Atlas Engineered Products Ltd. (TSXV:AEP)

Industrial

Atlas Engineered Products Ltd. is a Canadian manufacturer and supplier of industrial products to the construction industry. The company is involved in designing, manufacturing, marketing and distributing trusses and engineered wood items.

Atlas Engineered Products Ltd. was formed in October 1984 and became a public corporation in November 2017. The truss provider is listed on the premier TSX Venture Exchange where its ordinary shares trade under the stock quote AEP. The firm is also listed on the Over-the-Counter markets under the trading symbol APEUF in the United States.

The Nanaimo-based company offers a full suite of trusses and wooden products, which includes:

• Floor trusses

• Roof trusses

• Wall panels

• Floor panels

• Roof system

• Floor joists

• Other products -- i-joists, laminated beams, architectural glulam, etc.

The company also sells a wide range of engineered wood items and patio doors to builders who are engaged in the construction of wooden-framed properties for commercial and residential purposes, specifically, Vancouver Island-based customers.

In addition, it also provides construction-related services, including:

• Design, engineering and permitting services

• Project management and site assembly services

Atlas follows a growth-oriented approach wherein it focuses on strategic acquisition, integration and upgrading established and profitable truss businesses to better service regional construction markets. The company aims to strengthen the financial health and operational performance of the acquired firms – mostly small or medium-sized ones.

It implements standard business practices, cost efficiency, extended products and sales outreach. Since its inception on the TSXV, Atlas Engineered Products acquired six truss firms to expand its operations across Canada.

Atlas Building Systems in Nanaimo

Clinton Building Components in Clinton

Satellite Building Components in Merrickville

Pacer Building Components in Ilderton

South Central Building Systems in Carman

Novum Building Components in Abbotsford

The company is focused on the acquisition strategy to expand its cash-flowing portfolio of truss firms. It earns revenue growth significantly by selling trusses, wall panels, windows and enhanced wood products.

The company is also working on extending its product offerings. It is even planning to develop, manufacture and commercialize new complementary product lines, like engineered floor trusses and modular systems through its manufacturing facilities.

Its client base comprises single-family home builders; multifamily, high-rise and subdivision developers; commercial and industrial developers; and lumber and specialty building yards. It aims to build a regional network of loyal customers and serve them with quality products.