TIC on NYSE
TIC Solutions, Inc.
In its 2026 annual report the company says: “We are a leading provider of tech-enabled Testing, Inspection, Certification and Compliance (TICC), engineering, and geospatial services. Our services are often non-discretionary and are driven by regulatory requirements, customer risk management policies, and the need to extend the useful life of critical assets. We operate primarily in North America and serve both private and public-sector clients.”5 It is headquartered in Hollywood, United States.2
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Last updated Oct 21, 2026.
Overview
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- TickerTIC on NYSE2
- IndustryServices-Business Services, NEC2
- HeadquartersHollywood, United States2
- Incorporated inDE3
- Business address2700 Post Oak Blvd., Suite 2300, Houston, Tx 770563
- Filer categoryAccelerated filer3
- Legal formCorporation2
- LEI213800ZDFRNC8QXEZ4812
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 37787392
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We are a leading provider of tech-enabled Testing, Inspection, Certification and Compliance (TICC), engineering, and geospatial services. We provide mission-critical services that are essential to the safety, reliability, and efficiency of industrial assets, buildings, and public infrastructure. Our services are often non-discretionary and are driven by regulatory requirements, customer risk management policies, and the need to extend the useful life of critical assets. We operate primarily in North America and serve both private and public-sector clients. Our private-sector clients span industrial, infrastructure, construction, and commercial real estate end markets. Our public-sector clients include federal, state, and municipal agencies, public utilities, transportation authorities, and environmental regulators. Within industrial markets, our services address energy processing and ref…5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
29.4%Gross margin6
-1.1%Operating margin6
-5.7%Net margin6
-4.0%Return on equity6
0.73×Debt to equity6
$61.3MFree cash flow6
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Inspection and Mitigation brought in 72% of the revenue TIC Solutions, Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2025 |
|---|---|---|
| Inspection and Mitigation | $1.1B | $1.1B |
| Consulting Engineering | $0 | $300.1M |
| Geospatial | $0 | $131.3M |
Regions
United States brought in 64% of the revenue TIC Solutions, Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2025 |
|---|---|
| United States | $984.0M |
| CA [member] | $488.1M |
| Other Foreign Countries | $58.1M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue71¢$1.1B
- Selling, general and admin29¢$440.8M
- Income tax1¢$11.1M
Out of $1.5B in revenue.6 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending36¢$33.8M
- Kept or used elsewhere64¢$61.3M
Out of $95.0M of cash from operations.6
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2023-12-31 |
|---|---|---|
| Revenue | $1.5B | $1.1B |
| Cost of revenue | $1.1B | $810.5M |
| Gross profit | $449.4M | $239.5M |
| Selling, general and administrative expenses | $440.8M | |
| Transaction costs | $25.6M | |
| Income (loss) from operations | -$17.1M | |
| Interest expense, net | $87.6M | |
| Loss on extinguishment of debt | $0 | |
| Other income, net | -$6.5M | |
| Loss before income tax provision (benefit) | -$98.2M | |
| Provision (benefit) for income taxes | -$11.1M | |
| Net loss | -$87.1M | |
| Dividends | -$6.8M | |
| Undistributed Earnings (Loss) Allocated to Participating Securities, Basic | $596.0K | |
| Net loss allocated to common stockholders | -$93.3M | |
| Foreign currency translation adjustments | $46.5M | |
| Total other comprehensive income (loss) | -$40.6M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2024-07-31 |
|---|---|---|---|
| Cash and cash equivalents | $439.5M | $139.1M | |
| Accounts receivable, net | $366.3M | $212.6M | |
| Contract assets, net | $154.4M | $23.9M | |
| Prepaid expenses and other current assets | $60.8M | $18.6M | |
| Total current assets | $1.0B | $394.2M | |
| Property and equipment, net | $255.6M | $189.2M | |
| Operating lease right-of-use assets, net | $60.2M | $30.0M | |
| Goodwill | $1.6B | $845.9M | $0 |
| Intangible assets, net | $1.4B | $740.7M | |
| Deferred tax assets | $1.4M | $765.0K | |
| Other assets | $17.0M | $6.9M | |
| Total assets | $4.4B | $2.2B | |
| Accounts payable | $60.4M | $13.9M | |
| Accrued expenses and other current liabilities | $151.6M | $66.0M | |
| Contract liabilities | $47.8M | $1.6M | |
| Current portion of long-term debt | $25.5M | $7.8M | |
| Current portion of lease obligations | $33.6M | $17.0M | |
| Total current liabilities | $319.0M | $106.3M | |
| Long-term debt, net of current portion | $1.6B | $747.0M | |
| Non-current lease obligations | $66.0M | $40.8M | |
| Deferred tax liabilities | $223.0M | $150.7M | |
| Other non-current liabilities | $20.7M | $11.8M | |
| Total liabilities | $2.2B | $1.1B | |
| Series A Preferred Stock, $0.0001 par value, 1,000,000 shares issued and outstanding | $0 | $0 | |
| Common stock, $0.0001 par value, 220,485,045 and 121,476,215 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $21.0K | $12.0K | |
| Additional paid-in capital | $2.4B | $1.3B | |
| Accumulated deficit | -$194.1M | -$107.0M | |
| Accumulated other comprehensive income (loss) | $11.1M | -$35.5M | |
| Total stockholders' equity | $2.2B | $1.2B | $555.9M |
| Total liabilities and stockholders' equity | $4.4B | $2.2B | |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares issued (in shares) | 1.0M shares | 1.0M shares | |
| Preferred stock, shares outstanding (in shares) | 1.0M shares | 1.0M shares | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares issued (in shares) | 220.5M shares | 121.5M shares | |
