Boxwood and PE-backed Atlas to merge

Boxwood Merger Corp, a blank check company and Atlas Intermediate Holdings, a provider of professional testing, inspection, engineering and consulting services, have agreed to merge. The enterprise value is $709.5 million. Upon the closing of the transaction, Atlas will become an indirect subsidiary of Boxwood. Also, Boxwood plans on changing its name to Atlas Technical Consultants. Harris Williams is advising Atlas on the deal. Currently, Atlas is a portfolio company of Bernhard Capital Partners. Bernhard and the Atlas management team will retain a "significant" equity stake in Atlas Technical moving forward.

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