Acuren to rebrand as TIC Solutions following NV5 merger

HOLLYWOOD, Fla. - Acuren Corporation (NYSE:TIC) announced Tuesday it will rebrand as TIC Solutions, Inc. effective October 10, 2025, following its recent merger with NV5. The company will maintain its NYSE ticker symbol "TIC" and relocate its corporate headquarters to Hollywood, Florida. The stock, which has delivered a robust 40% return over the past year, is currently trading near its 52-week high of $14.94. According to InvestingPro analysis, the company appears fairly valued at current levels.

The rebranding reflects the company’s evolution into a provider of Testing, Inspection, Certification, and Compliance (TICC) services. Despite the corporate name change, Acuren, NV5, and other legacy brands will continue to operate as customer-facing brands to ensure continuity. With a strong current ratio of 3.35 and moderate debt levels, InvestingPro data indicates the company maintains healthy liquidity to support its operational transformation.

"Today marks a pivotal step forward in our history," said Tal Pizzey, Chief Executive Officer. "The rebrand reflects our expanded scale and capabilities while maintaining continuity for our customers and employees."

The combined entity employs over 11,000 people across more than 250 locations, offering services in nondestructive testing, industrial rope access, engineering, and geospatial analytics. The company serves industrial, energy, utilities, and infrastructure sectors, with additional exposure to data centers, aviation, healthcare, and higher education markets.

Robbie Franklin, Executive Chairman, noted that "meaningful synergies both on the cost side and in go-to-market strategies will be apparent in 2026 and beyond."

The company also provided financial guidance for the third quarter and full year 2025. For the three months ending September 30, 2025, it expects service revenue between $460 million and $480 million, with adjusted EBITDA between $75 million and $80 million. Full-year 2025 projections include service revenue of $1.53 billion to $1.57 billion and adjusted EBITDA of $240 million to $250 million.

The outlook information is based on preliminary data, according to the company’s press release statement.

In other recent news, Acuren Corp reported its Q2 2025 earnings, showing a 1.5% increase in service revenues to $313.9 million. The company also announced a strategic acquisition of NV5 for $1.7 billion. Despite these developments, Acuren’s adjusted EBITDA decreased to $54.6 million from $59.1 million the previous year, resulting in a drop in its EBITDA margin from 19.1% to 17.4%. Jefferies has initiated coverage on Acuren with a Buy rating and a $16.00 price target. The firm cited the potential for Acuren to expand its EBITDA margins by approximately 200 basis points to 18% by 2027. This expansion is expected to be driven by cost synergies from the NV5 acquisition, operating leverage, and strategic business improvements. These recent developments highlight Acuren’s efforts to enhance its financial performance and strategic positioning in the market.

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