M&A Deal Summary

GI Partners Acquires Atlas Technical Consultants

On January 31, 2023, private equity firm GI Partners acquired business services company Atlas Technical Consultants for 1.1B USD

Acquisition Highlights
  • This is GI Partners’ 5th transaction in the Business Services sector.
  • This is GI Partners’ 2nd largest (disclosed) transaction.
  • This is GI Partners’ 43rd transaction in the United States.
  • This is GI Partners’ 3rd transaction in Texas.

M&A Deal Summary
Date 2023-01-31
Target Atlas Technical Consultants
Sector Business Services
Buyer(s) GI Partners
Deal Type Going Private
Deal Value 1.1B USD

Target

Atlas Technical Consultants

Austin, Texas, United States
Atlas Technical Consultants is a provider of professional testing, inspection engineering, and consulting services to public and private sector clients in the transportation, commercial, water, government, education, and industrial markets. Atlas Technical Consultants was founded in 2017 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

GI Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 42.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GI Partners (Global Innovation Partners) is a private equity firm focused on control oriented investments in asset-backed businesses and properties located throughout North America and Western Europe. GI looks to invest up to $1500 million in companies generating predictable, recurring cash flows; underperforming businesses with intrinsic value; and direct asset investments with operational complexity. Sectors of interest include energy, education, healthcare services, leisure, retail, logistics, media, entertainment, financial services, technology, and telecommunications. GI Partners was formed in 2001 and has offices in San Francisco, Greenwich, and Chicago.

DEAL STATS #
Overall 54 of 59
Sector (Business Services) 5 of 5
Type (Going Private) 3 of 3
State (Texas) 3 of 3
Country (United States) 43 of 47
Year (2023) 1 of 4
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-29 Euna Solutions

Chicago, Illinois, United States

Euna Solutions is an intuitive cloud-based suite of solutions for state and local governments spanning functions in procurement, payments, grant management, budgeting, and permitting. GTY combines six leading GovTech firms under a single umbrella CityBase, eCivis, Questica, Sherpa, OpenCounter, and Bonfire. These companies will operate as independent business units under GTY. Euna Solutions was founded in 2016 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-02 Rise Broadband

Englewood, Colorado, United States

Rise Broadband is a provider of fiber-to-the-home and fixed wireless broadband services across 16 states. It is dedicated to providing reliable high-speed internet and connecting communities one customer at a time. Rise Broadband is based in Englewood, Colorado.

Buy -
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