January 25, 2024 10:00 AM Eastern Standard Time

SOUTHFIELD, Mich.–(BUSINESS WIRE)–Atwell, a leading consulting, engineering, and construction services firm, has announced that it has secured a $200 million senior credit facility with a lending group led by Bank of America. Also included in the lending group are U.S. Bank, TD Bank, and Old National Bank. This new facility enhances Atwell’s financial flexibility, with increased capacity to drive anticipated organic and acquisition growth. Terms of the transaction were not disclosed.

“This agreement with Bank of America will allow us to optimize our capital structure and give us the flexibility needed to accomplish our goals.”

“Atwell has seen tremendous growth over the past several years, and we intend to continue growing to better serve our clients, expand into new markets and geographies, and create the strongest opportunities for our people to grow professionally,” said Brian Wenzel, Atwell’s Chief Executive Officer. “This agreement with Bank of America will allow us to optimize our capital structure and give us the flexibility needed to accomplish our goals.”

Atwell was advised in this transaction by its Exclusive Placement Agent Nomura Securities International, accounting advisor Cohn Reznick, and legal advisor Bodman.

Atwell, LLC is a national consulting, engineering, and construction services firm with more than 1,700 professionals located across the country. Creating innovative solutions for clients in industries such as real estate and land development, power and energy, oil and gas, and transportation and infrastructure, Atwell provides comprehensive turnkey services including land and right-of-way support, planning, landscape architecture, engineering, land surveying, environmental compliance and permitting, and project and program management.

“Bank of America” and “BofA Securities” are the marketing names used by the Global Banking and Global Markets divisions of Bank of America Corporation. Lending, derivatives, other commercial banking activities, and trading in certain financial instruments are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Trading in securities and financial instruments, and strategic advisory, and other investment banking activities, are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, BofA Securities, Inc., which is a registered broker-dealer and Member of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. is a registered futures commission merchant with the CFTC and a member of the NFA. Investment products offered by Investment Banking Affiliates:

Are Not FDIC Insured

Are Not Bank Guaranteed

May Lose Value

Contacts

Timothy Augustine, Chief Corporate Officer, Atwell, LLC: 248.447.2005 taugustine@atwell-group.com

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