GI Partners Acquires Atlas Technical Consultants for $1.05 Billion
April 19, 2023
Atlas Technical Consultants announced the completion of its all-cash acquisition by GI Partners in a transaction valued at approximately $1.05 billion, including outstanding debt. Atlas stockholders received $12.25 per share, and the company ceased trading and was delisted from Nasdaq.
- Buyers
- GI Partners
- Targets
- Atlas Technical Consultants
- Industry
- Professional Services
- Location
- Texas, United States
- Transaction Type
- Buyout
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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.
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Atlas Technical Consultants Acquires Long Engineering
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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.
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Atlas Technical Consultants Acquires Alta Vista Solutions
August 3, 2020
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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.
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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.
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Atlas Merchant Capital-Led Group Acquires ~25% Stake in Ascensus
February 19, 2019
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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.
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