---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-220650"
form_type: "8-K"
ticker: "TISI"
cik: "0000318833"
company_name: "TEAM INC"
filed_at: "2022-08-15T23:59:59+00:00"
generated_at: "2026-06-24T00:07:56.633537+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-220650
- form_type: 8-K
- ticker: TISI
- cik: 0000318833
- company_name: TEAM INC
- filed_at: 2022-08-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/318833/000119312522220650/0001193125-22-220650-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/318833/000119312522220650/d291231d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-220650
- JSON: https://secwatch.observer/filing/0001193125-22-220650.json
- Plain text: https://secwatch.observer/filing/0001193125-22-220650.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.