family will give us the increased capacity needed to successfully grow our business and expand our client base,” said RTI CEO Wayne Holden in a statement. “Combining these two organizations will position RTI to tackle a host of challenges arising from global water shortages.”
Some 37 Riverside employees join RTI as part of the deal and will be based in Fort Collins, Col.
The group provides water resources management and engineering services to clients worldwide. According to the firm's website, Riverside has completed more than 1,500 projects in 46 countries.
With the deal, RTI said it plans to "build a hydro-climate research and consulting practice that can offer a broader range of services and technology in integrated water resources management and climate change adaptation planning and implementation."
As part of the deal, Riverside CEO Larry Brazil becomes an RTI vice president.
“We are excited to join an excellent and reputable organization that shares our mission-driven approach and core values,” Brazil said. "Together, our enhanced capacity will position us to expand our service offerings in the vital arena of water resources management in support of solving the world’s most challenging water, land and climate problems.”
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