GI Partners Acquires Atlas Technical Consultants for ~$1.05B
April 19, 2023
GI Partners has completed the acquisition of Atlas Technical Consultants in an all-cash transaction valued at approximately $1.05 billion, including outstanding debt. Atlas stockholders received $12.25 per share, Atlas common stock will be delisted, and the take-private is intended to accelerate growth under GI Partners’ ownership; Bernhard Capital Partners was the company’s leading investor prior to the sale.
- Buyers
- GI Partners
- Targets
- Atlas Technical Consultants
- Sellers
- Bernhard Capital Partners, Atlas stockholders
- Industry
- Engineering Services
- Location
- Texas, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Atlas Technical Consultants and ATC Group Services Merge to Create National Infrastructure Services Leader
January 22, 2019
Engineering Services
Atlas Technical Consultants and ATC Group Services, both backed by Bernhard Capital Partners, announced a merger that will retain the Atlas name and combine their complementary engineering, testing, inspection and environmental consulting capabilities. The combined company will operate across more than 40 states with a network of offices and employees, positioning the business for expanded service offerings and national scale.
-
Atlas Technical Consultants Acquires Long Engineering
November 20, 2019
Engineering Services
Atlas Intermediate Holdings LLC (operating as Atlas Technical Consultants) has signed an agreement to acquire Long Engineering, Inc., a civil and transportation engineering and surveying firm headquartered in Atlanta, Georgia. The add-on deal expands Atlas' service capabilities (including subsurface utility engineering and construction engineering/inspection) and strengthens its footprint and client relationships across the Southeast; Atlas expects to close the transaction prior to year-end as it pursues a planned business combination with Boxwood Merger Corp.
-
GI Partners Acquires GTY Technology Holdings
July 7, 2022
Cloud & SaaS
GI Partners, through an affiliate, completed the acquisition of GTY Technology Holdings Inc. for $6.30 per share, taking GTY private. The transaction, approved by GTY shareholders, delists GTY from public markets and transitions the company to private ownership under GI Partners to support its growth in public-sector cloud software.
-
Atlas Technical Consultants Acquires TranSmart Technologies, Inc.
March 11, 2022
Engineering Services
Atlas Technical Consultants has acquired TranSmart Technologies, Inc., a Chicago-headquartered transportation engineering and consulting firm. The deal, facilitated by sell-side advisor Woodbridge International, will expand Atlas’s ITS, traffic and transportation engineering capabilities and extend TranSmart’s services into larger projects and new U.S. markets.
-
Atlas Merchant Capital-Led Group Acquires ~25% Stake in Ascensus
February 19, 2019
Financial Services
A group of new investors led by Atlas Merchant Capital LLC, including GIC, will acquire just under 25% of Ascensus from existing owners Genstar Capital and Aquiline Capital Partners. The minority investment is a growth-capital/secondary transaction to support Ascensus' continued growth and provide liquidity to existing sponsors; terms were not disclosed and the deal was expected to close in Q1 2019.
-
Atlas Technical Consultants Acquires Alta Vista Solutions
August 3, 2020
Engineering Services
Atlas Technical Consultants, Inc. (Nasdaq: ATCX) has entered into a definitive agreement to acquire Alta Vista Solutions, Inc., a transportation-focused provider of construction engineering, materials testing and inspection services headquartered in Oakland, California. Alta Vista operates approximately 100 employees across four offices in California and one office in New York City; the transaction, with terms undisclosed, was expected to close in the third quarter of 2020. The deal expands Atlas' ability to self-perform testing and inspection work and strengthens its presence in California and New York transportation markets.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.