Atlas Corporation (NYSE: ATCO) is a leading global asset management company that differentiate itself by positioning as a best-in-class owner and operator. The focus is on capital deployment in order to create sustainable shareholder value. Atlas has an experienced asset management team with extensive operational and capital allocation experience. The company targets long-term, risk adjusted returns across high quality infrastructure assets in the maritime sector, energy sector and infrastructure sector. The two main portfolio companies are Seaspan Corporation and APR Energy Limited. These are unique, industry-leading operating platforms in the global maritime and energy spaces.
Seaspan is the largest independent owner and operator of containerships in the world. The company has an industry-leading, fully integrated operating platform that delivers unique and differentiated value to customers through a full life-cycle asset management approach. Seaspan has a fleet of 127 containerships, 32 vessels under construction and 4 second-hand vessels to be delivered in 2021. Their operating fleet has an average age of 7.9 years and an average remaining charter period of 3.9 years. Seaspan is well-positioned for sustainable long-term growth thanks to their resilient business model, attractive fleet, high-quality customer base, and financial strength.
APR Energy Limited is the largest mobile gas turbine fleet owner and operator in the world. The company provides power solutions to customers such as large corporations and governments. APR is the global leader in its asset class and offers a fully integrated platform where one can lease and operate its fleet. The company owns 9 power plants in 5 different countries with a ~900MW installed base. They also have ~850MW of mobile gas turbines and ~550MW of diesel generators.
Atlas Corporation as the holding company is valued around $17 a share. This means that despite the year-to-date price increase and the price increase since purchase, there is still good upside potential.
*Please visit the Atlas Corporation website for more information or click on one of the images below for their latest presentation.