Bernhard Capital Partners announced that BCP Fund I portfolio company Atlas Technical Consultants 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. Headquartered in Austin, Texas, Atlas is a leading provider of infrastructure and environmental solutions focused on improving performance and extending the lifecycle of built and natural infrastructure assets to assure smart, safe, and sustainable performance.
Published first on TheFly
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