Thompson Street Capital Partners Expands Reach with ATIS Deal
Thompson Street Capital Partners Makes Strategic Investment in ATIS
Thompson Street Capital Partners (TSCP), a notable private equity firm known for its innovative investment strategies, has made headlines by investing in ATIS. This collaboration signifies a partnership aimed at fostering growth in the elevator and escalator safety inspection sphere.
ATIS: A Premier Provider in Vertical Transportation
Founded in 2012, ATIS has swiftly positioned itself as one of North America’s foremost providers of elevator compliance and consulting solutions. With an expansive workforce of over 200 trained inspector consultants, they serve an extensive client base of more than 15,000 customers and manage nearly 100,000 elevators across the US and Canada. The company’s success is attributed to both strategic acquisitions and organic growth, solidifying its reputation in the industry.
End-to-End Elevator Management
ATIS offers a comprehensive elevator management platform that includes essential services such as government-mandated testing and inspection, consulting for new installations, modernization projects, and maintenance management programs. This holistic approach ensures that clients receive optimal support for their vertical transportation needs.
Leadership Insight
Chip Smith, co-founder and CEO of ATIS, expressed enthusiasm about the partnership with TSCP, noting that the collaboration will enhance their capacity to deliver top-tier vertical transportation services to clients. He highlighted that with the increased backing from TSCP, ATIS is poised to broaden its geographic reach and service offerings.
Broadening Horizons: TSCP's Perspective
Tom St. Geme, a Director at TSCP, acknowledged the strong market position of ATIS, stating that their growth trajectory and unique service platform have greatly impressed the firm. St. Geme conveyed excitement about collaborating with ATIS to further enhance their market presence through initiatives such as strategic acquisitions and increased sales and marketing efforts.
Strategic Vision for the Future
Bob Dunn, Managing Partner at TSCP, articulated that this alliance represents a strategic move to expand their investments in essential service sectors characterized by durable demand and sustainable growth potential. Dunn emphasized that the synergies between TSCP and ATIS position them well for future success.
About Thompson Street Capital Partners
Based in St. Louis, Thompson Street Capital Partners is focused on investing in founder-owned middle-market businesses spanning various sectors including life sciences, healthcare, software, and consumer services. Since its inception in 2000, TSCP has acquired over 150 companies, amassing assets under management exceeding $4.8 billion as reported in early 2024. The firm emphasizes partnering with management teams to expedite business growth and increase overall value.
Discovering ATIS
As a leading provider in the field, ATIS prides itself on delivering exceptional vertical transportation consulting services. Their commitment to safety and innovation has brought them acclaim in the industry. The team consists of over 200 licensed professionals dedicated to ensuring the safety and efficiency of elevators and escalators across North America, catering to a wide variety of sectors, from new construction to modernization projects.
Frequently Asked Questions
What is the main focus of the investment by Thompson Street Capital Partners?
The investment primarily aims to enhance ATIS's capabilities in elevator and escalator safety inspections and consulting services.
How has ATIS positioned itself in the market?
ATIS has established itself as one of the largest providers of elevator consulting and inspection services in North America, serving over 15,000 customers.
What benefits does this partnership bring to ATIS?
This partnership provides ATIS with additional resources to expand its services and geographic reach, thereby enhancing its market presence.
How long has Thompson Street Capital Partners been active in private equity?
Thompson Street Capital Partners has been actively involved in private equity since its founding in 2000.
What industries does TSCP focus on for investments?
TSCP primarily invests in sectors such as life sciences, healthcare, software, and consumer services.
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