| Common stock, shares outstanding (in shares) | 220.5M shares | 121.5M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2024-07-31 |
|---|---|---|---|
| Cash and cash equivalents | $439.5M | $139.1M | |
| Accounts receivable, net | $366.3M | $212.6M | |
| Contract assets, net | $154.4M | $23.9M | |
| Prepaid expenses and other current assets | $60.8M | $18.6M | |
| Total current assets | $1.0B | $394.2M | |
| Property and equipment, net | $255.6M | $189.2M | |
| Operating lease right-of-use assets, net | $60.2M | $30.0M | |
| Goodwill | $1.6B | $845.9M | $0 |
| Intangible assets, net | $1.4B | $740.7M | |
| Deferred tax assets | $1.4M | $765.0K | |
| Other assets | $17.0M | $6.9M | |
| Total assets | $4.4B | $2.2B | |
| Accounts payable | $60.4M | $13.9M | |
| Accrued expenses and other current liabilities | $151.6M | $66.0M | |
| Contract liabilities | $47.8M | $1.6M | |
| Current portion of long-term debt | $25.5M | $7.8M | |
| Current portion of lease obligations | $33.6M | $17.0M | |
| Total current liabilities | $319.0M | $106.3M | |
| Long-term debt, net of current portion | $1.6B | $747.0M | |
| Non-current lease obligations | $66.0M | $40.8M | |
| Deferred tax liabilities | $223.0M | $150.7M | |
| Other non-current liabilities | $20.7M | $11.8M | |
| Total liabilities | $2.2B | $1.1B | |
| Series A Preferred Stock, $0.0001 par value, 1,000,000 shares issued and outstanding | $0 | $0 | |
| Common stock, $0.0001 par value, 220,485,045 and 121,476,215 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $21.0K | $12.0K | |
| Additional paid-in capital | $2.4B | $1.3B | |
| Accumulated deficit | -$194.1M | -$107.0M | |
| Accumulated other comprehensive income (loss) | $11.1M | -$35.5M | |
| Total stockholders' equity | $2.2B | $1.2B | $555.9M |
| Total liabilities and stockholders' equity | $4.4B | $2.2B | |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares issued (in shares) | 1.0M shares | 1.0M shares | |
| Preferred stock, shares outstanding (in shares) | 1.0M shares | 1.0M shares | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares issued (in shares) | 220.5M shares | 121.5M shares | |
| Common stock, shares outstanding (in shares) | 220.5M shares | 121.5M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years (annual) or 1 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2023-12-31 |
|---|---|---|
| Net loss | -$87.1M | |
| Depreciation and amortization | $178.3M | $94.8M |
| Noncash lease expense | $16.6M | |
| Share-based compensation expense | $17.2M | |
| Amortization of deferred financing costs | $5.3M | |
| Loss on extinguishment of debt | $0 | |
| Fair value adjustments on interest rate derivatives | $0 | |
| Deferred taxes | -$33.0M | |
| Other | $2.9M | |
| Accounts receivable | $41.1M | |
| Contract assets | -$5.5M | |
| Prepaid expenses and other current assets | -$4.6M | |
| Accounts payable | -$1.4M | |
| Accrued expenses and other current liabilities | -$12.2M | |
| Operating lease obligations | -$16.0M | |
| Contract liabilities | -$1.5M | |
| Other assets and liabilities | -$5.1M | |
| Net cash provided by operating activities | $95.0M | |
| Business acquisitions, net of cash acquired | -$845.0M | |
| Purchases of property and equipment | -$33.8M | |
| Proceeds from sale of property and equipment | $4.7M | |
| Net cash used in investing activities | -$874.1M | |
| Proceeds from long-term borrowings | $875.0M | |
| Payments on long-term borrowings | -$12.1M | |
| Payments of debt issuance costs | -$24.3M | |
| Payments on finance lease obligations and other long-term debt | -$13.3M | |
| Dividends paid to stockholder | $0 | |
| Proceeds from issuance of common shares and exercise of warrants, net of issuance costs | $250.5M | |
| Net cash provided by (used in) financing activities | $1.1B | |
| Net effect of exchange rate fluctuations on cash and cash equivalents | $3.7M | |
| Net change in cash and cash equivalents | $300.4M | |
| Interest paid | $80.8M | |
| Income taxes paid | $27.8M | |
| Equity consideration issued for business combinations | $798.0M | |
| Purchase of property and equipment accrued and not yet paid | $6.5M | |
| Notes payable and other obligations issued for acquisitions | $6.7M | |
| Settlement of derivative liability | $0 | |
| Operating leases | $44.9M | |
| Finance leases | $21.5M |
| Period ending | 2024-09-30 |
|---|---|
| Net loss | -$105.5M |
| Depreciation and amortization | $47.3M |
| Noncash lease expense | $3.7M |
| Share-based compensation expense | $64.6M |
| Amortization of deferred financing costs | $1.4M |
| Loss on extinguishment of debt | $0 |
| Fair value adjustments on interest rate derivatives | $0 |
| Deferred taxes | -$14.0M |
| Other | $2.2M |
| Accounts receivable | $18.4M |
| Contract assets | $9.4M |
| Prepaid expenses and other current assets | -$9.4M |
| Accounts payable | -$4.5M |
| Accrued expenses and other current liabilities | -$7.9M |
| Operating lease obligations | -$3.4M |
| Contract liabilities | $17.0K |
| Other assets and liabilities | $273.0K |
| Net cash provided by operating activities | $2.6M |
| Business acquisitions, net of cash acquired | -$1.8B |
| Purchases of property and equipment | -$13.2M |
| Proceeds from sale of property and equipment | $776.0K |
| Net cash used in investing activities | -$1.8B |
| Proceeds from long-term borrowings | $775.0M |
| Payments on long-term borrowings | -$1.9M |
| Payments of debt issuance costs | -$21.4M |
| Payments on finance lease obligations and other long-term debt | -$4.0M |
| Dividends paid to stockholder | $0 |
| Proceeds from issuance of common shares and exercise of warrants, net of issuance costs | $666.6M |
| Net cash provided by (used in) financing activities | $1.4B |
| Net effect of exchange rate fluctuations on cash and cash equivalents | -$123.0K |
| Net change in cash and cash equivalents | -$417.8M |
Corporate structure
TIC Solutions, Inc. sits at the top of its group. 86 entities, 15 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of TIC Solutions, Inc.
