Case Study

Supporting Insight Equity’s Acquisition of Atmos Technologies

Based in Newtown Square, Pennsylvania, Atmos Technologies is a specialty materials platform dedicated to providing sustainable solutions for performance and environmental challenges in infrastructure and waste applications.

Atmos Technologies

At a Glance

In 2023 Insight Equity, a private equity firm focused on the lower middle-market and sponsor of this transaction, approached PGIM to support its acquisition of Atmos Technologies. The sponsor sought a partner who could provide a one-stop financing solution across the capital structure to finance the acquisition.

In March 2024, we provided a senior revolver, a senior term loan, senior subordinated notes, and a common equity co-invest. The sponsor decided to partner with us given our: i) relationship-based approach, ii) certainty of execution, and iii) deep understanding of the business.

We are proud to support this acquisition and look forward to supporting the business over the long-term.

Relationship Since 2023
 
Transaction details:
  • Revolving Credit Facility
  • Senior Term Loan
  • Senior Subordinated Notes
  • Common Equity

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Jason Hartman, CFA
Jason Hartman, CFA

Executive Director, North America Corporate Finance

+1 (214) 720-6237