Highest-materiality recent filing
TIC Solutions amends credit agreement: rate cut 25 bps, LC sublimit raised to $50M
Interest rate on Amendment No. 3 Term Loans reduced by 25 basis points; now Term SOFR +2.50% or Base Rate +1.50%.
TIC Solutions Q1 revenue $488M, net loss $41.5M; reaffirms FY2026 guidance
Revenue of $488.0M (record Q1, +108% YoY largely from NV5 acquisition); combined organic growth 2.2%.
TIC Solutions reports pro forma net loss of $138M for 2025 after NV5 acquisition
Pro forma combined revenue of $2.1B; net loss of $138.2M and basic EPS of ($0.69) per common share.
TIC Solutions reports FY2025 net loss of $87.1M; CEO Pizzey to retire, Heraud to succeed
Full year 2025 revenue $1.53B (Successor), net loss $87.1M, Adjusted EBITDA $234.1M.
TIC Solutions declares stock dividend of 668,347 shares to Series A preferred holder
Board approved a stock dividend of 668,347 common shares to the holder of 1,000,000 Series A preferred shares.
TIC Solutions Q3 revenue $473.9M, net loss $13.9M, reaffirms FY2025 guidance
Revenue $473.9M in Q3 2025, up 56% vs combined $303.0M in Q3 2024, reflecting NV5 merger.
Acuren raises $250M in private placement; name change to TIC Solutions
Private placement of 20.8M shares (17.7M shares + 3.1M pre-funded warrants) at $12.00 per share.
Acuren to rename as TIC Solutions; provides FY2025 revenue and adjusted EBITDA guidance
Name change to TIC Solutions, Inc. expected on Oct 10, 2025, subject to Delaware certificate amendment.
Acuren Q2 revenue up 1.5% to $313.9M; completes $1.7B NV5 merger
Revenue $313.9M (+1.5% YoY); organic growth 2.0% driven by callout work and new customer wins.
Acuren closes $1.7B merger with NV5; stockholders get $23/shr cash+stock
NV5 stockholders receive $10 cash + 1.1523 Acuren shares per NV5 share (~$23 total).
Acuren stockholders approve stock issuance for NV5 Global merger; close expected August 2025
99.99% of votes cast at July 31 meeting approved the Acuren Stock Issuance Proposal.
Acuren presentation highlights NV5 deal synergies of $20M run-rate and combined $350M Adj. EBITDA
2024 revenue $1.097B, Adj. EBITDA $313M (28.5% margin), up 5% YoY.
Acuren to acquire NV5 Global for ~$23/share cash-and-stock; $875M debt financing secured
NV5 shareholders receive $10 cash plus ~$13 in Acuren stock per share, subject to collar adjustments.
Acuren reports Q1 revenue $234.2M (+5% YoY), net loss $25.9M; announces merger with NV5
Revenue $234.2M, up 5.0% YoY; organic growth 7.2% driven by run-and-maintain work and service line expansion.
Acuren warrants to begin trading on OTCQB under symbol TICAW on April 25
Warrants begin trading on OTCQB under symbol 'TICAW' effective April 25, 2025.
Acuren CAO Gregory Conaway departs; CFO Kristin Schultes assumes interim role
Gregory Conaway departed as Chief Accounting Officer effective April 11, 2025.
Audit Committee determined unaudited Predecessor period (Jan 1-Jul 29, 2024) financials can no longer be relied upon due to income tax error.
Acuren FY2024 combined revenue $1.1B, Adj. EBITDA $186.7M; guides 2025 low-mid single-digit growth
Combined FY2024 revenue $1.097B (+4.5% YoY); Adj. EBITDA $186.7M (17.0% margin, +11.5% YoY).
Acuren CHRO Lourinda St. John resigns effective April 7, 2025
Chief Human Resources Officer Lourinda St. John resigns for personal reasons, no disagreement with company.
Acuren reduces interest rate on term loans via First Amendment to Credit Agreement
Amendment lowers interest rate to Term SOFR+2.75% or Base Rate+1.75% per annum.
Acuren Q3 combined revenue $303M (+14% YoY); Adjusted EBITDA $51.3M; plans NYSE listing in Q1 2025
Combined Q3 revenue $303.0M, up 14.1% YoY; combined adjusted gross profit margin 29.6% vs 29.3%.
In the interim, the Company’s Chief Financial Officer, Kristin Schultes, will assume the responsibility of Principal Accounting Officer.
As of April 11, 2025, Acuren Corporation (the “Company”) announced the departure of Gregory Conaway, the Company’s Chief Accounting Officer.
On February 28, 2025, Lourinda St. John, Chief Human Resources Officer of Acuren Corporation (the “Company”), notified the Company that, due to personal reasons, she intends to resign from her current title and roles at the Company and all of its subsidiaries effective April 7, 2025.
Max materiality 1.00 · Median 0.75 · Most common event earnings