Boxwood is a publicly-traded, blank check company (NASDAQ: BWMCU) formed for the purpose of effecting a merger with the right partner company. Our business strategy is to target, identify and complete our initial business combination with a company that provides technical and industrial services across a broad range of industries where we can leverage the experience of our management team and our co-sponsor, global financial services firm Macquarie Group, the worldâs largest infrastructure asset manager with $119 billion of assets under management.
On August 13th, 2019 we announced a definitive merger agreement with Atlas Technical Consultants Holdings. Headquartered in Austin, TX, Atlas is a leading provider of mission-critical technical services that help its public and private sector clients test, inspect, certify, plan, design and manage a wide variety of projects across the transportation, commercial, industrial, government, education and other nonresidential markets. Atlas has a recurring and contracted non-discretionary revenue base and is strategically positioned to benefit from the growing need to service, repair and rebuild the nationâs aging infrastructure. Atlas exhibits all of the key factors central to Boxwoodâs strategy. The proposed transaction is expected to be completed in the fourth quarter of 2019.
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