Bernhard Capital Partners announced that BCP Fund I portfolio company Atlas Technical Consultants has entered into a definitive agreement to be acquired by private investment firm GI Partners in an all-cash transaction valued at approximately $1.05B, 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% over the company’s unaffected closing share price of $5.47 on January 30. Headquartered in Austin, Texas, Atlas is a leading provider of infrastructure and environmental solutions focused on improving performance and extending the lifecycle of built and natural infrastructure assets to assure smart, safe, and sustainable performance.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on ATCX:
- Bernhard Capital-Backed Atlas Technical Consultants, Inc. to Be Acquired in a Transaction Valued at $1.05 billion
- Atlas Technical Consultants acquired by GI Partners for $12.25 per share
- Atlas Technical Consultants downgraded to Neutral from Buy at DA Davidson
- Atlas Technical Consultants, Inc. Enters into Definitive Agreement to Be Acquired by GI Partners for $12.25 Per Share
- Atlas Technical Consultants awarded $21M contract extension for CMT