Team

Team helps factories and power plants keep equipment safe and running. Its inspections find problems before they cause shutdowns. Repairs and maintenance help industries avoid costly delays and accidents.

Gadgets, Gears, and Guarantees: What Team Sells

• Inspection and Heat-Treating (IHT): Non-destructive testing and asset checks for safety and reliability; 51.2% of 2025 revenue.
• Mechanical Services (MS): Leak repairs, valve management, and on-site fixes for pipes and machinery; 48.8% of 2025 revenue.
• Quest Integrity: Advanced pipeline and furnace inspections using robotics and digital imaging; included within IHT segment.
• Engineering Assessments: Condition analysis and compliance checks for critical infrastructure; serves energy, manufacturing, and transport sectors.
• Onstream Services: Maintenance and emergency response for pipelines and industrial systems; supports continuous operations.

Growth Spurts and Global Footprints

• Expanded to 139 locations in 13 countries by 2025, strengthening global reach.
• Issued $75 million in Series B Preferred Stock in September 2025 for added liquidity.
• Refinanced with new $225 million First Lien Term Loan in March 2025.
• Broadened service mix to support emissions reduction and sustainability for clients.

Why Team Is a Bit Different

Team combines inspection, engineering, and repair in one package, serving many industries. Its technicians hold multiple certifications and work across borders. The company’s broad customer base limits reliance on any single client.

Five Things You Need to Know

• Revenue was $896.5 million in 2025, up 5.2% from 2024.
• IHT segment made up 51.2% of 2025 revenue, growing 7.5% year-over-year.
• Adjusted EBITDA reached $60.7 million in 2025, up 11.9% from 2024.
• Net loss widened to $49.2 million in 2025, from $38.3 million in 2024.

Bottom Line

Team has evolved by expanding services, investing in technology, and diversifying its customer base. The company’s integrated approach helps industries maintain safe, efficient operations worldwide.