- Gates Capital Management Filed SCHEDULE 13G/A on TIC Solutions, Inc., latest Aug 14, 2026 (6 filings since Feb 14, 2025)
- VIKING GLOBAL INVESTORS LP Filed SCHEDULE 13G/A on TIC Solutions, Inc., latest May 15, 2026 (2 filings since May 15, 2025)
- Permian Investment Partners, LP Filed SCHEDULE 13G/A on TIC Solutions, Inc., latest Apr 7, 2026 (3 filings since May 15, 2025)
- Alyeska Investment Group, L.P. Filed SCHEDULE 13G on TIC Solutions, Inc., latest Feb 17, 2026
- Progeny 3, Inc. Filed SCHEDULE 13G/A on TIC Solutions, Inc., latest Feb 9, 2026 (2 filings since May 9, 2025)
- FRANKLIN MARTIN E Filed SCHEDULE 13D/A on TIC Solutions, Inc., latest Jan 2, 2026 (4 filings since Feb 14, 2025)
- BlackRock Filed SCHEDULE 13G on TIC Solutions, Inc., latest Jul 17, 2025
- TIC Solutions, Inc. Hollywood, Florida, United States
- 2471981 Alberta Ltd. Subsidiary · Alberta, Canada
- A1 Asia Limited Subsidiary · Hong Kong
- A1 International Limited Subsidiary · Hong Kong
- Acuren Delaware Holdco, Inc. Subsidiary · Delaware, United States
- Acuren Group Inc. Subsidiary · Alberta, Canada
- Acuren Holdings, Inc. Subsidiary · Delaware, United States
- Acuren Inc. Subsidiary · New Brunswick, Canada
- Acuren Industrial Holdings Inc. Subsidiary · Alberta, Canada
- Acuren Inspection, Inc. Subsidiary · Delaware, United States
- Acuren Intermediate Holdings, Inc. Subsidiary · Delaware, United States
- Acuren USA, Inc. Subsidiary · Delaware, United States
- Acuren Wind Canada Inc. Subsidiary · Quebec, Canada
- Aero-Metric Holdings Corp Subsidiary · Indiana, United States
- Applied Inspection Ltd. Subsidiary · United Kingdom
- Axim Geospatial, LLC Subsidiary · Delaware, United States
- BakosNDT Ltd. Subsidiary · Alberta, Canada
- Bock and Clark Corporation Subsidiary · Delaware, United States
- Cambridge Materials Testing Ltd. Subsidiary · Ontario, Canada
- Century Inspection, Inc. Subsidiary · Delaware, United States
- Columbia Engineering and Services, Inc. Subsidiary · Delaware, United States
- Construction & Turnaround Specialist, Inc. Subsidiary · Delaware, United States
- Continental Mapping Acquisition Corp. Subsidiary · Delaware, United States
- Dade Moeller and Associates, Inc. Subsidiary · North Carolina, United States
- Echo NDE Inc. Subsidiary · Alberta, Canada
- Echo NDE USA, Inc. Subsidiary · Delaware, United States
- and 60 more
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What TIC Solutions, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $343.7M6 Dec 31, 2025 | $211.1M6 Dec 31, 2024 | +62.8% |
| Accumulated depreciation | $88.1M6 Dec 31, 2025 | $21.9M6 Dec 31, 2024 | +302.0% |
| Property and equipment, net | $255.6M6 Dec 31, 2025 | $189.2M6 Dec 31, 2024 | +35.1% |
| Finance-lease assets | $38.5M6 Dec 31, 2025 | $28.5M6 Dec 31, 2024 | +34.9% |
| Operating-lease assets (leased space) | $60.2M6 Dec 31, 2025 | $30.0M6 Dec 31, 2024 | +100.7% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $439.5M6 Dec 31, 2025 | $139.1M6 Dec 31, 2024 | +215.9% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $1.6B6 Dec 31, 2025 | $845.9M6 Dec 31, 2024 | +95.0% |
| Intangible assets, net (excluding goodwill) | $1.4B6 Dec 31, 2025 | $740.7M6 Dec 31, 2024 | +87.9% |
| Finite-lived intangibles, gross | $1.5B6 Dec 31, 2025 | $762.1M6 Dec 31, 2024 | +99.2% |
| Accumulated amortization | $126.6M6 Dec 31, 2025 | $21.4M6 Dec 31, 2024 | +490.6% |
| Finite-lived intangibles, net | $1.4B6 Dec 31, 2025 | $740.7M6 Dec 31, 2024 | +87.9% |
Properties, in its own words
We lease our corporate headquarters in Hollywood, Florida, and we own and lease other facilities throughout the United States, Canada, Europe, Asia, and the Middle East where we conduct business. Our facilities include offices, warehouses, storage, maintenance shops, engineering labs and training and educational facilities. We believe that our existing facilities are sufficient for our current needs.
