Thompson Street Capital Partners Backs ATIS in Strategic Acquisition of Vermont Elevator Inspection Services
Deal News | Nov 13, 2024 | Thompson Street Capital Partne
Thompson Street Capital Partners (TSCP), a prominent private equity firm headquartered in St. Louis, has successfully orchestrated the acquisition of Vermont Elevator Inspection Services (VEIS) by its portfolio company, ATIS. VEIS, established in 2005, stands as a leading provider of elevator inspection services throughout Vermont. This strategic transaction marks ATIS's expanding footprint in North America as it enhances its capabilities in delivering elevator and escalator safety inspections, consulting, and managed services. While details of the transaction remain confidential, VEIS is poised for accelerated growth under ATIS's stewardship, ensuring the continuation of high-quality service offerings to its clientele.
Sectors
- Private Equity
- Elevator and Escalator Services
Geography
- United States – The transaction involves an acquisition by a U.S.-based company, ATIS, of a service provider in Vermont, overseen by a private equity firm headquartered in St. Louis, Missouri.
- Vermont – Vermont is central to the article as it is the location of the acquired company, Vermont Elevator Inspection Services.
Industry
- Private Equity – The article involves a private equity firm, Thompson Street Capital Partners, which plays a crucial role in the acquisition deal.
- Elevator and Escalator Services – The acquisition is focused on companies operating in the elevator and escalator service sector, specifically related to safety inspections and consulting.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Thompson Street Capital Partners | Private Equity Firm | Company | A private equity firm based in St. Louis, overseeing the acquisition of VEIS by its portfolio company ATIS. |
| ATIS | Acquirer | Company | A portfolio company of Thompson Street Capital Partners, providing elevator and escalator safety inspections across North America. |
| Vermont Elevator Inspection Services (VEIS) | Target | Company | A leading provider of elevator inspection services in Vermont, acquired by ATIS. |