M&A Deal Summary

Atlas Holdings Acquires Iconex

On May 27, 2016, private equity firm Atlas Holdings acquired forest products company Iconex from NCR Voyix

Acquisition Highlights
  • This is Atlas Holdings’ 4th transaction in the Forest Products sector.
  • This is Atlas Holdings’ 18th transaction in the United States.
  • This is Atlas Holdings’ 3rd transaction in Georgia.
Investment Fate
  • Iconex was sold to a strategic buyer in 2024.

M&A Deal Summary

Date 2016-05-27
Target Iconex
Sector Forest Products
Buyer(s) Atlas Holdings
Sellers(s) NCR Voyix
Deal Type Divestiture

Target

Iconex

Atlanta, Georgia, United States
Iconex is a low-cost provider of paper receipt solutions that transform business processes to drive profitability, productivity, customer satisfaction, and sustainability. Iconex was founded in 2015 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Atlas Holdings

Greenwich, Connecticut, United States

Category Private Equity Firm
Founded 2002
Size Large
Type Sector Agnostic
DESCRIPTION

Atlas Holdings is a private equity and investment holding firm focused on acquiring controlling interests in businesses operating in traditional, basic industries. Areas of interest include automotive, business services, industrial services, building materials, pulp and paper, distribution, energy, packaging, specialty steel and wood products. The Firm will participate in bankruptcy investments, highly structured equity and debt investments, leveraged ESOP acquisitions, out-of-court restructurings, and roll-ups. Atlas typically partners with private and institutional investors and structures one investment at a time. Atlas Holdings was established in 2002 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 21 of 35
Sector (Forest Products) 4 of 8
Type (Divestiture) 8 of 14
State (Georgia) 3 of 4
Country (United States) 18 of 29
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-16 Capital Equipment Resources

Fairburn, Georgia, United States

Capital Equipment Resources LLC (dba Pangborn Group) is a designer, manufacturer and services shot blast and surface preparation machines and related products for a range of industries, including foundry and forge, metalworking and descaling, automotive and heavy truck, ship and rail, defense, and energy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-10 Millar Western Forest Products

Edmonton, Alberta, Canada

Millar Western is an Alberta-based forest products company that has been in business for more than a century. Millar Western is a producer of specialty high-yield pulp for global markets and lumber for North American markets.

Buy -

Seller(S) 1

SELLER

NCR Voyix

Atlanta, Georgia, United States

Category Company
Founded 1881
Sector Information Technology
Employees15,500
Revenue 3.8B USD (2023)
DESCRIPTION
NCR's corporate headquarters in Atlanta, Georgia.
NCR's corporate headquarters in Atlanta, Georgia.

NCR Voyix is a global technology company focused on providing an ATM and POS manufacturer. The company provides products and services that enable businesses to connect, interact and transact with their customers and enhance their customer relationships by addressing consumer demand for convenience, value and individual service. NCR Voyix was founded in 1881 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 3 of 4
Sector (Forest Products) 1 of 1
Type (Divestiture) 2 of 3
State (Georgia) 1 of 2
Country (United States) 3 of 4
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-01 CimpleBox

Encino, California, United States

CimpleBox, Inc. is a provider of simplified SaaS-based back-office software to restaurant operators and retailers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-22 JetPay

Berwyn, Pennsylvania, United States

JetPay is a provider of payment services with solutions for credit card processing, payroll processing, and prepaid cards, all designed to meet our customers'specific business needs. JetPay was formed in 2012 and is based in Berwyn, Pennsylvania.

Buy $184M