Thompson Street Capital Partners (TSCP), a leading private equity firm headquartered in St. Louis, is pleased to announce the acquisition of ATIS (or the “Company”), a premier provider of elevator and escalator safety inspections, consulting, and managed services. The terms of the transaction were not disclosed.
Founded in 2012 and headquartered in St. Louis, ATIS (www.atis.com) has grown rapidly through both acquisition and organic expansion to become one of North America’s largest providers of elevator compliance and vertical transportation consulting solutions. ATIS’s geographically diverse footprint includes more than 200 elevator inspectors and consultants serving more than 15,000 customers and nearly 100,000 elevators across the US and Canada. ATIS delivers an end-to-end elevator management platform spanning government-mandated elevator testing and inspection, consulting services principally focused on new elevator installations and modernizations of existing elevators, and managed elevator services that include maintenance management programs and certificate management.
Chip Smith, ATIS’s co-founder and CEO, said, “For more than six decades on a combined basis, our team has been pioneering the most innovative and holistic suite of services and building an incredibly strong reputation as a trusted independent advisor to our clients. We’re excited to now partner with TSCP to extend our leadership position and, with significantly greater resource backing, accelerate the expansion of our team’s unparalleled end-to-end vertical transportation services, world class customer care, and geographic reach.”
Tom St. Geme, Director, TSCP said, “We’ve been tracking ATIS’ upward trajectory for some time and have been impressed with the unique platform they’ve built in the elevator inspection and consulting market. We’re thrilled to be joining forces with the ATIS team to broaden their platform through further investments in sales and marketing, new service offerings, and strategic acquisitions.”
“Partnering with ATIS represents another step forward in our strategy to expand Thompson Street’s footprint in essential service industries with durable demand drivers and attractive growth prospects,” said Bob Dunn, Managing Partner at TSCP. “The team at ATIS has established a leading business that aligns nicely with our vision for growth, enabling us to advance the ATIS platform and drive positive outcomes for all stakeholders.”
