TIC Solutions, Inc. (TIC): M&A transaction — 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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Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TIC Solutions, Inc. incurred term loan of $875 million with Jefferies Finance LLC maturing July 30, 2031.

Instrument: term loan
Principal: $875 million
Counterparty: Jefferies Finance LLC
Maturity: July 30, 2031
Event: incurrence

Exact text from the filing

The Second Amendment amended the Credit Agreement to (i) include new term loans in an aggregate principal amount of $875 million (the “Amendment No. 2 Term Loans")

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

TIC Solutions, Inc. completed an acquisition involving NV5 Global, Inc. for 1.1523 shares of Acuren Common Stock and cash in the amount of $10.00 (closed 2025-08-04).

Action: acquisition
Counterparty: NV5 Global, Inc.
Consideration: 1.1523 shares of Acuren Common Stock and cash in the amount of $10.00
Closing: 2025-08-04

Exact text from the filing

the First Merger (the “First Effective Time”), other than Excluded Shares (as defined below) and Appraisal Shares (as defined below) was converted into the right to receive (i) 1.1523 shares of Acuren Common Stock (the “Per-Share Share Consideration”) and (ii) cash in the amount of $10.00 (the “Per-Share Cash Consideration” and, together with the Per-Share

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TIC Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-071356

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