Team sells Quest Integrity segment to Baker Hughes for $280M cash

TEAM INC

Agreement to sell Quest Integrity (advanced inspection & reliability) to Baker Hughes for $280M cash, subject to customary closing adjustments.
Transaction expected to close in Q4 2022, pending HSR and Saudi Arabia antitrust approvals and other conditions.
Proceeds will be used for substantial debt paydown and to strengthen liquidity, as part of a strategic refocus.
Quest Integrity generated ~$80M revenue in 2021 and ~$59M in first half of 2022.
Remaining core Inspection & Heat Treating and Mechanical Services represented over 87% of consolidated revenue through June 2022.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.