The Atlas Corporation is an American investment firm that was formed in 1928.
History
Atlas corporation was formed in 1928, in a merger of the United Corporation, an investment firm started in 1923 with $40,000, with Atlas Utilities and Investors Ltd. The corporation specialized in capital formation and management. In 1929, Atlas was a $12,550,000 investment trust.[1] The company was able to shrewdly weather the Wall Street crash of 1929, and continue to grow through the 1930s and 1940s. The corporation was founded by Floyd Odlum and his brother-in-law Boyd Hatch.
With Floyd Odlum as president and Boyd Hatch as vice-president, Atlas invested, managed or controlled numerous industries, including Greyhound Lines, Bonwit Teller (acquired 1934) and Franklin Simon & Co. (acquired 1936) ladies' apparel stores, Madison Square Garden, and various mines, utility companies, aviation related businesses, and banks.[2][3][4]
References
- "Odlum Makes a Deal", Time, April 1, 1940. Retrieved September 1, 2008.^
- Hatch's Camp retrieved June 3, 2021^
- "Odlum's Busy Week". Time.