Acuren Announces Company Rebrand to TIC Solutions
Posted: 2025-10-1
Source:
Business Wire
HOLLYWOOD, Fla.--(BUSINESS WIRE)--Acuren Corporation (the "Company") (NYSE: TIC) today announced that it will rebrand as TIC Solutions, Inc. ("TIC" or "TIC Solutions"), following its recent merger with NV5. Together, Acuren and NV5 bring decades of recognized expertise in testing, inspection, certification, engineering, consulting and geospatial services. The new corporate identity unifies the combined enterprise, while Acuren, NV5 and other legacy brands will continue to operate as trusted customer-facing brands, ensuring continuity for clients and employees.
The new corporate brand reflects the Company’s evolution into a leading provider of tech-enabled, mission-critical Testing, Inspection, Certification, and Compliance (TICC) and engineering services that safeguard assets and infrastructure. With more than 11,000 employees across 250+ locations, the Company’s rebrand to "TIC Solutions" builds on a strong foundation in nondestructive testing, industrial rope access, engineering, and geospatial analytics. The new identity underscores the Company’s commitment to safety, innovation, and reliable service delivery across industrials, energy, utilities, and both public and commercial infrastructure sectors. The Company also has exposure to resilient and expanding markets including data centers, aviation, healthcare, and higher education.
"Today marks a pivotal step forward in our history. The Acuren name is rooted in decades of industrial and inspection leadership, and the NV5 name brings a longstanding reputation in engineering and geospatial. The rebrand reflects our expanded scale and capabilities while maintaining continuity for our customers and employees," said Tal Pizzey, Chief Executive Officer of the Company. "We offer a powerful value proposition, delivering inspection and mitigation, consulting engineering, and geospatial services. Acuren and NV5 will remain trusted customer-facing brands, while the rebrand to "TIC Solutions" unifies the enterprise at the corporate level and positions us to expand our platform in the years ahead."
"We are encouraged by the swiftness of progress that the leadership team has made following the combination of Acuren and NV5. The meaningful synergies both on the cost side and in go-to-market strategies will be apparent in 2026 and beyond. We have been focused on long term strategic actions which we expect to accelerate our growth for the years to come," said Robbie Franklin, Executive Chairman of the Company.
Looking Ahead
The name change will be effective October 10, 2025. Our stock will continue trading on the New York Stock Exchange under the ticker symbol "TIC." No action is required by stockholders in connection with the name change. The Company’s corporate headquarters has also been changed to 200 South Park Road, Suite 350, Hollywood, Florida 33021.
Our unaudited interim consolidated financial statements for the three- and nine-months ending September 30, 2025, are not yet available. The above outlook ranges are based on the information available to us as of the date of this press release. These are forward-looking statements and may differ from actual results based on, among other things, completion of our financial closing and other operational procedures, final adjustments and other developments that may arise between now and the time the financial results for the three- and nine-months ending September 30, 2025, and fiscal year ending December 31, 2025, are finalized.
EBITDA and Adjusted EBITDA are non-GAAP financial measures. EBITDA is defined as earnings before interest, taxes, depreciation and amortization and Adjusted EBITDA is defined as EBITDA excluding the impact of certain non-cash and other specifically identified items. We use these non-GAAP financial measures both in explaining our results to stockholders and the investment community and in our internal evaluation and management of our businesses. Our management believes that these non-GAAP financial measures and the information they provide are useful to investors since these measures (a) permit investors to view our performance using the same tools that management uses to evaluate our past performance, reportable business segments and prospects for future performance, (b) permit investors to compare us with our peers, (c) determine certain elements of management’s incentive compensation, and (d) provide consistent period-to-period comparisons of the results.
These estimated ranges should not be viewed as a substitute for our financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP"). Accordingly, you should not place undue reliance on these ranges. See "Cautionary Note Regarding Forward-Looking Statements" below for additional information regarding factors that could result in differences between our guidance ranges and the actual financial and other data we will report for the three- and nine-months ending September 30, 2025, and the fiscal year ending December 31, 2025. The ranges have been prepared by, and are the responsibility of, our management. Our independent registered public accounting firm, PricewaterhouseCoopers LLP, has not audited, reviewed, examined compiled nor applied agreed-upon procedures with respect to the outlook ranges. Accordingly, PricewaterhouseCoopers LLP does not express an opinion or any other form of assurance with respect thereto.
Additionally, these non-GAAP financial measures may differ from similar measures presented by other companies. A reconciliation is not provided for the outlook ranges as we are unable to predict the amounts to be adjusted, such as the GAAP tax provision and depreciation. Accordingly, we would not be able to make a detailed reconciliation of these forward-looking financial measures available without unreasonable efforts due to our inability to predict the amount and timing of these future items.
About the Company:
The Company is a leading provider of tech-enabled Testing, Inspection, Certification, and Compliance (TICC) services and critical asset integrity solutions. Operating across North America and select international markets, the Company serves diversified end markets that are essential to the broader economy, including industrials, energy processing, utilities, and both public and commercial infrastructure, with exposure to data centers and other high-growth adjacencies.
