FORT COLLINS — Riverside Technology Inc. has sold its consulting division to RTI International, based in Research Triangle Park, N.C.
The division employs about 40 people and provides water-resources management and engineering services to clients worldwide. Financial terms of the deal were not disclosed.
The nonconsultation portion of Riverside will continue to be based in Fort Collins and serve its federal customers, including the National Oceanic and Atmospheric Administration, the U.S. Geological Survey, U.S. Fish and Wildlife, the U.S. Department of Agriculture and others with scientific support services.
RTI employs approximately 4,700 people worldwide, providing research and technical services to governments and businesses in more than 75 countries.
“We are excited to join an excellent and reputable organization that shares our mission-driven approach and core values,” said former Riverside chief executive and new RTI division vice president, Larry Brazil, in a prepared statement. “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. This also presents an opportunity for the remaining Riverside team to grow the company in new directions.”
“Riverside will continue providing the support services our customers have come to expect from us, as well as maintaining the highest levels of customer service,” said new Riverside CEO, Brian Ashe. “We are very excited for the future direction of Riverside and the opportunities in front of us. We have an excellent team in place at Riverside and we will move ahead as a company focused on providing superior services to our Federal customer base.”