Atlas Technical Consultants acquired by GI Partners for $12.25 per share

Atlas Technical Consultants announced earlier today that it has entered into a definitive agreement to be acquired by private investment firm GI Partners in an all-cash transaction valued at approximately $1.05B, including outstanding debt. Under the terms of the transaction, Atlas shareholders will receive $12.25 per share in cash, which represents a premium of approximately 124% over the Company’s unaffected closing share price of $5.47 on January 30. The transaction was unanimously approved by Atlas’ board, which recommends that Atlas shareholders vote in favor of the transaction. Affiliates of Bernhard Capital Partners, which own approximately 43% of the outstanding Atlas common stock, have entered into a voting agreement in support of the transaction. The transaction is expected to close in Q2 of 2023.