This Transaction Represents Atar’s Second Platform Investment In 8 Months
LOS ANGELES – Tuesday, September. 5, 2017 – Atar Capital announced today that it has completed the acquisition of Recycling and Waste Solutions, a division of the HAVI Group (RWS). Financial terms of the transaction were not disclosed. Effective immediately, Anthony DiIenno will remain as President and CEO.
RWS was launched in 2012 with the goal of providing true “closed loop” solutions and complementing HAVI’s global supply chain offerings. Based in Chadds Ford, Pennsylvania, RWS develops and manages recycling, waste and sustainability programs for regional and multinational companies throughout North America.
“We are thrilled to welcome Anthony and the RWS team to the Atar family. We were attracted to RWS as a result of their strong management team, notable blue chip customer base, and market leading technology and analytics platform – all of which separates RWS from its competition,” said Cyrus Nikou, Founder and Managing Partner of Atar Capital.
“This transaction marks Atar Capital’s second closing and execution of a corporate divestiture in 8 months, and highlights our ability to deliver speed and certainty to a respected corporate seller like HAVI – executing this transaction in just under twenty-one days. We will now bring Atar Capital’s financial, operational and M&A resources to bear in support of the Company’s long-term strategic plans. We are excited to work with RWS and to help them reach their full potential,” said Mr. Nikou.
Mr. DiIenno, a third-generation recycler with over thirty years of recycling and waste solutions experience, has led his team and delivered double digit growth for the business over the last five years. “The Atar team and I believe that we have a significant opportunity to enhance the long-term value of our business for all stakeholders, including our customers,” stated Mr. DiIenno. “We look forward to a seamless transition over the next one hundred days, while maintaining best-in-class service for our customers.”
Dan Musachia, HAVI’S CFO states, “HAVI remains committed to advancing sustainable solutions as a critical component of our supply chain service offerings, and RWS will continue to remain HAVI’s preferred partner for recycling and waste solutions.”
BNP Paribas acted as the exclusive advisor to HAVI on the sale, and Dykema Gossett acted as outside legal counsel to Atar Capital.
About Atar Capital
Atar Capital is a global private investment firm that benefits from over sixty years of combined buy-out, investing and asset management experience. The firm’s principals have collectively completed over sixty private equity transactions across eighteen countries worldwide.
Atar Capital invests in both performing and underperforming lower middle market businesses that exhibit potential for revitalization, operational performance improvement, and growth. The firm specializes in corporate divestitures, complex carve-outs, and turn-around situations across a wide range of industries and geographic markets, with a focus on North America and Western Europe.
Headquartered in Los Angeles, and with offices in London, Atar Capital’s best-in-class business development, M&A and operations capabilities enable its portfolio companies to achieve their full potential. For more information, visit www.atarcapital.com.
About Recycling and Waste Solutions
RWS develops and manages end-to-end recycling, waste and sustainability programs for multi-site blue chip customers across North America.
RWS is a full-service provider and category manager with an asset light business model. Its customers benefit from market leading technology, action oriented analytics and reporting, and an expertly managed commodities trading platform.
RWS is headquartered in Chadds Ford, Pennsylvania and has offices located in Atlanta, Georgia; Plano, Texas; St. Louis, Missouri; and Los Angeles, California.
To learn more about this acquisition, please contact
Mr. Vijay K Mony Managing Director, Atar Capital +1 310 882 5568 vmony@atarcapital.com
Los Angeles, California – Atar Capital announced today that it opened it new global headquarters in the Century City area of Los Angeles. Atar built their new offices at the iconic 1999 Avenue of the Stars.
“I am excited to have consolidated our business development, M&A and operations teams to a brand-new purpose built state-of-the-art global headquarters in the heart of the financial and banking district of Los Angeles,” said Cyrus Nikou, Founder and Managing Partner of Atar Capital.
Atar’s new offices features the latest in open space concepts to promote collaboration and a collegial atmosphere for employees. Special details, such as use of reclaimed walnut woods, ergonomic work stations with height adjusting desks were used to ensure employees and visitors have the most productive, functional yet design forward work environment.
About Atar Capital
Atar Capital is a global private investment firm that benefits from over sixty years of combined buy-out, investing and asset management experience. The firm’s principals have collectively completed over sixty private equity transactions across eighteen countries worldwide.
Atar Capital invests in both performing and underperforming lower middle market businesses that exhibit potential for revitalization, operational performance improvement, and growth. The firm specializes in corporate divestitures, complex carve-outs, and turn-around situations across a wide range of industries and geographic markets, with a focus on North America and Western Europe.
