Private equity firm Atar Capital has sold Frontier Integrity Solutions, a pipeline inspection services provider. Atar originally acquired the company from Furmanite America Inc. in December 2016. The firm purchased FIS to build a platform in the critical energy infrastructure sector, a common strategy for private equity investors seeking specialized assets.

While deal terms remain undisclosed, this exit follows Atar’s typical investment playbook. The firm focuses on corporate divestitures and restructuring opportunities, aiming to improve operations and grow businesses before selling them. Pipeline integrity services are in high demand due to aging infrastructure and strict safety regulations across North America.

The sale marks another successful transaction for Atar’s portfolio. FIS likely benefited from steady demand for inspection and maintenance work on oil and gas pipelines. For Atar, this move frees up capital for new investments. Market watchers will now look for where FIS lands next or if it faces consolidation.