Houlihan Lokey Advises Odyssey Investment Partners

Houlihan Lokey is pleased to announce that Odyssey Investment Partners (Odyssey) has acquired Applied Technical Services, Inc. (ATS), a premier provider of high-quality testing, inspection, and calibration services, in partnership with Jim J. Hills, the company’s President, and the existing ATS management team.

ATS, headquartered in Marietta, Georgia, with more than 40 offices across the U.S., is a leading technical service platform that deploys a national network of experienced, highly technical professionals to provide mission-critical testing, inspection, certification, and compliance (TICC) services. Powered by innovative technology, significant operational scale and expertise, and deep knowledge of complex regulations, ATS delivers a vast suite of comprehensive services and solutions tailored to customers’ needs. ATS serves many of the world’s largest companies across numerous industries and offers advanced capabilities spanning laboratory testing, calibration services, non-destructive testing, and consulting engineering services.

A family-run company for more than 50 years, ATS will continue to be led by Mr. Hills and the existing management team, which will maintain a significant ownership position in the company.

Odyssey’s partnership with ATS builds on the firm’s experience in the testing services space through its previous investment in EAG Laboratories, a diversified materials testing provider.

Applied Technical Services, Inc., is a world-class, technologically advanced testing and inspection firm with extensive consulting and engineering capabilities. With more than 40 branch offices and more than 900 employees scattered throughout the U.S., ATS has established an excellent reputation within the industrial, commercial, medical, and legal communities for providing market-leading services that include materials testing, environmental testing, chemical analysis, calibration, non-destructive testing, forensic and consulting engineering, and fire and explosion investigation.

Odyssey Investment Partners, with offices in New York and Los Angeles, is a leading private equity investment firm with a more than 25-year history of partnering with skilled managers to transform middle-market companies into more efficient and diversified businesses with strong growth profiles. Odyssey makes majority controlled investments in industries with a long-term positive outlook and favorable secular trends.

Houlihan Lokey served as financial advisor to Odyssey. This transaction highlights the firm's preeminent position and continued success advising clients in the TICC sector.

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