Key Takeaways
- • Thompson Street Capital Partners' portfolio company ATIS acquired AuditMate, an elevator asset management software platform, to integrate technology with its inspector and consultant network serving nearly 100,000 elevator and escalator units across the U.S. and Canada.
- • ATIS manages maintenance contracts and compliance inspections for more than 15,000 customers, positioning the combined entity to deliver enhanced portfolio analytics and continuous maintenance visibility to building owners.
- • The acquisition pairs AuditMate's software capabilities with ATIS's 250+ consultants and inspectors to create a more transparent operating model in an industry characterized by opacity around elevator system maintenance and performance.
- • Thompson Street Capital Partners, a St. Louis-based private equity firm founded in 2000, managed $4.5 billion in assets as of June 30, 2026, and continues to build out its portfolio in infrastructure and facilities management.
Summary
Thompson Street Capital Partners' portfolio company ATIS has acquired AuditMate, an elevator asset management software platform, to strengthen its position in the specialized market for elevator and escalator inspection and maintenance oversight. The transaction combines ATIS's established field operations with AuditMate's technology to deliver enhanced service capabilities to building owners.
ATIS currently inspects and manages maintenance contracts for nearly 100,000 elevator and escalator units serving more than 15,000 customers across the United States and Canada. The company's core business model focuses on policing maintenance contracts—verifying that building owners receive the service they pay for and holding service providers accountable to contractual obligations. The addition of AuditMate's software platform enables ATIS to provide customers with continuous visibility into maintenance activities and comprehensive portfolio analytics.
Tom St. Geme, managing director at Thompson Street, characterized the acquisition as a strategic pairing that leverages AuditMate's technology alongside ATIS's network of over 250 consultants and inspectors to deliver differentiated outcomes for building owners. Jim Fox, ATIS's chief executive officer, emphasized that elevators remain among the more opaque systems in the built environment, and the combined offering creates a more transparent operating model through integrated software and field inspection capabilities.
Thompson Street Capital Partners, founded in 2000 and headquartered in St. Louis, managed over $4.5 billion in assets as of June 30, 2026. The firm continues to develop its portfolio in infrastructure and facilities management sectors where specialized inspection, compliance, and technology services command premium valuations.
ATIS currently inspects and manages maintenance contracts for nearly 100,000 elevator and escalator units serving more than 15,000 customers across the United States and Canada. The company's core business model focuses on policing maintenance contracts—verifying that building owners receive the service they pay for and holding service providers accountable to contractual obligations. The addition of AuditMate's software platform enables ATIS to provide customers with continuous visibility into maintenance activities and comprehensive portfolio analytics.
Tom St. Geme, managing director at Thompson Street, characterized the acquisition as a strategic pairing that leverages AuditMate's technology alongside ATIS's network of over 250 consultants and inspectors to deliver differentiated outcomes for building owners. Jim Fox, ATIS's chief executive officer, emphasized that elevators remain among the more opaque systems in the built environment, and the combined offering creates a more transparent operating model through integrated software and field inspection capabilities.
Thompson Street Capital Partners, founded in 2000 and headquartered in St. Louis, managed over $4.5 billion in assets as of June 30, 2026. The firm continues to develop its portfolio in infrastructure and facilities management sectors where specialized inspection, compliance, and technology services command premium valuations.
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