Two portfolio companies owned by Bernhard Capital Partners—Austin-based Atlas Technical Consultants and Lafayette’s ATC Group Services—announced this morning they are merging to create a single entity providing infrastructure-based engineering, testing, inspection, certification and compliance services to public and private sector clients around the country.
The combined company will retain the Atlas name and will have a nationwide footprint that extends to more than 40 states with some 140 offices and 3,200 employees.
Atlas CEO L. Joe Boyer will head the combined company as CEO. Longtime ATC CEO Bobby Toups will stay with the company as president.
The merger exemplifies the way BCP is strategically cultivating large, integrated companies from mid-sized regional players in the services sector.
ATC, for instance, was a 35-year-old company that specialized in environmental consulting and engineering services when BCP acquired it in late 2015. In the years since, ATC has expanded those services to include air quality consulting and other expertise across air, land and water markets through the 2016 and 2017 acquisitions of three other companies—Sage Environmental, Dexter Field Services and Environmental Compliance Services.
Atlas, meanwhile, was created by BCP in 2017 and comprises several established companies in the infrastructure engineering sector, including PAVETEX Engineering, Moreland Altobelli Associates, Engineering Testing Services, Piedmont Geotechnical Consultants and SCST.
Atlas’ reach has been stronger in the western half of the U.S., while ATC had more depth in the south and east. Together, the new company will be able to blanket the country with expanded services.
“We are really creating a national and differentiated leader in this space,’ says BCP Partner Jeff Jenkins. “The businesses are very complimentary and have great leadership. This is a special company in the testing and inspection industry.”
Terms of the deal were not disclosed.