Item 2 of the 10-K filed Mar 12, 2026.5
Leadership
Who has led TIC Solutions, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerBenjamin Heraud Apr 30, 2026 to now9
- Chief executive officerTalman Pizzey Feb 14, 2025 to Apr 30, 202610
- PresidentBenjamin Heraud Aug 6, 2025 to now11
- Chief financial officerKristin B. Schultes Feb 14, 2025 to now12
- Chief operating officerBenjamin Heraud Aug 6, 2025 to now11
Board members and other officers (18)
- VP & Chief Accounting OfficerLeslie Warren Aug 13, 2026 to now13
- Chief Accounting OfficerGregory F. Conaway Feb 14, 2025 to now14
- Chief Human Resources OfficerJohn Lourinda St. Feb 14, 2025 to now15
- CHIEF HUMAN RESOURCES OFFICERAnthony Gaucher Apr 15, 2025 to now16
- Chief Human Resources OfficerMaryjo O'Brien Aug 15, 2025 to now17
- Board memberAntoinette Cook Bush Feb 14, 2025 to now18
- Board memberElizabeth Meloy Feb 14, 2025 to now19
- Board memberJames E. Lillie Feb 14, 2025 to now20
- Board memberMartin E. Franklin Feb 14, 2025 to now21
- Board memberPeter A. Hochfelder Feb 14, 2025 to now22
- Board memberRory Cullinan Feb 14, 2025 to now23
- Board memberTalman Pizzey Apr 15, 2025 to now24
- Board memberBenjamin Heraud Aug 6, 2025 to now11
- Board memberByron Roth Aug 6, 2025 to now25
- Board memberDickerson Wright Aug 6, 2025 to now26
- General counselJennifer N. Phan Jun 16, 2026 to now27
- General counselFiona Sutherland Feb 14, 2025 to now28
- General counselRichard Tong Aug 15, 2025 to now29
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- 2471981 Alberta Ltd. Alberta4
- A1 Asia Limited Hong Kong4
- A1 International Limited Hong Kong4
- Acuren Delaware Holdco, Inc. Delaware4
- Acuren Group Inc. Alberta4
- Acuren Holdings, Inc. Delaware4
- Acuren Inc. New Brunswick4
- Acuren Industrial Holdings Inc. Alberta4
- Acuren Inspection, Inc. Delaware4
- Acuren Intermediate Holdings, Inc. Delaware4
- Acuren USA, Inc. Delaware4
- Acuren Wind Canada Inc. Quebec4
- Aero-Metric Holdings Corp Indiana4
- Applied Inspection Ltd. United Kingdom4
- Axim Geospatial, LLC Delaware4
- BakosNDT Ltd. Alberta4
- Bock and Clark Corporation Delaware4
- Cambridge Materials Testing Ltd. Ontario4
- Century Inspection, Inc. Delaware4
- Columbia Engineering and Services, Inc. Delaware4
- Construction & Turnaround Specialist, Inc. Delaware4
- Continental Mapping Acquisition Corp. Delaware4
- Dade Moeller and Associates, Inc. North Carolina4
- Echo NDE Inc. Alberta4
All 91 listed subsidiaries
- Echo NDE USA, Inc. Delaware4
- Eclipse Scientific Products Inc. Ontario4
- Energenz Consulting Limited Hong Kong4
- Energenz, LLC Delaware4
- Geodynamics, LLC North Carolina4
- Geographic Information Services, Inc. Alabama4
- Geospatial Holding GmbH Germany4
- Geospatial Holdings, Inc. Delaware4
- Group Delta Consultants, Inc. California4
- Hanna Engineering, Inc. California4
- Industrial Design Associates International Pte. Ltd. Singapore4
- J.B.A. Consulting Engineers, Inc. Nevada4
- Marine Taxonomic Services, Ltd. Oregon4
- NV5 Consultants India Private Limited India4
- NV5 Consultants Limited Hong Kong4
- NV5 Consultants, Inc. Massachusetts4
- NV5 Consulting Limited Macau4
- NV5 Engineering Private Limited India4
- NV5 Engineers and Consultants, Inc. North Carolina4
- NV5 Environmental, Inc. California4
- NV5 Environmental, L.P. California4
- NV5 Geospatial Solutions B.V. Netherlands4
- NV5 Geospatial Solutions France SARL France4
- NV5 Geospatial Solutions GmbH Gilching, Germany4
- NV5 Geospatial Solutions Italia S.r.l. Italy4
- NV5 Geospatial Solutions K.K. Japan4
- NV5 Geospatial Solutions UK Limited England and Wales4
- NV5 Geospatial Solutions, Inc. Colorado4
- NV5 Geospatial, Inc. Wisconsin4
- NV5 Global, Inc. Delaware4
- NV5 Holdings, LLC Delaware4
- NV5 International Limited Hong Kong4
- NV5 LNG Engineering Services, Inc. New Hampshire4
- NV5 Limited Hong Kong4
- NV5 Macau Limited Macau4
- NV5 Malaysia SDN BHD Malaysia4
- NV5 New York-Engineers, Architects, Landscape Architects and Surveyors New York4
- NV5 Philippines Corp. Philippines4
- NV5 Planning & Design, Inc. Massachusetts4
- NV5 Private Limited Singapore4
- NV5, Inc. New Jersey4
- NV5, LLC North Carolina4
