Atlas Technical Consultants Acquires WesTest

12/1/20

AUSTIN, Texas, Dec. 01, 2020 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX), a leading provider of professional testing, inspection, environmental, engineering, program management and consulting services, announced today that it closed on its previously announced acquisition of WesTest LLC, a key provider of transportation-related testing and inspection services. Headquartered in Lakewood, Colorado, WesTest provides a wide range of materials testing, specification development, forensic engineering, geotechnical engineering and construction support services in Colorado.

L. Joe Boyer, Atlas’ Chief Executive Officer, said, “We are extremely pleased to welcome the employees and clients of WesTest to the Atlas family. Their team brings a well-respected brand, technical expertise and a history of repeat business from long-standing customers. Our combined service offerings and the increased spending by state DOTs provide a sturdy growth platform for years to come.”

The terms of the acquisition were not disclosed. Inclusive of this transaction, the Company’s recently concluded warrant exchange, and the conversion of a portion of class B shares to class A shares, the Company will have 35,152,196 common shares outstanding consisting of 12,673,746 class A shares and 22,478,450 class B shares.

About Atlas Technical Consultants

Headquartered in Austin, Texas, Atlas is a leading provider of professional testing, inspection, engineering, environmental, program management and consulting services. Under the name Atlas Technical Consultants, we offer solutions to public and private sector clients in the transportation, commercial, water, government, education and industrial markets. With approximately 140 offices in 41 states and approximately 3,300 employees, Atlas provides a broad range of mission-critical technical services, helping clients test, inspect, certify, plan, design and manage a wide variety of projects across diverse end markets. For more information, go to https://www.oneatlas.com.

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