Kayne Partners backs Atlas RFID

Atlas RFID announced that Kayne Partners has invested in the company to support the growth of its Auto-Identification-based materials tracking and management solution for the construction industry focused on Oil, Gas and Chemical (“OG&C”), Power and Mining markets. Kayne Partners is the growth private equity group of Kayne Anderson Capital Advisors, L.P., an approximately $29 billion alternative investment firm.

“The Jovix solution designed by Atlas RFID couples third-party hardware with its proprietary software to provide a fully integrated solution. We believe Atlas is well positioned to take advantage of the growth potential in the market and we continue to be impressed with the Atlas management team.”

Headquartered in Birmingham, Alabama, Atlas helps large-scale construction firms save time and money by accurately monitoring the status and availability of materials for capital construction projects. Founded in 2007 by Robert Fuqua (Chief Executive Officer), Atlas provides auto identification tagging and monitoring services on global projects with capital expenditures of at least $500 million.

Atlas RFID sells its proprietary mobile material control solution to Engineering Procurement Construction (“EPC”) companies as well as to the owners of OG&C, power and mining construction projects. Utilizing technologies such as GPS, RFID and barcodes (“Auto-Identification” or “Auto-ID”), Atlas digitizes and automates jobsites, providing unprecedented visibility into the complex industrial construction supply chain.