Atlas Technical Consultants Acquires 1 Alliance Geomatics
AUSTIN, Texas, March 21, 2022 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (NASDAQ:ATCX) ("Atlas" or the "Company"), a leading Infrastructure and Environmental solutions provider, announced today that it has acquired 1 Alliance Geomatics, LLC ("1 Alliance"), a provider of geospatial services to transportation and water resources markets in the Pacific Northwest. With over 70 employees, 1 Alliance utilizes the latest in geomatics technology, including 3D laser scanning and drones, to provide high quality and accurate data-driven solutions to its customers throughout the project lifecycle.
"The acquisition of 1 Alliance adds another highly technical service to the Atlas portfolio that aligns with our goal to expand our service offerings with critical services for all infrastructure and environmental projects," said L. Joe Boyer, Atlas' Chief Executive Officer. "1 Alliance has built a strong brand, known for providing high-tech services and delivering quality data to its customers in the Pacific Northwest by utilizing the latest geomatics technologies. We have worked with 1 Alliance on several large infrastructure projects and are excited about the opportunity to enhance our geomatics technology offerings to customers across the Nation."
The owners of 1 Alliance, Jason Nakamura, Brian Blevins, and Jay Byrd, will remain with the company following the transaction to continue to grow the business.
"We are excited to bring our technological expertise in geomatics to the Atlas family," said Jason Nakamura, 1 Alliance's President. "Since we founded the company in 2012, we have had the opportunity to participate on some of the most important infrastructure projects in the Pacific Northwest. Joining Atlas provides 1 Alliance with a larger platform to expand our integrated suite of geomatics technology offerings and grow our brand in new geographies."
The acquisition is immediately accretive and is deleveraging to Atlas' balance sheet. Terms were not disclosed.
About Atlas Technical Consultants
Headquartered in Austin, Texas, Atlas is a leading provider of Infrastructure and Environmental Solutions. We partner with our clients to improve performance and extend lifecycle of built and natural infrastructure assets stressed by climate, health, and economic impacts. With 3,600+ employees nationwide, Atlas brings deep technical expertise to public- and private-sector clients, integrating services across four primary disciplines: Environmental; Testing, Inspection and Certification; Engineering & Design; and Program, Construction, and Quality Management. To learn more about Atlas innovations for transportation, commercial, water, government, education, and industrial markets, visit https://www.oneatlas.com.
Forward-Looking Statements
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Karlene Barron
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Investor Relations
Chase Jacobson, Vallum Advisors
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