07/12/2022  |  News

Atlas Holdings Announces Close of Atlas Capital Resources I CF LP

$395.6 Million Fund Provides Opportunity for Additional Value Creation at Six Atlas Portfolio Companies

GREENWICH, CT – Atlas Holdings LLC (“Atlas”) today announced the close of Atlas Capital Resources I CF LP (“Fund”), a $395.6 million continuation vehicle that has acquired controlling interests in six Atlas portfolio businesses, including five of the six companies of Atlas Capital Resources LP. This Fund will allow Atlas to continue to build value in a group of successful and profitable industrial companies that Atlas has owned for years and in whose future prospects it has high conviction. The Fund includes $320.6 million in funded commitments and rolled LP/GP interests together with $75 million of unfunded commitments to provide the portfolio access to additional capital for expansion through organic growth opportunities as well as strategic Bolt-on acquisitions.

“Atlas’ investment strategy has remained consistent since inception, with a focus on transforming underperforming businesses into Performance Organizations – businesses that consistently outperform their peers in regard to operational, safety and financial metrics. The Fund is the latest demonstration of our long-term approach to building value through extending our hold period and providing access to additional capital,” said Andrew Bursky, Atlas’ Co-Founder and Managing Partner.

“While much of the secondary market is dominated by tech and healthcare, industrial businesses like ours can benefit from increased runway. Atlas has a long history of success partnering with talented Leadership Teams and this Fund provides the opportunity to capture additional value creation in these businesses over the next phase of their growth,” said Tim Fazio Atlas’ Co-Founder and Managing Partner.

“The sector-insight and expertise required to create value in companies that are impacted by the business and capital markets cycles is a cornerstone of our team’s capabilities. Often, there is room to create significant value by displaying the patience to operate companies like those in the portfolio through many iterations of these business cycles, which is further enabled by this Fund,” said Atlas Managing Partner Jacob Hudson.

Evercore’s Private Capital Advisory Group served as financial adviser and Proskauer Rose LLP served as legal adviser to Atlas for Atlas Capital Resources I CF LP.

About Atlas Holdings

Headquartered in Greenwich, Connecticut and founded in 2002, Atlas and its affiliates own and operate 25 companies, which employ approximately 50,000 associates across more than 300 facilities worldwide. Atlas operates in sectors such as aluminum processing, automotive, building materials, capital equipment, construction services, food manufacturing and distribution, packaging, paper, power generation, printing, pulp, supply chain management and wood products. Atlas’ companies together generate approximately $14.5 billion in revenues annually.