Poseidon Acquisition completed the acquisition of the remaining 32% stake in Atlas for $3.5bn.

Poseidon Acquisition, an entity formed by Fairfax Financial, a financial holding company, the Washington Family, David Sokol, Atlas Chairman, and Ocean Network Express, a Japanese container transportation and shipping company, completed the acquisition of the remaining 32% stake in Atlas, a global asset manager, for $3.5bn. "We believe this transaction with Poseidon is an exciting culmination of those efforts for our shareholders. As we look at the industry's trajectory, we believe the financial, operational and strategic flexibility we will gain as a privately held company with this group of owners and investors will position Atlas, our employees and customers for greater opportunity. This transaction is a testament to our team's unwavering commitment to customers and consistent execution. I look forward to continuing to work with David and the rest of the Atlas team as we continue our progress, including preparing for the launch of our new vessel fleet, which we expect to be fully delivered by 2024," Bing Chen, Atlas President and CEO. On September 26, 2022, the offer was raised from $1.2bn to $1.4bn. On November 1, 2022, Atlas agreed to acquisition by Poseidon Acquisition. On February 24, 2023 Atlas shareholders approve merger with Poseidon acquisition.