- NV5-Architecture, P.C. New Jersey4
- NV5-Connecticut, LLC Connecticut4
- Nextgen Task Inspection Inc. Alberta4
- Optimal Energy, LLC Delaware4
- Perunding NV5 SDN BHD Malaysia4
- Pro Inspection, Inc. Delaware4
- Quantum Spatial Canada, Inc. Canada4
- RDK Engineer P.C. New York4
- RDK Engineers N.C., Inc. North Carolina4
- Red Technologies (S) Pte. Ltd. Singapore4
- Redgroup (M) Sdn. Bhd. Malaysia4
- Rockwood Canada Holdings Ltd. Nova Scotia4
- Rockwood Canada Inc. Alberta4
- Rockwood Canada Shared Services Inc. Alberta4
- Rockwood Service Corporation Delaware4
- S.A. Bricks, Inc. South Korea4
- Skycrest Services Inc. Canada4
- Skycrest Services US Inc. New York4
- Southport Engineering Associates, Inc. Connecticut4
- Streamline Inspection, Ltd. Alberta4
- TEI Analytical Services, Inc. Delaware4
- TSG Solutions, Inc. Delaware4
- Tacten Industrial Inc. Nova Scotia4
- The LKR Group, Inc. California4
- Triquest Nondestructive Testing Corp. Alberta4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- ACUREN CORPAug 12, 2024 to Oct 7, 20253
Timeline
- Aug 6, 20268-K Results of operations30
- Jul 1, 20268-K Shareholder vote31
- Jun 5, 20268-K Entered a material agreement; New debt or obligation32
- May 6, 20268-K Results of operations33
- Apr 30, 2026New chief executive Benjamin Heraud becomes CEO9
- Mar 12, 20268-K Results of operations; Executive or director change34
- Mar 12, 20268-K Financial statements and exhibits35
- Jan 2, 20268-K Other events36
- Nov 12, 20258-K Results of operations; Regulation FD disclosure37
- Oct 7, 20258-K Entered a material agreement; Unregistered sale of shares; Bylaws or fiscal year changed38
- Sep 30, 20258-K Regulation FD disclosure39
- Aug 14, 20258-K Results of operations; Executive or director change; Regulation FD disclosure40
- Aug 4, 20258-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation41
- Feb 14, 2025New chief executive Talman Pizzey becomes CEO10
- Dec 16, 2024Founded TIC Solutions, Inc. is founded2
Calendar
Coming up
- Nov 11, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.08) a share, on Nov 12, 2025.42
When it reported results
- Aug 6, 2026Reported quarterly or annual results30
- May 6, 2026Reported quarterly or annual results33
- Mar 12, 2026Reported quarterly or annual results34
- Nov 12, 2025Reported quarterly or annual results37
- Aug 14, 2025Reported quarterly or annual results40
- May 15, 2025Reported quarterly or annual results43
- Mar 27, 2025Reported quarterly or annual results44
- Dec 20, 2024Reported quarterly or annual results45
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
178 filings to the SEC since October 2021: 3 annual reports, 5 quarterly reports, 23 major events, 67 insider forms, 19 large holders, 61 other. The latest 20:
- Oct 2, 20264 EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 13, 20263 EDGAR
- Aug 6, 202610-Q EDGAR
- Aug 6, 20268-K EDGAR
- Aug 4, 20264 EDGAR
- Aug 4, 20264 EDGAR
- Aug 4, 20264 EDGAR
- Aug 4, 20264 EDGAR
- Aug 4, 20264 EDGAR
- Aug 4, 20264 EDGAR
- Aug 4, 20264 EDGAR
- Jul 2, 20264 OWNERSHIP DOCUMENT EDGAR
- Jul 2, 20264 OWNERSHIP DOCUMENT EDGAR
- Jul 2, 20264 OWNERSHIP DOCUMENT EDGAR
- Jul 2, 20264 OWNERSHIP DOCUMENT EDGAR
- Jul 2, 20264 OWNERSHIP DOCUMENT EDGAR
- Jul 2, 20264 OWNERSHIP DOCUMENT EDGAR
- Jul 2, 20264 OWNERSHIP DOCUMENT EDGAR
- Jul 2, 20264 OWNERSHIP DOCUMENT EDGAR
The 178 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Nov 18, 2025 | Tong RichardGeneral Counsel | Sale | 52,467 | $9.58 | $502.6K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Gates Capital ManagementSCHEDULE 13G/A, 6 filings Feb 14, 2025 to Aug 14, 202646
- VIKING GLOBAL INVESTORS LPSCHEDULE 13G/A, 2 filings May 15, 2025 to May 15, 202647
- Permian Investment Partners, LPSCHEDULE 13G/A, 3 filings May 15, 2025 to Apr 7, 202648
- Alyeska Investment Group, L.P.SCHEDULE 13G, 1 filing Feb 17, 202649
- Progeny 3, Inc.SCHEDULE 13G/A, 2 filings May 9, 2025 to Feb 9, 202650
- FRANKLIN MARTIN ESCHEDULE 13D/A, 4 filings Feb 14, 2025 to Jan 2, 202651
- BlackRockSCHEDULE 13G, 1 filing Jul 17, 202552
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Talman Pizzey | 61 | $708.7K | $2.7M53 |
| 2025 | Kristin Schultes | 46 | $453.8K | $2.4M53 |
