Investment Announcement for ATIS
ATIS, a top provider of safety inspections and consulting for elevators and escalators, has recently secured a significant investment from Thompson Street Capital Partners (TSCP). This collaboration is a key milestone, as TSCP steps in as the majority investor for ATIS, with a commitment to improving service offerings and broadening their reach.
Strengthening Leadership in Vertical Transportation
For over sixty years, ATIS has built a solid reputation in the industry, known for delivering innovative and thorough services to clients. Chip Smith, the co-founder and CEO of ATIS, shared his excitement about the new partnership with TSCP, which aims to provide the company with more resources to enhance their outstanding vertical transportation services, ensure high-quality customer support, and expand their geographic presence.
Growth Through Strategic Expansion
In January 2023, ATIS made headlines with a three-way merger involving KJA Consultants and Liberty Elevator Experts, which positioned them as one of the largest providers of elevator compliance and vertical transportation services across North America. With a team of over 200 inspectors and consultants, ATIS serves a diverse array of clients, including more than 15,000 customers managing around 100,000 elevators and escalators in the United States and Canada.
Future Plans with Thompson Street Capital Partners
TSCP has been keeping a close eye on ATIS's growth and has expressed enthusiasm about partnering with the company. Tom St. Geme, a director at TSCP, emphasized their intentions to invest further in ATIS by expanding the team, boosting sales and marketing efforts, developing new service offerings, and exploring strategic acquisitions.
About ATIS and Its Commitment
ATIS plays a prominent role in vertical transportation consulting and services throughout North America. The company prides itself on its commitment to safety and performance, offering expert assistance in new constructions, modernization projects, and fully managed elevator solutions, which encompass robust maintenance and compliance management programs.
Celebrating Excellence
Recognized for its excellence and innovative solutions, ATIS has established itself as a reliable advisor in the elevator inspection and consulting sector. Their unwavering focus on safety measures and performance improvement sets them apart in the industry.
About Thompson Street Capital Partners
TSCP has gained a strong reputation as a private equity firm based in St. Louis, concentrating on founder-owned middle-market businesses across different sectors, including life sciences and technology. The firm has an impressive track record, having acquired over 150 companies and managing substantial assets, reflecting their dedication to supporting 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 wide-ranging network.
Who is the new majority investor in ATIS?
Thompson Street Capital Partners (TSCP) is the new majority investor in ATIS, marking the beginning of an exciting growth period for the company.
How does this investment impact ATIS's services?
This investment enables ATIS to enhance its service offerings, widen its geographic presence, and improve customer support by utilizing additional resources and strategic initiatives.
What was the significance of ATIS's merger?
The merger with KJA Consultants and Liberty Elevator Experts positioned ATIS as one of North America's largest providers of vertical transportation consulting, expanding their capabilities and range of services.
Where can I find more information on ATIS?
You can find more details about ATIS and its services on their official website.
