Atar Capital Completes Acquisition of Furmanite’s Midstream Quality Assurance Business
[Click image to enlarge]
Atar Capital has completed its acquisition of Furmanite’s Midstream Quality Assurance Business from a wholly owned subsidiary of Team, Inc. Based in Tulsa, Oklahoma, the business serves as an independent, outsourced provider of inspection and integrity services for all disciplines of midstream pipeline, pipeline stations, terminals, power plants, tank storage farms and other energy related fields.
Effective immediately, the business will be rebranded as Frontier Integrity Solutions (FIS). FIS is one of the leading independent inspection and integrity service companies in North America.
“FIS has a tremendous management team already in place that will benefit greatly from the operational resources and entrepreneurial spirit that Atar Capital provides. We have a clear path to grow this business organically, and our team is excited to help take this company to the next level,” said Cyrus Nikou, founder and managing partner of Atar Capital.
While Nikou has completed numerous transactions in his private equity career, the FIS acquisition marks the first transaction for Atar Capital in 2016. “This is a tremendous accomplishment for Atar Capital. To complete a carve-out acquisition of this size in our first six months since launch, and within 40 days of signing an LOI, demonstrates our firm’s capabilities and commitment to getting deals done. From the start, I set high expectations for our team, and we will continue to raise the bar as we head into what will be a very big year,” added Nikou.
About Atar Capital
Atar Capital is a Los Angeles-based, global private equity firm focused on acquiring companies across the lower-middle market. Founded in 2016 by Cyrus Nikou, Atar Capital’s mission is to transform good companies into great companies.
To stop by Atar Capital’s website, CLICK HERE
Be in-the-know when you’re on-the-go!
FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.
Copyright © 2016 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
For licensing permission, .(JavaScript must be enabled to view this email address)