| 2025 | Fiona Sutherland | $254.9K | $1.4M53 | |
| 2025 | Benjamin Heraud | 44 | $232.7K | $986.2K53 |
| 2025 | Richard Tong | $181.9K | $917.8K53 | |
| 2025 | Greg Conaway | $129.1K | $301.8K53 | |
| 2025 | MaryJo O’Brien | 63 | $139.6K | $140.7K53 |
| 2024 | Former ChiefExecutive Officer | $599.1K | $3.2M53 | |
| 2024 | Former General Counsel | $274.0K | $953.6K53 | |
| 2024 | Chief Financial Officer | $243.2K | $903.2K53 | |
| 2023 | Former General Counsel | $211.5K | $1.3M53 | |
| 2023 | Former ChiefExecutive Officer | $533.6K | $1.2M53 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Viking Global Investors LP | 35,824,562 | $289.8M | 0.8% | No change |
| Permian Investment Partners, LP | 21,310,094 | $172.4M | 19.6% | −635,000 |
| Gates Capital Management, Inc. | 19,501,621 | $157.8M | 5.2% | −2,348,379 |
| Alyeska Investment Group, L.P. | 18,604,954 | $150.5M | 0.4% | −157,834 |
| Progeny 3, Inc. | 15,562,990 | $125.9M | 6.5% | +239,885 |
| Vanguard Capital Management LLC | 8,246,458 | $66.7M | 0.0% | +39,840 |
| Jefferies Financial Group Inc. | 5,000,000 | $40.5M | 0.4% | No change |
| Point72 Asset Management, L.P. | 4,814,719 | $39.0M | 0.1% | New |
| Geode Capital Management, LLC | 4,650,345 | $37.6M | 0.0% | +163,531 |
| State Street Corp | 4,262,899 | $34.5M | 0.0% | +2,216 |
| Dimensional Fund Advisors LP | 4,218,248 | $34.1M | 0.0% | +644,802 |
| Clearline Capital LP | 3,915,001 | $31.7M | 2.0% | −311,396 |
| Long Focus Capital Management, LLC | 3,863,677 | $31.3M | 1.3% | −237,535 |
| Reaves W H & Co Inc | 3,145,735 | $25.4M | 0.4% | +69,565 |
| Swedbank AB | 2,526,000 | $20.4M | 0.0% | −1,854,000 |
| ADW Capital Management, LLC | 2,000,000 | $16.2M | 5.9% | +896,200 |
| Goldman Sachs Group Inc | 1,978,044 | $16.0M | 0.0% | +510,928 |
| Charles Schwab Investment Management Inc | 1,933,126 | $15.6M | 0.0% | +145,217 |
| Bank Of America Corp /de/ | 1,684,971 | $13.6M | 0.0% | +1,017,448 |
| Northern Trust Corp | 1,620,323 | $13.1M | 0.0% | +11,567 |
| Nuveen, LLC | 1,547,632 | $12.5M | 0.0% | +1,205,015 |
| Vanguard Portfolio Management LLC | 1,390,054 | $11.2M | 0.0% | +47,845 |
| Vanguard Fiduciary Trust Co | 1,206,422 | $9.8M | 0.0% | −4,141 |
| Aqr Capital Management LLC | 1,169,031 | $9.5M | 0.0% | +922,156 |
| NewEdge Wealth, LLC | 992,629 | $8.0M | 0.1% | −46,924 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How TIC Solutions, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARTIC Solutions, Inc.1
- CIK0002032966
- Employer ID (EIN)66-10768675
- Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inDelaware5
- Fiscal year endsDecember 311
- Industry code (SIC)7389 Services-Business Services, NEC1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address2700 Post Oak Blvd., Suite 2300, Houston, TX 770561
- Phone281-822-25551
- Shares outstanding218,220,356 as of Jul 31, 20268
- Public float$583.2M as of Jun 30, 20255
- AuditorPricewaterhouseCoopers LLP, New York, New York PCAOB ID 238; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceAug 12, 20241
- Filings178 in all: 4 (43), 8-K (23), 3 (22), 424B3 (15), SCHEDULE 13G/A (8), SCHEDULE 13G (7), EFFECT (6), 10-Q (5)1
All 32 form types
425 (5), CORRESP (4), UPLOAD (4), POS AM (3), S-4/A (3), S-8 (3), SCHEDULE 13D/A (3), 10-K (2), 4/A (2), 8-A12B (2), CERT (2), DEFA14A (2), DRS (2), S-4 (2), 10-K/A (1), 144 (1), 25 (1), ARS (1), DEF 14A (1), DRSLTR (1), POS EX (1), S-1 (1), S-3 (1), SCHEDULE 13D (1)
- Latest filingsAnnual report (10-K) Mar 12, 2026
Quarterly report (10-Q) Aug 6, 2026
Proxy statement (DEF 14A) May 21, 2026
Latest 8-K (8-K) Aug 6, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.0001 per share | TIC | New York Stock Exchange |
From the cover page of the 10-K filed Mar 12, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks TIC Solutions, Inc. names in Item 1A of its 10-K filed Mar 12, 2026: 63 risks under these headings, as written.5
- Risks Related to Our Business and Industry
- Risks Related to Government Contracting
- Risks Related to Regulation
- Risks Related to our Finances and Indebtedness
- Risks Related to our Common Stock
- Our revenues are heavily dependent on certain industries.
