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Atlas Holdings sells Pangborn Group to United Generations

Atlas Holdings has sold portfolio company Pangborn Group, a designer, manufacturer and supplier of innovative surface preparation equipment and related aftermarket parts and services, to United Generations. Terms of the transaction have not been disclosed.

Atlas acquired Pangborn in June of 2006. Headquartered in Fairburn, Georgia, the company employs over 250 people at nine strategically located facilities around the world.
 
“When we acquired Pangborn, our goal was to reinvigorate and strengthen an innovative manufacturing company, one with roots dating back well over a century,” says Andrew Bursky, Atlas Co-Managing Partner.  “We succeeded by doing what Atlas does best; partnering with a great management team, skilled associates and loyal, blue-chip customers to drive value creation.  In so doing, we re-established Pangborn as the “go to” shot blast and air blast equipment and services provider in the global marketplace.”
 
“Pangborn’s global footprint, entrenched customer relationships and core brands have positioned the company well for the future,” says Tim Fazio, Co-Managing Partner of Atlas. “The business has been part of the Atlas family for nearly a decade and we’re very proud of its record of achievement.”
 
“Pangborn has the history, market recognition, engineering expertise and passionate associates engaged in building high-quality equipment and providing responsive service for their customers.  These valuable characteristics match very closely to the characteristics we have learned and developed over many decades in our operating businesses,” says Doug Basler, Chairman of United Generations, LLC.  “We are confident we can, with the active partnership of Pangborn’s talented and committed management and employees, build upon an already successful company.”
 
Pangborn provides complete solutions throughout the lifecycle of surface preparation equipment, including initial design and installation, reliable aftermarket rebuilds and service and timely delivery of high quality replacement parts. Its three core brands – Pangborn, Berger Strahltechnik (Berger) and Vogel & Schemmann (“V+S”), enjoy a rich history, dating back over 140 years. They are recognised globally as innovators and leaders within the shot blasting industry.

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