M&A Deal Summary

Atar Capital Acquires FIS

On December 22, 2016, private equity firm Atar Capital acquired energy services and equipment company FIS from Furmanite

Acquisition Highlights
  • This is Atar Capital’s 1st transaction in the Energy Services and Equipment sector.
  • This is Atar Capital’s 1st transaction in the United States.
  • This is Atar Capital’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2016-12-22
Target FIS
Sector Energy Services and Equipment
Buyer(s) Atar Capital
Sellers(s) Furmanite
Deal Type Divestiture

Target

FIS

Tulsa, Oklahoma, United States
Frontier Integrity Solutions is an outsourced provider of inspection and integrity services to the oil and gas industry. Frontier Integrity Solutions works with highly trained subject matter experts, displaying a true commitment to quality-of-work across an array of services, acting in concert to provide real-world, turnkey solutions. FIS is based in Tulsa, Oklahoma.

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Buyer(S) 1

Buyer

Atar Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Atar Capital is a private investment firm focused on complex acquisitions and turnarounds. The Firm has a special interest in non-core or non-strategic divestures of public companies. Atar seeks opportunities with $50 million to $1.5 billion of revenue and up to $25 million of EBITDA. Targeted sectors include automotive, manufacturing, distribution, industrials, business services, media/entertainment, technology, consumer products, food/beverages, healthcare, aerospace/defense, and transportation. Atar Capital was established in 2016 and is based in Los Angeles, California.

DEAL STATS #
Overall 1 of 10
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 7
State (Oklahoma) 1 of 1
Country (United States) 1 of 8
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-05 RWS

Chadds Ford, Pennsylvania, United States

RWS develops and manages end-to-end recycling, waste and sustainability programs for multi-site blue chip customers across North America. RWS is a full-service provider and category manager with an asset light business model. Its customers benefit from market leading technology, action oriented analytics and reporting, and an expertly managed commodities trading platform. RWS is headquartered in Chadds Ford, Pennsylvania and has offices located in Atlanta, Georgia; Plano, Texas; St. Louis, Missouri; and Los Angeles, California.

Buy -

Seller(S) 1

SELLER

Furmanite

Richardson, Texas, United States
Category Company
Founded 1920
Sector Energy Services and Equipment
Employees3,017
Revenue 529M USD (2014)
DESCRIPTION

Furmanite Corp. is a provider of an on-site and on-line plant and pipeline maintenance services in energy industry.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Mergr

Product

Company

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