- Demand for our services is related to global oil and gas supply, economic downturns and other factors which impact our clients’ current and future spending levels.
- We operate in competitive markets, and if we are unable to compete successfully, we could lose market share and revenues and our margins could decline.
- The success of our businesses depends, in part, on our ability to adopt new TICC, asset integrity, and engineering solutions, increase the functionality of our current offerings, expand into adjacent and developing service categories and meet the needs and demands of our customers.
- Our ongoing investments in new client markets involve significant risks, could disrupt our current operations, and may not produce the long-term benefits that we expect.
- State and other public employee unions, including as a result of our unionized workforce, could adversely affect our operations.
- No assurances can be made that we will be successful in hiring or retaining members of a skilled technical workforce.
The other 56 risks
- Many of the sites at which our employees work are inherently dangerous workplaces. If we fail to maintain a safe work environment, we may incur losses and lose business.
- No assurances can be made that we will be successful in maintaining or renewing our contracts with our clients.
- Earnings for future periods may be impacted by impairment charges for goodwill and intangible assets.
- The loss or unavailability of any of our executive officers or other key personnel could have a material adverse effect on our business.
- Our current directors may allocate their time to other businesses, leading to potential conflicts of interest in their determination as to how much time to allocate to our affairs.
- Our business strategy includes acquiring companies and making investments that complement our existing businesses or expand into adjacent industries. These acquisitions and investments could be unsuccessful or consume significant resources, which could adversely affect our operating results.
- We may be unable to integrate the business of NV5 successfully or realize the anticipated benefits of the acquisition. We may also be the subject of litigation as a result of the NV5 acquisition.
- We may experience inflationary pressures in our operating costs and cost overruns on our projects and services.
- If we fail to complete a project in a timely manner, miss a required performance standard, or otherwise fail to adequately perform on a project, then we may incur a loss on that project, which may reduce or eliminate our overall profitability.
- Failure of our sub-consultants to satisfy their obligations to us or other parties, or the inability to maintain these relationships, may adversely impact our business operations and financial results.
- Employee, agent or partner misconduct or our overall failure to comply with laws or regulations may adversely impact our reputation and financial results as well as subject us to criminal and civil enforcement actions.
- We are and may become subject to periodic litigation which may adversely affect our business and financial performance.
- Our insurance coverage will not fully indemnify us against certain claims or losses. Further, our insurance has limits and exclusions and not all losses or claims are insured.
- If our clients delay in paying or fail to pay amounts owed to us, our business operations and financial results may be adversely impacted.
- Our profitability could suffer if we are not able to maintain adequate utilization of our workforce.
- Our failure to win new contracts and renew existing contracts with private and public sector clients may adversely affect our business operations and financial results.
- Losses under lump-sum contracts may adversely impact our business operations and financial results.
- Hedging against interest rate exposure may adversely affect our earnings, limit our gains or result in losses.
- Growing use of artificial intelligence (“AI”) in our business has challenges that, if not properly managed could result in harm to our brand, reputation, business or customers, and adversely affect our results of operations.
- Currency translation risks may have a material impact on our results of operations.
- Our business activities may require our employees to travel to and work in countries where there are high security risks, which may result in employee death or injury, repatriation costs or other unforeseen costs.
- If our reports and opinions are not in compliance with professional standards and other regulations, we could be subject to monetary damages and penalties.
- Interruptions in the proper functioning of our information systems, including in the event of a cybersecurity incident, we could experience operational interruptions, incur substantial additional costs, become subject to legal or regulatory proceedings or suffer damage to our reputation.
- Our business depends upon the maintenance of our proprietary technologies and information.
- Events such as natural disasters, industrial accidents, epidemics, pandemics, war and acts of terrorism, and adverse weather conditions could disrupt our business or the business of our customers, which could significantly harm our operations, financial results and cash flow.
- We derive a portion of our gross revenues from public and quasi-public governmental agencies, and any disruption in government funding or in our relationship with these agencies could adversely affect our business.
- Our inability to win or renew government contracts during regulated procurement processes or preferences granted to certain bidders for which we would not qualify could harm our operations and significantly reduce or eliminate our profits.
- A delay in the completion of the budget process of the U.S. and state governments could delay procurement of our services and have a material adverse effect on our future revenue.
