Sep 25, 2024, 6:30 AM
Sep 25, 2024, 6:30 AM

Thompson Street Capital Partners invests in ATIS for growth

Highlights
  • Thompson Street Capital Partners has invested in ATIS, a provider of elevator and escalator safety inspections.
  • ATIS has grown rapidly since its founding in 2012, now serving over 15,000 customers and managing nearly 100,000 elevators.
  • The partnership aims to enhance ATIS's capabilities and accelerate its growth in the elevator compliance market.
Story

Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, has made a significant growth investment in ATIS, a leading provider of elevator and escalator safety inspections and consulting services. Founded in 2012, ATIS has rapidly expanded its operations, now serving over 15,000 customers and managing nearly 100,000 elevators across the US and Canada. The firm employs more than 200 inspectors and consultants, establishing a strong presence in the elevator compliance and vertical transportation consulting market. The investment aims to enhance ATIS's capabilities and accelerate its growth trajectory. TSCP has expressed admiration for ATIS's unique platform and is committed to supporting the company through investments in sales, marketing, and new service offerings. This partnership is expected to broaden ATIS's reach and improve its service delivery, ultimately benefiting its stakeholders. Bob Dunn, Managing Partner at TSCP, highlighted the strategic alignment between TSCP and ATIS, emphasizing the potential for growth in essential service industries. The collaboration is seen as a step forward in expanding TSCP's footprint in sectors with strong demand and growth prospects. The terms of the transaction have not been disclosed, but the partnership is anticipated to drive positive outcomes for both companies. As ATIS continues to innovate and expand its service offerings, the backing from TSCP will provide the necessary resources to enhance its end-to-end elevator management platform. This investment marks a pivotal moment for ATIS as it seeks to solidify its leadership position in the industry and respond to the growing demand for elevator safety and compliance services.

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