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 4th 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
FIS is an outsourced provider of inspection and integrity services to the oil and gas industry. The company supports midstream pipelines, terminals, storage tanks, and energy infrastructure across the U.S., offering construction oversight, non-destructive testing, and integrity management solutions. FIS was founded in 1975 and is based in Tulsa, Oklahoma.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

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 4 of 13
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 2 of 8
State: Oklahoma M&A 1 of 1
Country: United States M&A 4 of 11
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-03 Tampa Media Group

Largo, Florida, United States

Tampa Media Group, Inc. publishes the The Tampa Tribune, a daily newspaper that was originally established in 1895 and that serves the Tampa Bay/St. Petersburg market.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-25 Maysteel Industries

Allenton, Wisconsin, United States

Maysteel Industries specializes in designing, engineering, and manufacturing custom, precision, OEM sheet metal enclosures, electrical cabinets, and metal fabricated assemblies. The company's product solutions are widely used in the alternative energy, kiosk, gaming, security, medical, utility, industrial drive and automation, and self-serve/vending machine industries and are also found in a variety of other applications. Maysteel Industries was founded in 1936 and is based in Allenton, Wisconsin.

Sell -

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 M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Oklahoma M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1