Skip to main content

Odyssey Investment Partners Acquires Applied Technical Services

A fund managed by Odyssey Investment Partners has acquired Applied Technical Services, Inc., a provider of testing, inspection, and calibration services, in partnership with Jim J. Hills, the Company’s President, and the existing ATS management team.

Jason Cowett, a Managing Principal at Odyssey, said, “We are excited to partner with ATS, which is primed to accelerate its decades-long track record of growth given its strong value proposition and robust diversification across customers, geographies, and end markets. The Company has built considerable momentum driven by investments in infrastructure and talent, deep customer relationships, and an ingrained entrepreneurial culture. ATS has significant runway to continue its organic expansion and accelerate strategic acquisitions by capitalizing on its proven M&A capabilities in the fragmented markets it serves. We look forward to our partnership with Jim, his outstanding management team, and all of ATS’s talented professionals.”

Latham & Watkins served as legal advisor to Odyssey and Houlihan Lokey served as financial advisor.


© The Sortino Group Ltd

All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or scanning or otherwise, except under the terms of the Copyright, Designs and Patents Act 1988 or under the terms of a licence issued by the Copyright Licensing Agency or other Reprographic Rights Organisation, without the written permission of the publisher. For more information about reprints from AlphaWeek, click here.