- As a government contractor, we must comply with various procurement laws and regulations and are subject to regular government audits. A violation of any of these laws and regulations or the failure to pass a government audit could result in sanctions, contract termination, forfeiture of profit, harm to our reputation or loss of our status as an eligible government contractor and could reduce our profits and revenue.
- Our revenue and growth prospects may be harmed if we or our employees are unable to obtain government granted eligibility or other qualifications both we and our employees need to perform services for our customers.
- Our failure to comply with the requirements and regulations of the International Traffic and Arms Regulation (“ITAR”), Export Administration Regulations (“EAR”), and trade sanctions against embargoed countries could have a material effect on our financial condition and results of operations.
- We are, and may become, subject to periodic regulatory proceedings, including U.S. Fair Labor Standards Act (“FLSA”) and state wage and hour class action lawsuits, which may adversely affect our business and financial performance.
- Changes in resource management or infrastructure industry laws, regulations, and programs could directly or indirectly reduce the demand for our services which could in turn negatively impact our revenues.
- Demand for our businesses can be materially affected by governmental regulation.
- Our failure to comply with the regulations of the Occupational Safety and Health Administration (“OSHA”), and other state and local agencies that oversee safety and transportation compliance could reduce our revenue, profitability and liquidity.
- Unsatisfactory safety performance may subject us to penalties, affect customer relationships, result in higher operating costs, negatively impact employee morale and result in higher employee turnover.
- We are subject to many laws and regulations in the jurisdictions in which we operate, and changes to such laws and regulations may result in additional costs and impact our operations.
- If our intellectual property rights are unenforceable or become obsolete, or if new intellectual property rights held by a third party become the only or preferred way to perform services we offer, our competitive position could be adversely impacted.
- Our operations and properties are subject to extensive environmental, health and safety regulations.
- We are subject to privacy and data security/protection laws in the jurisdictions in which we operate and may be exposed to substantial costs and liabilities associated with such laws and regulations.
- The terms of our indebtedness may limit our ability to borrow additional funds or capitalize on business opportunities. In addition, our debt level may limit our future financial and operating flexibility.
- We maintain the Credit Facility with a syndicate of financial institutions which include certain covenants and limitations on our operations.
- We may incur substantial additional indebtedness, which could further exacerbate the risks that we may face going forward.
- Our financial results are based, in part, upon estimates and assumptions that may differ from actual results. In addition, changes in accounting principles may cause unexpected fluctuations in our reported financial information.
- If we fail to establish and maintain an effective system of internal controls, we may not be able to report our financial results accurately and timely, which could harm our business and adversely affect the value of our business.
- We identified material weaknesses in our internal control over financial reporting. If we are unable to remediate these material weaknesses, or if we identify additional material weaknesses in the future or otherwise fail to maintain an effective system of internal controls, we may not be able to accurately or timely report our financial condition or results of operations, which may adversely affect our business and stock price.
- The market price of our common stock may experience volatility.
- We may be required to issue additional shares of common stock pursuant to the terms of the Series A Preferred Stock which would dilute the holdings of investors.
- We do not currently intend to pay dividends on our common stock, consequently, your ability to achieve a return on your investment will depend on capital appreciation.
- You may not be able to realize returns on your investment in our securities within a period that you would consider to be reasonable.
- We may issue additional series of preferred stock in the future, and the terms of such preferred stock may reduce the value of our existing securities.
- We will be required to issue additional shares of common stock upon the exercise of the Public Warrants and the Pre-Funded Warrant, which may dilute your interests in our common stock.
- Risks Related to Taxation
- Changes in tax law and practice may reduce any net returns for investors.
- Our non-U.S. stockholders may be subject to withholding taxes on distributions.
- We are treated as a U.S. corporation for U.S. tax purposes and will generally be taxable on our worldwide income.
- There can be no assurance that we will be able to make returns for shareholders in a tax-efficient manner.
Legal proceedings
From time to time, we are subject to certain claims and lawsuits arising in the normal course of business. We maintain various insurance coverages to minimize financial risk associated with these claims. We have estimated and provided accruals for probable losses associated with certain litigation in our consolidated financial statements. While we cannot predict the outcome of these proceedings, we believe any liability arising from these matters individually and in the aggregate will not have a material effect on our operating results, cash flows or consolidated financial condition, after giving effect to provisions already recorded.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 11SEC EDGARBenjamin Heraud, President
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- 18SEC EDGARAntoinette Cook Bush, Board member
- 19SEC EDGARElizabeth Meloy, Board member
- 20SEC EDGARJames E. Lillie, Board member
- 21SEC EDGARMartin E. Franklin, Board member
- 22SEC EDGARPeter A. Hochfelder, Board member
- 23SEC EDGARRory Cullinan, Board member
- 24SEC EDGARTalman Pizzey, Board member
- 25SEC EDGARByron Roth, Board member
- 26SEC EDGARDickerson Wright, Board member
- 27SEC EDGARJennifer N. Phan, General counsel
- 28SEC EDGARFiona Sutherland, General counsel
- 29SEC EDGARRichard Tong, General counsel
- 30SEC EDGARResults of operations
- 31SEC EDGARShareholder vote
- 32
- 33SEC EDGARResults of operations
- 34
- 35SEC EDGARFinancial statements and exhibits
- 36SEC EDGAROther events
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- 39SEC EDGARRegulation FD disclosure
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- 42NasdaqNasdaq calendar
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