H.I.G. Capital News
1450 Brickell Avenue
Miami, FL 33131
WhiteHorse Capital Provides Anchor Investment in Senior Secured Term Loan to Atlas Intermediate Holdings, LLC
MIAMI – June 30, 2020 – WhiteHorse Capital, the direct lending affiliate of H.I.G. Capital, a leading global private equity and alternative assets investment firm with $37 billion of equity capital under management, announced today that it has provided an anchor investment of more than $75 million in a $281 million senior secured term loan facility, agented by Macquarie Capital, to Atlas Intermediate Holdings, LLC (“Atlas” or the “Company”). Atlas is a wholly-owned subsidiary of Atlas Technical Consultants, Inc. (NASDAQ: ATCX), a national provider of professional services including testing, inspection, engineering, and consulting services for public and private sector customers across 40+ states. The Company provides a broad range of mission-critical services, helping clients test, inspect, plan, design, certify, and manage a wide variety of projects across diverse end markets.
About Atlas Technical Consultants
Headquartered in Austin, Texas, Atlas is a leading provider of professional testing, inspection engineering and consulting services under the name Atlas Technical Consultants, offering solutions to public and private sector clients in the transportation, commercial, water, government, education and industrial markets. With more than 100 offices in 40 states and 3,200+ 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.
About WhiteHorse Capital
WhiteHorse is the direct lending affiliate of H.I.G. Capital, a leading global private equity and alternative assets investment firm with $37 billion of equity capital under management.* WhiteHorse provides debt financing to middle market companies across a broad range of industries, including business services, manufacturing, healthcare, retail, food/agriculture, and specialty finance. WhiteHorse has a broad investment mandate and provides senior and subordinated debt for refinancings, growth capital, acquisitions, buyouts, and balance sheet recapitalizations. WhiteHorse professionals, across the U.S. and Europe, have extensive experience and a proven track record of providing creative financing structures and employing a long-term relationship oriented portfolio management philosophy.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.