Skip to content
Case studyEnergyCorporate Strategy2024

Atlas Energy

Where to play and what to sell: two divisions divested, one doubled.

Result+38% core revenue

The problem

A conglomerate portfolio with no common thread and a board asking for one.

The moves

  1. 01Strategy memo
  2. 02Portfolio choices
  3. 03Board plan

The outcome

Two divestments at 9.1× EBITDA; core division revenue +38% over two years.

Result+38% core revenue
On the record
“The memo was six pages. The board read all six.”
Hugo Bremner, Chair
Case studyEnergyCorporate Strategy2024

Atlas Energy

Where to play and what to sell: two divisions divested, one doubled.

Result+38% core revenue

The problem

A conglomerate portfolio with no common thread and a board asking for one.

The moves

  1. 01Strategy memo
  2. 02Portfolio choices
  3. 03Board plan

The outcome

Two divestments at 9.1× EBITDA; core division revenue +38% over two years.

Result+38% core revenue
On the record
“The memo was six pages. The board read all six.”
Hugo Bremner, Chair
Case studyEnergyCorporate Strategy2024

Atlas Energy

Where to play and what to sell: two divisions divested, one doubled.

Result+38% core revenue

The problem

A conglomerate portfolio with no common thread and a board asking for one.

The moves

  1. 01Strategy memo
  2. 02Portfolio choices
  3. 03Board plan

The outcome

Two divestments at 9.1× EBITDA; core division revenue +38% over two years.

Result+38% core revenue
On the record
“The memo was six pages. The board read all six.”
Hugo Bremner, Chair

Start

  • Two partners on the call
  • A six-page memo in three weeks
  • Fixed fee, agreed before we start
Proposal request · Fulcrum

Request a proposal

Leave a work address. A partner replies within one working day with a time for the first call.

No newsletter. One reply, from a partner.

Start

  • Two partners on the call
  • A six-page memo in three weeks
  • Fixed fee, agreed before we start
Proposal request · Fulcrum

Request a proposal

Leave a work address. A partner replies within one working day with a time for the first call.

No newsletter. One reply, from a partner.

Start

  • Two partners on the call
  • A six-page memo in three weeks
  • Fixed fee, agreed before we start
Proposal request · Fulcrum

Request a proposal

Leave a work address. A partner replies within one working day with a time for the first call.

No newsletter. One reply, from a partner.

A business and management consulting firm. We find the one decision that moves your numbers, then help you make it.

Contact

Follow

© 2026 Fulcrum. All rights reserved.London 09:41PrivacyTerms

A business and management consulting firm. We find the one decision that moves your numbers, then help you make it.

Contact

Follow

© 2026 Fulcrum. All rights reserved.London 09:41PrivacyTerms

A business and management consulting firm. We find the one decision that moves your numbers, then help you make it.

Contact

Follow

© 2026 Fulcrum. All rights reserved.London 09:41PrivacyTerms

Create a free website with Framer, the website builder loved by startups, designers and agencies.