Buyout (LBO, MBO, MBI) • Test/Measurement Equipment

Odyssey Investment Partners Acquires Applied Technical Services

On January 19, 2021, private equity firm Odyssey Investment Partners acquired test/measurement equipment company Applied Technical Services

Acquisition Context
  • This is Odyssey Investment Partners’ 3rd transaction in the Test/Measurement Equipment sector.
  • This is Odyssey Investment Partners’ 45th transaction in the United States.
  • This is Odyssey Investment Partners’ 2nd transaction in Georgia.
Investment Fate
  • Applied Technical Services was sold to a publicly-traded strategic buyer in 2025 for 1.3B USD.

Explore All 156 Buyout (LBO, MBO, MBI) Test/Measurement Equipment Deals - Search the Database Free


M&A Deal Summary

Date January 19, 2021
Target Applied Technical Services
Sector Test/Measurement Equipment
Buyer(s) Odyssey Investment Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Harris Williams (Financial)

Target Company

Applied Technical Services

Marietta, Georgia, United States
Applied Technical Services is a provider of engineering, testing, inspection, certification and compliance services. The Company’s diverse service offering helps customers maintain compliance with regulatory standards, preserve the functionality and accuracy of critical assets, and reveal important attributes of materials, products and equipment. Applied Technical Services was founded in 1967 and is based in Marietta, Georgia.
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Buyer Overview 1

Buyer

Odyssey Investment Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 8.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Odyssey Investment Partners is a private equity firm that seeks control/majority investments in middle-market companies. Odyssey looks to back existing management and make investments in the form of leveraged acquisitions, growth financings and recapitalizations. Sectors of interest include industrial manufacturing, business and financial services, aerospace products and services, and 'route-based services'. Odyssey Investment Partners is based in New York, New York.


Deal Context for Buyer #
Overall 48 of 54
Sector: Test/Measurement Equipment 3 of 3
Type: Buyout (LBO, MBO, MBI) 20 of 22
State: Georgia 2 of 3
Country: United States 45 of 51
Year: 2021 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Champions Group

Irvine, California, United States

Champions Group is a provider of essential residential service and replacement services including air conditioning repair and replacement, plumbing, solar and electrical services. Champions Group was founded in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-29 SIAA

Hampton, New Hampshire, United States

SIAA is a national alliance of independent insurance agents with billions in combined profitable premium. SIAA utilizes its collective strength through traditional and alternative market channels for the purpose of providing insurance consumers with competitive choices in addition to providing significant profit and equity appreciation opportunities for SIAA Member Agencies. SIAA was founded in 1995 and is based in Hampton, New Hampshire.

Buy -