Atlas Technical Consultants, a portfolio company of Bernhard Capital Partners’ BCP Fund I, has entered into a definitive agreement to be acquired by GI Partners in an all-cash transaction valued at $1.05 billion, including outstanding debt.
Under the terms of the transaction, Atlas shareholders will receive $12.25 per share in cash, which represents a premium of approximately 124 percent over the company's unaffected closing share price of $5.47 on Jan. 30.
Headquartered in Austin, Atlas is a provider of infrastructure and environmental solutions focused on improving performance and extending the life cycle of built and natural infrastructure assets. Bernhard Capital originally formed Atlas Technical Consultants in 2017 through the acquisition of three major infrastructure management companies: Moreland Altobelli Associates, PAVETEX Engineering and Engineering Testing Services. Bernhard Capital helped grow and transform the business through 19 acquisitions that ultim