TIC SOLUTIONS Business Summary

TIC Solutions Inc (TIC) operates as a premier North American provider of tech-enabled testing, inspection, certification, and compliance (TICC) services, primarily generating revenue through long-term service contracts and recurring regulatory-driven inspections. The company’s business model is structured into three core segments: Inspection & Mitigation (55% of revenue), which focuses on industrial asset integrity; Consulting Engineering (30%), providing specialized infrastructure and energy transition solutions; and Geospatial (15%), delivering advanced mapping and data analytics. Following its transformative 2025 merger with NV5 Global, TIC has solidified its position as a market leader in critical infrastructure services, competing directly with major industry peers such as UL Solutions, ICF International, CBIZ, and Willdan Group by leveraging a high-margin, asset-light service delivery model. Leadership is spearheaded by Chief Executive Officer Talman Pizzey, a metallurgical engineer with over two decades of operational experience at Acuren, and Chief Financial Officer Kristin Schultes, who previously held senior leadership roles at APi Group. The executive team also includes President and COO Benjamin Heraud, the former CEO of NV5, and General Counsel Richard Tong. The company’s strategic direction is heavily influenced by its Board of Directors, chaired by Robert A.E. Franklin and Co-Chaired by Sir Martin E. Franklin, the founder of Mariposa Capital and a renowned architect of platform-based business growth. TIC maintains a robust institutional investor base, with significant positions held by Viking Global Investors, Progeny 3 (led by Jon Hemingway), and Permian Investment Partners, reflecting strong market confidence in the company’s post-merger synergy and de-leveraging trajectory.