Atomic Data Recapitalized by Dubin Clark

On September 12, 2024, Atomic Data, a managed IT provider, announced its recapitalization by Dubin Clark & Company, a private equity firm specializing in the lower middle market. This strategic move involved the formation of a new holding company that invested in both Atomic Data and its strategic partner, Foundation Technologies. The financial details of the deal were not disclosed, but it marks a significant step for both companies in their growth trajectory. The collaboration with Hennepin Partners was crucial in attracting Dubin Clark, which recognized the strengths of Atomic Data and Foundation Technologies developed over more than two decades. The investment aims to enhance service offerings while preserving the companies' core values, independence, and culture. Chris Heim, CEO of both companies, expressed optimism about the growth opportunities this partnership will create. Lawrence Patterson, co-founder of Atomic Data, emphasized the importance of aligning with a values-oriented partner like Dubin Clark, which will help maintain the high standards of service that have been established over the years. The investment is expected to facilitate a new phase of growth for Atomic Data while ensuring quality service remains a priority. Brent Paris and Thomas Cooperrider from Dubin Clark highlighted the exceptional service culture fostered by both companies, which has led to high retention rates among customers and employees. This partnership is seen as an exciting opportunity to fuel further growth and solidify their market position in the IT services industry.