AUSTIN, Texas., April 15, 2021 (GLOBE NEWSWIRE) — Atlas Technical Consultants, Inc. (Nasdaq: ATCX), a leading Infrastructure and Environmental services provider, announced today that it has closed on its acquisition of Atlantic Engineering Laboratories, a full-service Materials Testing, Inspection, and Engineering firm providing Geotechnical, On-site Quality Control and Quality Assurance services in New York, New Jersey and Connecticut since 2004. With over 275 employees, AEL supports the public sector, educational institutions, private developers, and commercial clients.
L. Joe Boyer, Atlas’ Chief Executive Officer said, “We are excited to complete this transaction. AEL’s testing and inspection expertise backed by an exceptional client reputation positions Atlas to capitalize on the increasing infrastructure spend in greater New York and the tri-state region. Our combined expertise will allow us to cross-sell and grow our market share with existing and new clients.”
The terms of the acquisition were not disclosed. Inclusive of this transaction, the Company will have 36,018,978 common shares consisting of 30,590,953 class A and 5,428,025 class B shares.
About Atlas Technical Consultants
Headquartered in Austin, Texas, Atlas is a leading provider of Testing, Inspection & Certification (TIC), Environmental (ENV), Engineering & Design (E&D), and Program, Construction and Quality Management (PCQM) services. Under the name Atlas Technical Consultants, we offer solutions to public and private sector clients in the transportation, commercial, water, government, education and industrial markets. With approximately 3,300 employees and a nationwide footprint, Atlas provides a broad range of mission-critical technical services, helping clients test, inspect, certify, plan, design and manage a wide variety of projects across diverse end markets. For more information, go to https://www.oneatlas.com.