The Company supports clients across the full asset lifecycle, from planning and design to commissioning and compliance, through a comprehensive portfolio that includes inspection and mitigation (nondestructive testing and rope access services), consulting engineering, and geospatial solutions. The Company’s services are mission-critical, frequently compliance-mandated, and typically recurring in nature, delivered by a workforce of more than 11,000 employees across more than 250 locations.
For more information, please visit www.acuren.com and beginning October 10, 2025, www.ticsolutions.com.
The new corporate brand reflects the Company’s evolution into a leading provider of tech-enabled, mission-critical Testing, Inspection, Certification, and Compliance (TICC) and engineering services that safeguard assets and infrastructure. With more than 11,000 employees across 250+ locations, the Company’s rebrand to "TIC Solutions" builds on a strong foundation in nondestructive testing, industrial rope access, engineering, and geospatial analytics. The new identity underscores the Company’s commitment to safety, innovation, and reliable service delivery across industrials, energy, utilities, and both public and commercial infrastructure sectors. The Company also has exposure to resilient and expanding markets including data centers, aviation, healthcare, and higher education.
"Today marks a pivotal step forward in our history. The Acuren name is rooted in decades of industrial and inspection leadership, and the NV5 name brings a longstanding reputation in engineering and geospatial. The rebrand reflects our expanded scale and capabilities while maintaining continuity for our customers and employees," said Tal Pizzey, Chief Executive Officer of the Company. "We offer a powerful value proposition, delivering inspection and mitigation, consulting engineering, and geospatial services. Acuren and NV5 will remain trusted customer-facing brands, while the rebrand to "TIC Solutions" unifies the enterprise at the corporate level and positions us to expand our platform in the years ahead."
"We are encouraged by the swiftness of progress that the leadership team has made following the combination of Acuren and NV5. The meaningful synergies both on the cost side and in go-to-market strategies will be apparent in 2026 and beyond. We have been focused on long term strategic actions which we expect to accelerate our growth for the years to come," said Robbie Franklin, Executive Chairman of the Company.
Looking Ahead
The name change will be effective October 10, 2025. Our stock will continue trading on the New York Stock Exchange under the ticker symbol "TIC." No action is required by stockholders in connection with the name change. The Company’s corporate headquarters has also been changed to 200 South Park Road, Suite 350, Hollywood, Florida 33021.
Our unaudited interim consolidated financial statements for the three- and nine-months ending September 30, 2025, are not yet available. The above outlook ranges are based on the information available to us as of the date of this press release. These are forward-looking statements and may differ from actual results based on, among other things, completion of our financial closing and other operational procedures, final adjustments and other developments that may arise between now and the time the financial results for the three- and nine-months ending September 30, 2025, and fiscal year ending December 31, 2025, are finalized.
EBITDA and Adjusted EBITDA are non-GAAP financial measures. EBITDA is defined as earnings before interest, taxes, depreciation and amortization and Adjusted EBITDA is defined as EBITDA excluding the impact of certain non-cash and other specifically identified items. We use these non-GAAP financial measures both in explaining our results to stockholders and the investment community and in our internal evaluation and management of our businesses. Our management believes that these non-GAAP financial measures and the information they provide are useful to investors since these measures (a) permit investors to view our performance using the same tools that management uses to evaluate our past performance, reportable business segments and prospects for future performance, (b) permit investors to compare us with our peers, (c) determine certain elements of management’s incentive compensation, and (d) provide consistent period-to-period comparisons of the results.
These estimated ranges should not be viewed as a substitute for our financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP"). Accordingly, you should not place undue reliance on these ranges. See "Cautionary Note Regarding Forward-Looking Statements" below for additional information regarding factors that could result in differences between our guidance ranges and the actual financial and other data we will report for the three- and nine-months ending September 30, 2025, and the fiscal year ending December 31, 2025. The ranges have been prepared by, and are the responsibility of, our management. Our independent registered public accounting firm, PricewaterhouseCoopers LLP, has not audited, reviewed, examined compiled nor applied agreed-upon procedures with respect to the outlook ranges. Accordingly, PricewaterhouseCoopers LLP does not express an opinion or any other form of assurance with respect thereto.
Additionally, these non-GAAP financial measures may differ from similar measures presented by other companies. A reconciliation is not provided for the outlook ranges as we are unable to predict the amounts to be adjusted, such as the GAAP tax provision and depreciation. Accordingly, we would not be able to make a detailed reconciliation of these forward-looking financial measures available without unreasonable efforts due to our inability to predict the amount and timing of these future items.
About the Company:
The Company is a leading provider of tech-enabled Testing, Inspection, Certification, and Compliance (TICC) services and critical asset integrity solutions. Operating across North America and select international markets, the Company serves diversified end markets that are essential to the broader economy, including industrials, energy processing, utilities, and both public and commercial infrastructure, with exposure to data centers and other high-growth adjacencies.
The Company supports clients across the full asset lifecycle, from planning and design to commissioning and compliance, through a comprehensive portfolio that includes inspection and mitigation (nondestructive testing and rope access services), consulting engineering, and geospatial solutions. The Company’s services are mission-critical, frequently compliance-mandated, and typically recurring in nature, delivered by a workforce of more than 11,000 employees across more than 250 locations.
For more information, please visit www.acuren.com and beginning October 10, 2025, www.ticsolutions.com.
