Investment Boost for ATIS by Thompson Street Capital Partners
Investment Announcement for ATIS
ATIS, a leading provider of elevator and escalator safety inspections and consulting, has recently received a significant growth investment from Thompson Street Capital Partners (TSCP). This partnership marks an important milestone as TSCP becomes the majority investor in ATIS, promising to enhance their service offerings and expand their reach.
Strengthening Leadership in Vertical Transportation
ATIS has established itself as a trusted name in the industry for over sixty years, delivering innovative and comprehensive services to its clients. Chip Smith, co-founder and CEO of ATIS, expressed enthusiasm about the partnership with TSCP, which will provide the company with greater resources to extend their exceptional vertical transportation services, maintain top-notch customer care, and broaden their geographic footprint.
Growth Through Strategic Expansion
In January 2023, ATIS announced a three-way merger with KJA Consultants and Liberty Elevator Experts, which positioned them among the largest providers of elevator compliance and vertical transportation services in North America. With over 200 inspectors and consultants, ATIS serves a diverse clientele including more than 15,000 customers across 100,000 elevators and escalators throughout the United States and Canada.
Future Plans with Thompson Street Capital Partners
TSCP has been closely monitoring ATIS's growth trajectory and has shared their excitement about joining forces with the company. TSCP Director Tom St. Geme highlighted their plans to invest further in ATIS for expanding the team and enhancing sales and marketing efforts, as well as developing new service offerings and pursuing strategic acquisitions.
About ATIS and Its Commitment
ATIS stands as a leader in vertical transportation consulting and services across North America. With commitment to safety and performance, the company provides expert services in new constructions, modernization projects, and full managed elevator solutions, which include robust maintenance and compliance management programs.
Celebrating Excellence
Renowned for its excellence and innovative solutions, ATIS has built a reputation as a trusted advisor in the elevator inspection and consulting market. Their continuous focus on safety measures and performance improvement positions them uniquely in the industry.
About Thompson Street Capital Partners
TSCP has a well-established reputation as a private equity firm in St. Louis, focusing on founder-owned middle-market businesses across various sectors including life sciences and technology. The firm's successful track record includes acquiring over 150 companies and managing significant assets, showcasing their commitment to fostering growth through strategic partnerships.
Frequently Asked Questions
What type of services does ATIS provide?
ATIS specializes in elevator and escalator safety inspections, consulting services, and managed service programs, ensuring compliance and performance across a vast network.
Who is the new majority investor in ATIS?
Thompson Street Capital Partners (TSCP) has become the majority investor in ATIS, signaling a new phase of growth and expansion for the company.
How does this investment impact ATIS's services?
This investment allows ATIS to enhance its services, expand its geographic reach, and improve customer support through increased resources and strategic initiatives.
What was the significance of ATIS's merger?
The merger with KJA Consultants and Liberty Elevator Experts made ATIS one of North America's largest providers of vertical transportation consulting, broadening their capabilities and service offerings.
Where can I find more information on ATIS?
More information about ATIS and their services can be found on their official website.
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