Thompson Street Capital Partners (TSCP), a leading private equity firm based in St. Louis, announced a growth investment in ATIS, a premier provider of elevator and escalator safety inspections, consulting, and managed services. The terms of the deal were not disclosed.
Launched in 2012 and based in St. Louis, ATIS has grown through both acquisition and organic expansion to become one of North America’s largest providers of elevator compliance and vertical transportation consulting solutions. And ATIS’ geographically diverse footprint includes more than 200 elevator inspectors and consultants serving over 15,000 customers and nearly 100,000 elevators across the US and Canada.
ATIS offers an end-to-end elevator management platform spanning government-mandated elevator testing and inspection, consulting services principally focused on new elevator installations and modernizations of existing elevators and managed elevator services that include maintenance management programs and certificate management.
KEY QUOTES:
“For more than six decades on a combined basis, our team has been pioneering the most innovative and holistic suite of services and building a strong reputation as a trusted independent advisor to our clients. We’re excited to now partner with TSCP to extend our leadership position and, with significantly greater resource backing, accelerate the expansion of our team’s end-to-end vertical transportation services, world-class customer care, and geographic reach.”
- Chip Smith, ATIS’ co-founder and CEO
“We’ve been tracking ATIS’ upward trajectory for some time and have been impressed with the unique platform they’ve built in the elevator inspection and consulting market. We’re thrilled to be joining forces with the ATIS team to broaden their platform through further investments in sales and marketing, new service offerings, and strategic acquisitions.”
- Tom St. Geme, Director, TSCP
“Partnering with ATIS represents another step forward in our strategy to expand Thompson Street’s footprint in essential service industries with durable demand drivers and attractive growth prospects. The team at ATIS has established a leading business that aligns nicely with our vision for growth, enabling us to advance the ATIS platform and drive positive outcomes for all stakeholders.”
- Bob Dunn, Managing Partner at TSCP
