Atlas Technical Consultants Acquired by GI Partners

Atlas Technical Consultants (Atlas), a leading provider of infrastructure and environmental solutions, today announced the completion of its acquisition by GI Partners, a private investment firm, in an all-cash transaction valued at approximately $1.05 billion, including outstanding debt. The agreement to be acquired was previously announced on January 31, 2023 and approved by Atlas stockholders at Atlas’ Special Meeting of Stockholders held on March 29, 2023.

With the completion of the transaction, Atlas stockholders will receive $12.25 per share in cash for each share of Atlas common stock they owned, which represents a premium of approximately 124 percent over Atlas’ unaffected closing share price of $5.47 on January 30, 2023. Atlas’ common stock has ceased trading and will be delisted from Nasdaq.

“We are excited to enter this new chapter for Atlas. Under private ownership and in partnership with GI Partners, we will accelerate growth and drive greater value to our customers while providing continued opportunities for our employees,” said CEO L. Joe Boyer.

Advisors

BofA Securities served as exclusive financial advisor to Atlas and Kirkland & Ellis LLP served as Atlas’ legal advisor.

Houlihan Lokey served as exclusive financial advisor to GI Partners and Ropes & Gray LLP acted as GI Partners’ legal advisors.