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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.

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