Atar Capital Announces Successful Exit of Pipeline-Inspection Company Frontier Integrity Solutions

The nine-year partnership exemplifies Atar’s commitment to its affiliate companies, as well as the firm’s overall approach to operational excellence and future-ready stewardship.

LOS ANGELES--(BUSINESS WIRE)--Atar Capital, a Los Angeles-based global private investment firm, today announced the successful sale of Frontier Integrity Solutions (FIS) through a management buyout. The transaction marks the culmination of a nine-year partnership that transformed FIS into a leading provider of pipeline inspection and integrity services that keep America's energy infrastructure secure.

As the U.S. works to modernize and secure its energy infrastructure and pipeline networks to better serve increasing demand, companies like FIS play an indispensable role in ensuring these systems operate safely and efficiently. The transaction structure ensures continuity of FIS's mission-critical services while positioning both Atar Capital and FIS for their next phases of growth.

"FIS exemplifies what Atar Capital seeks to achieve through impactful investing," said Cyrus Nikou, Founder and Managing Partner of Atar Capital. "Over the past nine years, we've worked alongside an exceptional management team to build a company that protects the critical infrastructure powering our nation. At a time when U.S. energy infrastructure has never been more important to our economic security and energy independence, FIS stands as a testament to what can be accomplished when operational excellence meets purpose-driven investment. We're incredibly proud of what we've built together and confident that FIS will continue to thrive under management’s ownership."

Atar Capital acquired FIS from Furmanite America Inc. in December 2016. With nearly 800 certified inspectors and specialists, FIS has become an essential partner to major energy companies, providing comprehensive midstream quality assurance services that ensure the safety and reliability of oil and gas pipeline infrastructure throughout the U.S.

Under Atar Capital's ownership, FIS underwent significant operational improvements, including the implementation of advanced tracking and compliance systems, expansion of its professional workforce, and strengthening of relationships with key industry customers. The company's commitment to quality, trust, and honesty—values spanning its over 40-year history—remained at the core of its growth strategy.

"This transition represents an exciting new chapter for Frontier Integrity Solutions," said Keyth Pengal, CEO of Frontier Integrity Solutions. "We're grateful to Cyrus and the Atar Capital team for their years of strategic guidance, operational expertise, and unwavering support — all of which allowed us to modernize our operations and expand our capabilities. As we enter this next phase, we're committed to maintaining the integrity of North America's critical pipeline infrastructure."

About Atar Capital

Atar Capital is a global private investment firm that acquires a wide range of lower middle market businesses exhibiting opportunities for growth, revitalization and significant value creation. Atar Capital’s principals have collectively completed 90 private equity transactions across 18 countries worldwide.

Atar Capital’s combination of operational expertise, industry knowledge, and investment experience provides a unique edge in creating value and working as a true partner with its affiliate companies. The firm assists in activities ranging from growing the business to improving operations and financial performance, leveraging all available resources and talent within Atar’s leadership team, as well as its bench of seasoned senior advisors with deep sector and functional expertise. For more information, please visit www.atarcapital.com.

About Frontier Integrity Solutions

Frontier Integrity Solutions is a leading provider of pipeline inspection and integrity services for the midstream energy sector. With nearly 800 certified professionals and over 40 years of industry experience, FIS specializes in ensuring the safety, compliance, and reliability of pipeline infrastructure across North America. Headquartered in Tulsa, Oklahoma, the company serves major energy industry players with precision inspection services, detailed project tracking, and comprehensive quality assurance solutions. For more information, visit www.frontierintegrity.com.