Acuren reports Q1 revenue $234.2M (+5% YoY), net loss $25.9M; announces merger with NV5

TIC Solutions, Inc.

Revenue $234.2M, up 5.0% YoY; organic growth 7.2% driven by run-and-maintain work and service line expansion.
Net loss $25.9M vs $1.3M prior-year loss; includes acquisition amortization, deferred tax valuation allowance, and public company costs.
Adjusted EBITDA $25.9M (11.0% margin) vs $35.5M (15.9%); margin decline from public company costs and mix shift toward lower-margin site work.
Reiterated FY2025 revenue growth outlook of low-to-mid-single digit percent vs 2024.
Announced definitive merger agreement with NV5 Global (Nasdaq: NVEE); also uplisted to NYSE from NYSE American effective May 19, 2025 (symbol TIC).

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