Ardurra Group, Inc. Acquires Ritoch-Powell & Associates, Inc.
TAMPA, Fla.–(BUSINESS WIRE)–Ardurra Group, Inc. (Ardurra) has acquired and merged with Ritoch-Powell & Associates, Inc. (RPA), a multi-disciplined civil engineering firm.
"“We are very pleased to welcome the entire RPA team to the Ardurra family. By strategically expanding our footprint into a new, high-growth geography and enhancing our service offering with such a talented group of professionals, we believe this partnership is a win for all stakeholders.”"
Ardurra Group is an Engineering News-Record Top 500 firm providing consulting and engineering services to public and private entities throughout the United States. RPA will serve as a platform to expand our presence in Arizona and surrounding states.
RPA will operate as RPA, an Ardurra Group Company, from its offices in Arizona.
Ardurra’s President & CEO, Ernesto Aguilar, explained, “We knew from our first meeting that combining forces was something we needed to do. We share similar cultures, market strategies and a strong focus on client service. This was a no brainer! We are excited to continue building a special company with RPA.”
Karl Obergh, RPA President, added, “Our main goal is to provide opportunities to our staff and allow them to experience new and exciting projects. The cultures of Ardurra and RPA are completely parallel, making this merger a 1 + 1 = 3 versus. 2.”
Tony Brindisi, Co-Founder and Managing Partner at RTC Partners, added, “We are very pleased to welcome the entire RPA team to the Ardurra family. By strategically expanding our footprint into a new, high-growth geography and enhancing our service offering with such a talented group of professionals, we believe this partnership is a win for all stakeholders.”
Greenberg Traurig, LLP, acted as legal counsel and CohnReznic, LLP, acted as financial and tax advisor on behalf of Ardurra.
Morrissey Goodale LLC initiated the transaction.
Ardurra Group, Inc. operates as a portfolio company of RTC Partners, LP. RTC Partners is a New York-based private equity firm that partners with managers of middle market companies to unlock growth opportunities. Further information is available at www.rtcpartners.com.
Contact:
Ardurra Group
Cinnamon Wagener, 346-666-5192
cwagener@ardurra.com
