Bernhard Capital Partners has acquired ATC Associates Inc. from Cardno Ltd. Financial terms weren’t announced. Sioux Falls, South Dakota-based ATC Associates provides environmental consulting, industrial hygiene, geotechnical engineering, government services and construction-materials testing and special inspection.
LAFAYETTE, LA (PRWEB) NOVEMBER 13, 2015
A group led by Bernhard Capital Partners has purchased environmental consulting, industrial hygiene and engineering firm ATC Associates Inc. from Cardno Limited, the Brisbane, Australia-based global contractor. The transaction was fully executed today.
Established in 1982, ATC Group Services, Inc. operating as ATC Associates Inc., provides environmental consulting, industrial hygiene, geotechnical engineering, government services and construction-materials testing and inspection with 1,350 employees and over 70 locations throughout the U.S.
ATC Associates Inc. will maintain 70 offices around the country. CEO Bobby Toups and the remainder of the legacy ATC Associates Inc. management team will remain with and continue to lead the company. No staff changes are expected.
The acquisition returns ATC Associates Inc. to its origins as a privately held U.S company. “This is a bit of a homecoming for us,” says Toups. “We’re excited to be part of the Bernhard Capital team and look forward to capitalizing on their support and experience for the work we do within the environmental services market. This partnership will help cultivate a more entrepreneurial atmosphere for our employees and position us for steady growth. It’s a perfect fit.”
About ATC Associates
Established in 1982 in Sioux Falls, South Dakota, ATC Associates Inc. provides environmental consulting, industrial hygiene, geotechnical engineering, government services and construction-materials testing and special inspection with 70 locations throughout the United States and over 1,350 employees. ATC nurtures strong client relationships and referrals by consistently exceeding expectations through our professional, well trained, well-equipped and highly motivated team.
About Bernhard Capital Partners
Bernhard Capital Partners is an energy services-focused private equity firm established in 2013 by Jim Bernhard, Jeff Jenkins and a team of experienced private-equity professionals. BCP seeks to create sustainable value by leveraging its founding partners’ 25 years of experience in acquiring, operating and growing energy-services businesses. From strategic industry insight to operational efficiencies and best-practice management, BCP provides resources far beyond its investments.