Atlas Technical Agrees to $1.05B Buyout by GI Partners

Atlas Technical Consultants Inc., an Austin provider of infrastructure and environmental solutions, announced Jan. 31 that it agreed to be acquired by private investment firm GI Partners in an all-cash transaction valued at around $1.05 billion, including outstanding debt.

Under the terms of the transaction, Atlas shareholders will receive $12.25 per share in cash, which represents a premium of about 124 percent over the company’s closing share price of $5.47 on Jan. 30.