Lincoln International Represents Atlas Material Testing Technology LLC in its Sale to Industrial Growth Partners
CHICAGO, October 25, 2007 - Lincoln International, a leading global mid-market investment bank, today announced the sale of Atlas Material Testing Technology LLC ("Atlas"), a private company, to Industrial Growth Partners ("IGP"), a private equity firm based in San Francisco. Lincoln International acted as the exclusive financial advisor to Atlas in the transaction.
Headquartered in Chicago, Illinois, with the majority of its sales generated outside of North America, Atlas is the leading global manufacturer and provider of highly engineered weathering equipment and related services. The Company's testing equipment and services are utilized by a broad, diversified range of Fortune 500 companies and independent testing laboratories worldwide to test products on a number of dimensions, including quality assurance and reliability, service life prediction and product liability. Atlas' extensive global sales and distribution network enables it to serve its customers both on a local basis worldwide and across a wide range of major end markets, including the automotive, chemicals, plastics, coatings, pharmaceuticals, building materials, food and beverage, printing and textile industries.
Throughout the sale process, the Lincoln International transaction team worked closely with Atlas and its shareholders, providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction process.
Eric Malchow, Lincoln International Managing Director, stated "The Atlas transaction further demonstrates Lincoln's successful track record of working with family-owned businesses. These businesses typically have a unique set of objectives and considerations when evaluating the potential sale of a company, and Lincoln has developed a proven expertise in leading a tailored transaction process that maximizes shareholder value, minimizes business disruption and addresses the often complex needs of family shareholders."
The sale of Atlas builds upon Lincoln International's strong industrial technology experience, as it marks the firm's 24th Industrial Components and Systems deal this year.
About Atlas Material Testing Technology LLC
ATLAS is a recognized leader in material testing, offering a complete line of instruments and services for accelerated and natural weathering. The Atlas Consulting Group helps clients develop the best weathering processes for their products, as well as offers education and training courses worldwide. For accelerated laboratory and outdoor testing, Atlas Weathering Services Group has five laboratories and over 20 outdoor exposure sites around the world in a variety of climates, including desert, subtropical, high-altitude and corrosive. Atlas Material Testing Technology is ISO 17025 and ISO 9001:200 registered. Atlas products are designed and manufactured to conform to international, national and industry standard test methods including ISO, ASTM, DIN, JIS and numerous others.
INDUSTRIAL GROWTH PARTNERS® (IGP) is an $825 million private equity firm which provides equity capital to privately held, lower-middle market manufacturing and manufacturing services companies. IGP is one of very few investment firms in the U.S. that focus exclusively on the manufacturing sector. The firm invests equity in a wide range of transactions involving a change of ownership, such as management buyouts, leveraged buyouts, corporate divestitures, recapitalizations and management buy-ins. The firm also provides growth capital to privately held companies that require capital in order to expand their businesses.
About Lincoln International
Lincoln International specializes in merger and acquisition services and private capital raising for leading organizations involved in mid-market transactions. With offices in Chicago, Frankfurt, Los Angeles, New York, Paris and Vienna, and strategic partnerships with China Everbright and other partner firms in Asia, Lincoln International has strong local knowledge and contacts in the key global economies. The organization provides clients with senior-level attention, in-depth industry expertise, and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.
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