Atlas Devices has been recapitalized by Anvil Capital

Atlas Devices has been recapitalized by Anvil Capital 2017-09-14T18:12:05+00:00

Project Description

Atlas Devices, LLC (“Atlas”), a leading developer, manufacturer and supplier of rapid access solutions, has been recapitalized by Anvil Capital.  Founded in 2005 by graduates of MIT and headquartered in Boston, Massachusetts, Atlas provides innovative solutions that enable rapid access for defense, special forces, security, law enforcement and rescue personnel during difficult missions in maritime, urban, airborne and other environments.  Atlas manufacturers the highest performance power ascenders in use today and also offers other specialized access products such as ropes, ladders, poles, hooks, magnetic climbing systems, launchers and related products.  Atlas’s technologies have yielded market leading access equipment that set new standards for the speed, ease and safety with which end users are able to accomplish their missions.

Anvil Capital is an operationally focused private equity firm that invests in established, lower middle market niche manufacturing and service companies located in the Northeastern United States.

The transaction was structured as a majority recapitalization of Atlas, with the founding partners retaining a significant equity stake.  Pine Street Capital invested in subordinated debt and preferred stock, and Blue Hills Bank provided the senior debt for the transaction.  Terms of the transaction were not disclosed.  Philpott Ball & Werner, LLC served as investment banker to Atlas.  For more information about this transaction, please contact Ted Werner at twerner@pbandw.com, Luke Korta at lkorta@pbandw.com or Erik Appareti at eappareti@pbandw.com.