m_and_a
confidence high
sentiment positive
materiality 0.65
Acuren presentation highlights NV5 deal synergies of $20M run-rate and combined $350M Adj. EBITDA
TIC Solutions, Inc.
- 2024 revenue $1.097B, Adj. EBITDA $313M (28.5% margin), up 5% YoY.
- Combined Acuren/NV5 2024 revenue ~$2B, Adj. EBITDA ~$350M including $20M synergy.
- NV5 transaction expected to close H2 2025; committed debt financing from Jefferies.
- Asset-light model: 96% direct labor utilization, 0.12 TRIR safety record.
- Diversified end markets: industrial 40%, energy processing 35%, midstream 10%, power 10%.
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