Latham & Watkins Advises Odyssey Investment Partners on Sale of ATS to SGS

SGS, the world’s leading testing, inspection and certification company, has announced that it has signed a definitive agreement to acquire the entire issued share capital of Applied Technical Services (ATS), a leading provider of specialized testing, inspection, calibration, and forensics solutions in North America. The transaction, valued at US$1.325 billion, is expected to close in late 2025 or early 2026, subject to customary closing conditions.

Latham & Watkins represents Odyssey Investment Partners in the transaction with a corporate deal team led by New York partners Paul Kukish, Michael Vardanian, and Daniel Williams, with associates Josh Meyer, Jonathan Kow, and Morgan Hagenbuch. Advice was also provided on tax matters by New York partner Alan Kimball, with associate Christina McLeod; on benefits and compensation matters by New York partners Bradd Williamson and Megan Alessi, with associates Alisa Hand and Seokwon Lee; on labor and employment matters by New York counsel Sandra Benjamin, with associate Jocelyn Wexler; on intellectual property matters by New York partner Jeffrey Tochner, with associate Zachary Shufro; on data privacy matters by Bay Area partner Robert Blamires, with associate Kathryn Parsons-Reponte; on finance matters by New York partner Scott Ollivierre, with associate Ben Bussmann; on environmental matters by New York counsel David Langer, with associate Brittany Curcuru; on real estate matters by New York partner Dara Denberg, with associate Jack Jia; on trade matters by Washington, D.C. partner Andrew Galdes, with associates Matthew Gregory and Monica Calce; on government contracts matters by Washington, D.C. partner Kyle Jefcoat; on CFIUS matters by Washington, D.C. partner James Barker, with associate Christine Kalpin; and on antitrust matters by Washington, D.C. partner Jason Cruise, with associates Andrew Paik and Chuanyi Qi.