Bernhard Capital-led group buys three infrastructure management companies


A Bernhard Capital Partners-led group has acquired three infrastructure management companies: Moreland Altobelli Associates, PAVETEX Engineering and Engineering Testing Services. The companies will be merged to form Atlas Technical Consultants. No financial terms were disclosed.

PRESS RELEASE

BATON ROUGE, La., November 30, 2017 – A group led by Bernhard Capital Partners Management, LP (“Bernhard Capital”), a services-focused private equity management firm, today announced that it has acquired three infrastructure management companies: Moreland Altobelli Associates, PAVETEX Engineering and Engineering Testing Services. Together, these businesses will be combined to form Atlas Technical Consultants (“Atlas”).

This combination has created one of the largest project delivery (construction and program management) firms in the United States. The combined company will have more than 30 offices in 11 states and more than 1,000 employees. Major offices include: Atlanta, San Francisco, Houston, Dallas, Austin, Salt Lake City, Boise, Portland and Honolulu.

Atlas will provide public and private sector clients with comprehensive support in managing large-scale infrastructure improvement programs including engineering, design, program development/management, acquisition and project control services, as well as construction engineering & inspection and materials testing.

“We are pleased to successfully acquire three of the nation’s leading transportation and infrastructure management firms to form Atlas Technical Consultants,” said Jeff Jenkins, Partner at Bernhard Capital. “Atlas will be a major industry contributor in infrastructure engineering, program management and construction inspection & testing and will add significant value. We see strong growth within the infrastructure market and this is only the beginning for Atlas – we are confident that this platform will be a foundation for continued growth and we remain excited about our impressive pipeline.”

In conjunction with today’s announced acquisition, Bernhard Capital also announced the appointment of L. Joe Boyer as the Chief Executive Officer of Atlas. Mr. Boyer brings nearly 30 years of experience leading firms in solving complex infrastructure challenges in new build, recovery and resiliency scenarios for federal, public and private clients in the U.S. Prior to joining Atlas, Boyer served as Chief Executive Officer of Atkins North America.

“I am thrilled to lead Atlas at the firm’s inception,” said Boyer. “I look forward to working with three gifted and legendary infrastructure professionals – Maghsoud Tahmoressi, Thomas Moreland and Gary Cappa. Each possess unique industry expertise, that when combined, will allow Atlas to be more than simply the sum of our parts.”

For more information about Atlas please visit: http://atlastechnical.us/index.htm

About Moreland Altobelli Associates
Moreland Altobelli Associates (“MA”) is a full-service engineering and program management firm headquartered in Duluth, Georgia. Established in 1987, the firm was founded by Thomas D. Moreland, PE, former Commissioner of the Georgia Department of Transportation. MA is composed of more than 300 civil and structural engineers, community planners, landscape architects, construction inspectors, appraisers, land acquisition agents, surveyors, environmental specialists and support staff. www.maai.net

About PAVETEX Engineering
PAVETEX Engineering (“PaveTex”) specializes in construction materials testing, quality control testing, construction engineering, pavement engineering, hot mix and concrete design. Pavetex employs many world-class material experts and is broadly regarded as the nation’s asphalt technology leader. PaveTex has nine full-service laboratories and nearly 20 years’ experience building infrastructure in Texas. www.pavetex.com

About Engineering Testing Services
The Engineering Testing Services (“ETS”) Family of Companies has provided innovative solutions to construction challenges, as well as quality control testing and inspection for construction material manufacturers around the world since 1985. Capabilities within the ETS companies also include all aspects of environmental, geotechnical engineering, materials testing and special inspection services as well as construction management and engineering geology. ETS, headquartered in San Ramon, CA., includes Consolidated Engineering Laboratories, United-Heider Inspection Group, Materials Testing and Inspection, CEL Consulting and Geosphere Consultants. www.celconsulting.com, ce-labs.com.

About Bernhard Capital Partners
Bernhard Capital Partners (“Bernhard Capital”) is a services-focused private equity management firm established in 2013 by Jim Bernhard, Jeff Jenkins and a team of experienced private-equity professionals. Bernhard Capital seeks to create sustainable value by leveraging its founding partners’ experience in acquiring, operating and growing services businesses. From strategic industry insight to operational efficiencies and best-practice management, Bernhard Capital provides resources far beyond its investments. www.bernhardcapital.com

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