It turned out to be an interesting week on the M&A front with a new merger announced at a whopping 124% premium and a surprisingly large number of potential deal rumors. Merger Arbitrage activity increased last week with four new deals announced, six deals closing and one deal terminated. Six new potential deals in the works were announced last week.
Atlas Technical Consultants (ATCX)
Headquartered in Austin, Texas, Atlas Technical Consultants provides testing, inspection, and certification services, across various end markets.
Atlas Technical Consultants was formed in 2017 by Bernhard Capital through the acquisition of three leading infrastructure management companies: Moreland Altobelli Associates, PAVETEX Engineering, and Engineering Testing Services.
The company’s service line includes: Testing, Inspection and Certification (TIC), Environmental Solutions (ENV), Engineering and Design (E&D), and Program, Construction and Quality Management (PCQM). Quality control and materials testing services at the Golden Gate Bridge in San Francisco, is one of the projects undertaken by Atlas.