The company was founded in Greenwich, Connecticut, by Andrew Bursky and Tim Fazio in 2002.[2] It announced the acquisition of a portfolio of 23 industrial properties located in the United States for $300 million in January 2024.[1]
In April 2025, Atlas submitted a bid to acquire De La Rue in an offer that valued the company at £263 million.[3] The offer was agreed by the board of De La Rue and later completed on July 1, 2025.[4]
In September 2025, Atlas agreed to take the parent company of Office Depot and Office Max private in a deal valued at approximately $1 billion.[5] In December 2025, it was announced Atlas Holdings had completed its acquisition.[6]
In early 2026, Atlas pitched to buy UK-based construction materials supplier Brickability whose management rejected the bid saying it undervalued the business[7] – a view disputed by Atlas.[8] Discussions ended in April 2026.[9]