Headquartered in Los Angeles, and with offices in London, Atar Capital’s best-in-class business development, M&A and operations capabilities enable its portfolio companies to achieve their full potential. For more information, visit www.atarcapital.com.
Atar Contact
Vijay K Mony Managing Director vmony@atarcapital.com Phone: +1 310 882 5568
Investment Represents First Acquisition for Atar Capital
Atar Capital, a Los Angeles-based, global private equity firm, announced today that it has completed its acquisition of Furmanite’s Midstream Quality Assurance Business from a wholly owned subsidiary of Team, Inc. (NYSE: TISI). Based in Tulsa, Oklahoma, the business serves as an independent, outsourced provider of inspection and integrity services for all disciplines of midstream pipeline, pipeline stations, terminals, power plants, tank storage farms and other energy related fields. Terms of the acquisition were not disclosed.
Effective immediately, the business will be rebranded as Frontier Integrity Solutions (“FIS”). FIS is one of the leading independent inspection and integrity service companies in North America.
Cyrus Nikou, Founder and Managing Partner of Atar Capital, said “FIS has a tremendous management team already in place that will benefit greatly from the operational resources and entrepreneurial spirit that Atar Capital provides. We have a clear path to grow this business organically, and our team is excited to help take this company to the next level.”
While Mr. Nikou has completed numerous transactions in his private equity career, the FIS acquisition marks the first transaction for Atar Capital in 2016. “This is a tremendous accomplishment for Atar Capital. To complete a carve-out acquisition of this size in our first six months since launch, and within 40 days of signing an LOI, demonstrates our firm’s capabilities and commitment to getting deals done. From the start, I set high expectations for our team, and we will continue to raise the bar as we head into what will be a very big year.”
PricewaterhouseCoopers Corporate Finance LLC acted as sell-side advisor to Team, Inc. Locke Lord acted as outside legal counsel for Team, Inc., and Dykema Gossett acted as outside legal counsel for Atar Capital.
About FIS
FIS is a North American leader in oil and gas pipeline inspection and integrity services. Serving their customers since 1975, FIS serves as an independent, outsourced provider of inspection and integrity services for all disciplines of pipeline, pipeline stations, terminals, power plants, tank storage farms, and other energy related fields. FIS works with 3,100+ professionals to place qualified Inspectors who act as the Designated Operator Representative to supplement the pipeline operators’ management and employees in the construction and implementation of pipeline, power plant, and mechanical integrity projects. FIS is headquartered in Sand Springs, Oklahoma, serving customers in both the U.S. & Canada.
About Atar Capital
Atar Capital is a global private investment firm that benefits from over sixty years of combined buy-out, investing and asset management experience. The firm’s principals have collectively completed over sixty private equity transactions across eighteen countries worldwide.
Atar Capital invests in both performing and underperforming lower middle market businesses that exhibit potential for revitalization, operational performance improvement, and growth. The firm specializes in corporate divestitures, complex carve-outs, and turn-around situations across a wide range of industries and geographic markets, with a focus on North America and Western Europe.
Headquartered in Los Angeles, and with offices in London, Atar Capital’s best-in-class business development, M&A and operations capabilities enable its portfolio companies to achieve their full potential. For more information, visit www.atarcapital.com.
Atar Contact
Vijay K Mony Managing Director vmony@atarcapital.com Phone: +1 310 882 5568
London, England – Atar Capital announced today that it opened its offices in London. Located in the iconic Mayfair district, the establishment of a London office further solidifies the firm’s commitment to invest in the region and to better serve its portfolio companies based in Europe.
“As Atar continues its global expansion, we felt it was important to establish an office in London and further reinforce our commitment and focus to invest in the region,” said Cyrus Nikou, Founder and Managing Partner of Atar Capital.
Atar’s London office will focus on business development and operations.
About Atar Capital
Atar Capital is a global private investment firm that benefits from over sixty years of combined buy-out, investing and asset management experience. The firm’s principals have collectively completed over sixty private equity transactions across eighteen countries worldwide.
Atar Capital invests in both performing and underperforming lower middle market businesses that exhibit potential for revitalization, operational performance improvement, and growth. The firm specializes in corporate divestitures, complex carve-outs, and turn-around situations across a wide range of industries and geographic markets, with a focus on North America and Western Europe.
Headquartered in Los Angeles, and with offices in London, Atar Capital’s best-in-class business development, M&A and operations capabilities enable its portfolio companies to achieve their full potential. For more information, visit www.atarcapital.com.
Atar Contact
Vijay K Mony Managing Director vmony@atarcapital.com Phone: +1 310 882 5568