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Boxwood Merger, Atlas Technical Consultants Close Merger
Wednesday 19 February 2020

19 February 2020 - US-based blank check company Boxwood Merger Corp. (NASDAQ: BWMC) and Texas, US-based technical services company Atlas Intermediate Holdings LLC have closed business combination, pursuant to which Boxwood acquired Atlas, a Bernhard Capital Partners portfolio company, for approximately USD 617m in total consideration, the companies said.

As previously reported, Atlas last year entered into a definitive agreement with special purpose acquisition company Boxwood Merger Corp. (NASDAQ: BWMC), whereby Atlas has become a wholly-owned indirect subsidiary of Boxwood.

Atlas Technical Consultants is a provider of professional testing, inspection engineering and consulting services, offering solutions to public and private sector clients in the transportation, commercial, water, government, education and industrial markets.

About Long Engineering, Inc. provides civil engineering, land surveying, transportation engineering, subsurface utility engineering and construction engineering and inspection services.

Boxwood Merger Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganisation or similar business combination with one or more businesses.
Date Published: 19/02/2020
Target: Atlas Technical Consultants
Country: USA
Deal Size: 709m (USD)
Sector: Construction/Real Estate
Type: LBO
Status: Closed
Buyer: Boxwood Merger Corp
Buyer Advisor: Winston and Strawn , Atrium LLP