A group led by Bernhard Capital Partners Management, a Baton Rouge private equity firm, has acquired three infrastructure management companies and will combine them to create one of the largest construction and program management firms in the country.
The three firms Bernhard Capital acquired are Duluth, Georgia-based Moreland Altobelli Associates; Lubbock, Texas-based PaveTex Engineering; and San Ramon, California-based Engineering Testing Services. Prices were not disclosed.
The businesses will be combined to form Atlas Technical Consultants. The combined company will have more than 30 offices in 11 states and more than 1,000 employees. Major offices include: Atlanta; San Francisco; Houston; Dallas; Austin, Texas; Salt Lake City; Boise, Idaho; Portland, Oregon; and Honolulu.
Atlas will provide public and private sector clients with support in managing large-scale infrastructure improvement programs including engineering, design, program development/management, acquisition and project control services, as well as construction engineering and inspection and materials testing.
The acquisitions mark Bernhard Capital and affiliates 22nd proprietary transaction.
"We see strong growth within the infrastructure market and this is only the beginning for Atlas. We are confident that this platform will be a foundation for continued growth and we remain excited about our impressive pipeline," said Jeff Jenkins, partner at Bernhard Capital.
Bernhard Capital also announced that L. Joe Boyer will serve as chief executive officer of Atlas. Boyher has nearly 30 years of experience leading firms in solving infrastructure challenges in new-build, recovery and resiliency scenarios for federal, public and private clients in the United States. Before joining Atlas, Boyer served as CEO of Atkins North America.