Atlas RFID, a Birmingham, Alabama-based provider of an Auto-Identification-based materials tracking and management solution for the construction industry focused on Oil, Gas and Chemical (OG&C), Power and Mining markets, received an investment from Kayne Partners.
The amount of the transaction was not disclosed.
The company intends to use the funds to support the growth of its solutions.
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 to allow large-scale construction firms to accurately monitor the status and availability of materials for capital construction projects. The company sells its proprietary mobile material control solution to Engineering Procurement Construction companies as well as to the owners of OG&C, power and mining construction projects.