{"id":476643,"date":"2021-04-15T07:03:41","date_gmt":"2021-04-15T11:03:41","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/atlas-technical-consultants-completes-acquisition-of-atlantic-engineering-laboratories-inc\/"},"modified":"2021-04-15T07:03:41","modified_gmt":"2021-04-15T11:03:41","slug":"atlas-technical-consultants-completes-acquisition-of-atlantic-engineering-laboratories-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/atlas-technical-consultants-completes-acquisition-of-atlantic-engineering-laboratories-inc\/","title":{"rendered":"Atlas Technical Consultants Completes Acquisition of Atlantic Engineering Laboratories, Inc."},"content":{"rendered":"<h2>\nExpands Business Platform and Service Offerings in the New York Tri-State Region<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">AUSTIN, Texas., April  15, 2021  (GLOBE NEWSWIRE) &#8212; Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (\u201cAtlas\u201d or the \u201cCompany\u201d), a leading Infrastructure and Environmental services provider, announced today that it has closed on its acquisition of Atlantic Engineering Laboratories (\u201cAEL\u201d), a full-service Materials Testing, Inspection, and Engineering firm providing Geotechnical, On-site Quality Control and Quality Assurance services in New York, New Jersey and Connecticut since 2004. With over 275 employees, AEL supports the public sector, educational institutions, private developers, and commercial clients.<\/p>\n<p align=\"justify\">L. Joe Boyer, Atlas\u2019 Chief Executive Officer said, \u201cWe are excited to complete this transaction. AEL\u2019s testing and inspection expertise backed by an exceptional client reputation positions Atlas to capitalize on the increasing infrastructure spend in greater New York and the tri-state region. Our combined expertise will allow us to cross-sell and grow our market share with existing and new clients.\u201d\u00a0\u00a0<\/p>\n<p align=\"justify\">The terms of the acquisition were not disclosed. Inclusive of this transaction, the Company will have 36,018,978 common shares consisting of 30,590,953 class A and 5,428,025 class B shares.<\/p>\n<p align=\"justify\">\n        <strong>About Atlas Technical Consultants<\/strong>\n      <\/p>\n<p align=\"justify\">Headquartered in Austin, Texas, Atlas is a leading provider of Testing, Inspection &amp; Certification (TIC), Environmental (ENV), Engineering &amp; Design (E&amp;D), and Program, Construction and Quality Management (PCQM) 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 3,300 employees and a nationwide footprint, 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 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bBQfikXOc4ud-PvDysFD-m6BOq60p75PnJmGqfbp5Mq_9qGDfT4JxbyLMySI09drG9CL8_Pi-4jT5nDY9VjzlewAiASMZHkDXeUlSSXv-pY=\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.oneatlas.com<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">The statements contained in this press release that are not purely historical are forward-looking statements. Our forward-looking statements include, but are not limited to, statements regarding our or our management team\u2019s expectations, hopes, beliefs, intentions or strategies regarding the future. The information included in this press release in relation to Atlas has been provided by Atlas and its management team, and forward-looking statements include statements relating to Atlas\u2019 management team\u2019s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccontinue,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cintends,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cplan,\u201d \u201cpossible,\u201d \u201cpotential,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201cshould,\u201d \u201cwould\u201d and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us and are based on management\u2019s experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: (1) the effect, impact, potential duration or other implications of the COVID-19 pandemic and any expectations we may have with respect thereto; (2) the risk that our actual results may differ from the guidance we have provided; (3) the ability to recognize the anticipated benefits of our past acquisitions, which may be affected by, among other things, competition, the ability of the Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain management and key employees; (4) changes adversely affecting the business in which we are engaged; (5) changes in applicable laws or regulations; (6) the possibility that the Company may be adversely affected by other economic, business, and\/or competitive factors; and (7) other risks and uncertainties indicated from time to time in the Company\u2019s filings with the U.S. Securities and Exchange Commission, including those under \u201cRisk Factors\u201d therein.<\/p>\n<p align=\"justify\">\n        <strong>Contacts:<\/strong>\n      <\/p>\n<p align=\"justify\">\n        <strong>Media<\/strong><br \/>\n        <br \/>Karlene Barron<br \/>770-314-5270<br \/>karlene.barron@oneatlas.com<\/p>\n<p align=\"justify\">\n        <strong>Investor Relations <\/strong><br \/>\n        <br \/>512-851-1507<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=I5pVsdyStw8izirJ_4I_8sa7n78dYyP_mU5DBtt1Ah3CXZsavxsiVUf4wlhaSnRdUaxGRewtQ7piHqkxc7cxAg==\" rel=\"nofollow noopener\" target=\"_blank\">ir@oneatlas.com<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxNzQ5NiM0MTIyNDYyIzIxOTkzODU=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/b2821cdb-6568-4108-9c53-abc8d5549136\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Expands Business Platform and Service Offerings in the New York Tri-State Region AUSTIN, Texas., April 15, 2021 (GLOBE NEWSWIRE) &#8212; Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (\u201cAtlas\u201d or the \u201cCompany\u201d), a leading Infrastructure and Environmental services provider, announced today that it has closed on its acquisition of Atlantic Engineering Laboratories (\u201cAEL\u201d), a full-service Materials Testing, Inspection, and Engineering firm providing Geotechnical, On-site Quality Control and Quality Assurance services in New York, New Jersey and Connecticut since 2004. With over 275 employees, AEL supports the public sector, educational institutions, private developers, and commercial clients. L. Joe Boyer, Atlas\u2019 Chief Executive Officer said, \u201cWe are excited to complete this transaction. AEL\u2019s testing and inspection expertise backed by an exceptional client reputation positions &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/atlas-technical-consultants-completes-acquisition-of-atlantic-engineering-laboratories-inc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Atlas Technical Consultants Completes Acquisition of Atlantic Engineering Laboratories, Inc.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-476643","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Atlas Technical Consultants Completes Acquisition of Atlantic Engineering Laboratories, Inc. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/atlas-technical-consultants-completes-acquisition-of-atlantic-engineering-laboratories-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Atlas Technical Consultants Completes Acquisition of Atlantic Engineering Laboratories, Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Expands Business Platform and Service Offerings in the New York Tri-State Region AUSTIN, Texas., April 15, 2021 (GLOBE NEWSWIRE) &#8212; Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (\u201cAtlas\u201d or the \u201cCompany\u201d), a leading Infrastructure and Environmental services provider, announced today that it has closed on its acquisition of Atlantic Engineering Laboratories (\u201cAEL\u201d), a full-service Materials Testing, Inspection, and Engineering firm providing Geotechnical, On-site Quality Control and Quality Assurance services in New York, New Jersey and Connecticut since 2004. With over 275 employees, AEL supports the public sector, educational institutions, private developers, and commercial clients. L. Joe Boyer, Atlas\u2019 Chief Executive Officer said, \u201cWe are excited to complete this transaction. 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(Nasdaq: ATCX) (\u201cAtlas\u201d or the \u201cCompany\u201d), a leading Infrastructure and Environmental services provider, announced today that it has closed on its acquisition of Atlantic Engineering Laboratories (\u201cAEL\u201d), a full-service Materials Testing, Inspection, and Engineering firm providing Geotechnical, On-site Quality Control and Quality Assurance services in New York, New Jersey and Connecticut since 2004. With over 275 employees, AEL supports the public sector, educational institutions, private developers, and commercial clients. L. Joe Boyer, Atlas\u2019 Chief Executive Officer said, \u201cWe are excited to complete this transaction. 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