Acuren closes $1.7B merger with NV5; stockholders get $23/shr cash+stock

TIC Solutions, Inc.

NV5 stockholders receive $10 cash + 1.1523 Acuren shares per NV5 share (~$23 total).
Acuren issues $875M term loans and increases revolver to $125M to finance deal.
Ben Heraud appointed President & COO; three new directors added to board.
Combined entity has over $2B revenue, 11,000+ employees, 230+ locations.
NV5 stock ceased trading on NASDAQ; Acuren continues on NYSE as TIC.

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