Houlihan Lokey Advises GI Partners

Houlihan Lokey is pleased to announce that GI Partners has acquired Atlas Technical Consultants, Inc. (NASDAQ:ATCX; Atlas), a leading provider of infrastructure and environmental solutions, in an all-cash transaction valued at approximately $1.05 billion, including outstanding debt. The transaction closed on April 19, 2023.

Under the terms of the transaction, Atlas shareholders will receive $12.25 per share in cash, which represents a premium of approximately 124% over the company’s unaffected closing share price of $5.47 on January 30, 2023. With the completion of the transaction, Atlas’ shares will no longer trade on Nasdaq and Atlas will become a private company.

Atlas is a leading provider of infrastructure and environmental solutions. The company partners with its clients to improve performance and extend the lifecycle of built and natural infrastructure assets stressed by climate, health, and economic impacts. With 3,500+ employees nationwide, Atlas brings deep technical expertise to public- and private-sector clients, integrating services across four primary disciplines: Environmental Solutions; Testing, Inspection, and Certification; Engineering and Design; and Program, Construction, and Quality Management.

Founded in 2001 GI Partners is a private investment firm with more than 150 employees and offices in San Francisco, New York, Dallas, Chicago, Greenwich, Scottsdale, and London. The firm has raised more than $40 billion in capital and invests on behalf of leading institutional investors around the world through its private equity, real estate, and data infrastructure strategies. The private equity team invests primarily in companies in the healthcare, services, and software sectors. The real estate team focuses primarily on technology and life sciences properties as well as other specialized types of real estate. The data infrastructure team invests primarily in hard asset infrastructure businesses underpinning the digital economy.

Houlihan Lokey served as the exclusive financial advisor to GI Partners.

This transaction highlights the team’s expertise and continued success in the engineering services and testing, inspection, and certification sectors.

RELATED: Business Services, Testing, Inspection, Certification, and Compliance