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Business

TIC Solutions Completes Three Strategic Acquisitions, Expanding Its Technical Capabilities and Geographic Reach

Financial Post ·

– Expands TIC Solutions’ capabilities and geographic reach across key end markets –

– Acquired businesses contribute a total of approximately $90 million of annualized revenue –

HOUSTON — TIC Solutions, Inc. (NYSE: TIC) (the “ Company ”, “ TIC ” or “ TIC Solutions ”), a leading provider of tech-enabled asset integrity, engineering, and geospatial services, announced today that it has recently completed the acquisitions of we-do-IT, Inc. (“WDI”), GeoVerra Holdings Inc. (“GeoVerra”), and Core Group Limited (“Core Group”) (collectively, the “Acquisitions”).

The Acquisitions expand TIC Solutions’ technical capabilities and strengthen its presence across key markets and geographies, including Canada and Europe. The acquired businesses bring complementary technical expertise, long-standing customer relationships and experienced teams that are expected to support cross-selling and growth across TIC Solutions’ integrated platform. Together, the acquired businesses generate approximately $90 million of annualized revenue.

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“We are excited to welcome the WDI, GeoVerra, and Core Group teams to the TIC family. Each business has an excellent reputation in its respective market, experienced leadership and complementary expertise that strengthens our existing platform,” said Ben Heraud, Chief Executive Officer of TIC Solutions. “Together, they create new opportunities to cross-sell our capabilities and better serve clients across the asset lifecycle. We look forward to supporting their continued growth as part of the TIC family.”

The Acquisitions are expected to be accretive to TIC Solutions’ “3/18/85” long-term financial targets, excluding transaction and integration-related costs. The purchase price for each Acquisition was funded with cash on hand.

TIC Solutions is a leading provider of tech-enabled asset integrity, engineering, and geospatial services. The Company delivers mission-critical services across the full lifecycle of industrial assets, buildings, and public infrastructure, from planning and construction through operations and ongoing maintenance. Operating across North America and select international markets, TIC Solutions serves a diversified client base across its principal end markets: oil and gas, industrials, buildings, power and utilities, infrastructure, natural resources, and aerospace and defense, including federal, state, and municipal customers across public-sector applications, with exposure to data centers and other high-growth industries.

TIC Solutions operates through three reportable segments: Inspection & Mitigation; Consulting & Engineering; and Geospatial, providing asset integrity services, engineering and advisory solutions, and data-driven asset intelligence capabilities.

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