Atlas Technical Consultants (NASDAQ:ATCX) to be acquired by private investment firm GI Partners in an all-cash transaction valued at ~$1.05B, including outstanding debt.
Under the terms of the transaction, Atlas shareholders will receive $12.25 per share in cash, which represents a premium of ~124% over closing share price of $5.47 on January 30, 2023.
Upon completion of the transaction, Atlas’ shares will no longer trade on Nasdaq and Atlas will become a private company.
Affiliates of Bernhard Capital Partners, which own ~43% Atlas stock, have entered into a voting agreement in support of the transaction.
The transaction is expected to close in Q2 2023.
