Atlas CEO pleased to be associated with IGP

26 Oct '07

2 min read

Atlas Material Testing Technology LLC has finalized an agreement to sell a majority stake in the company to Industrial Growth Partners (IGP), a specialized investment firm focused on middle-market industrial manufacturing and manufacturing services businesses.

The investment in Atlas will provide additional capital to support the continued rapid growth that the company has experienced in recent years.

IGP, a San Francisco-based firm, invests in leading niche manufacturers of highly engineered products and has significant experience in both test and measurement markets and in facilitating ownership transitions within family-owned businesses.

"We conducted an extensive search to find the right partner for us", says Russell Lane, CEO of Atlas. "Our goal was an investor that will help us continue to invest in new technologies, and develop new products and services for the weather testing market. We are pleased to be associated with IGP."

Over the past eight decades, Atlas has been a leader in the materials testing industry. During that time, the company has grown from a small Chicago-based firm to a global leader through internal growth in its core markets and through partnerships and acquisitions.

"Atlas is an exceptional company that is a leader in its industry," Eric Heglie, Partner of IGP states. "We believe that Atlas has the platform, the people, and the technologies to accelerate its growth trajectory. We are very excited about the opportunities ahead."

ATLAS Material Testing Technology LLC

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