Team, Inc.
Capital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.Company Description
- CEO
- Gary L. Hill
- Full Time Employees
- 5,300
- Sector
- Commercial services
- Industry
- Miscellaneous commercial services
- Address
- 13131 Dairy Ashford Sugar Land TX United States 77478
- IPO Date
- Jan 3, 2012
- CIK
- 0000318833
- Website
- teaminc.com
- Similar Companies
- Business
- Team, Inc. is a leading industrial services company specializing in asset integrity management, mechanical, heat-treating, inspection, and maintenance services primarily for the refining, petrochemical, power, pipeline, and heavy industrial sectors. Founded in 1973 and headquartered in Sugar Land, Texas, Team operates through two main segments: Inspection and Heat Treating (IHT) and Mechanical Services (MS). Its core product and service offerings include leak repair and leak sealing; hot tapping, line stopping, and valve insertion; mechanical inspection and testing such as non-destructive evaluation (NDE) including radiographic, ultrasonic, magnetic particle, liquid penetrant, and electromagnetic testing; field machining; controlled bolting; heat treating services including field heat treating and thermal process solutions; concrete repair; emissions control; flange management; specialty welding; tank management; rope access; and engineered lifts. The company serves clients with more than 220 service locations across North America and internationally across five continents, including subsidiaries in England, Trinidad, and Singapore. Recent major developments include initiatives in 2024 to improve operational efficiencies and financial performance highlighted by a 28% increase in adjusted EBITDA to $54.3 million, driven by cost reduction and margin enhancement efforts. Team completed a refinancing transaction in early 2025 to enhance financial flexibility by lowering its cost of capital, supporting organic growth and debt reduction strategies. The company also launched near-term cost-saving actions targeting approximately $10 million in annualized savings and has executed strategic steps to improve performance in its Canadian operations. Technologically, Team expanded its service offerings and capabilities with advanced asset and project solutions including robotic inspections, unmanned vehicles, remote monitoring, and a digital Products and Services Portal for online ordering of valves, pipeline products, and repair services. The company is focused on mid-single-digit revenue growth and aims to achieve a 10% adjusted EBITDA margin as it advances its commercial initiatives and operational execution in 2025. Team, Inc. continues to leverage its century-old heritage from its acquisition of Furmanite, a pioneer in leak sealing, to maintain leadership in industrial maintenance and integrity solutions across multiple global industrial markets. Its extensive product and service portfolio ensures safety, operational reliability, and cost efficiency for critical infrastructure assets in the energy, petrochemical, power generation, and manufacturing industries worldwide. The company employs approximately 5,400 people and operates through a network of customer service locations to deliver rapid response and customized solutions to complex industrial challenges.
Company News
Clear Channel Outdoor and OUTFRONT Team Up with Million Mammograms Challenge to Encourage Early Breast Cancer Screening
Elastic Announces Multi-Year Partnership with Audi Revolut F1® Team, Expanding Search and Observability Collaboration
Schneider Electric and Centennial College Team Up to Advance Future-Ready Skills, Innovation and Sustainability
Building the Ultimate Game Night: Domino's® and Minecraft Dungeons II Team Up for a Block-Shaped Collaboration
Blossom Gold Announces Selection of Kappes, Cassiday and Associates as Lead for Rosebud's Feasibility, the Rosebud Technical Team and Provides an Update on Permitting Activities Supporting a 2029 Start of Construction
Everkind Launches Pilot Program with Cornerstone to Recovery to Support the Team Behind York Region's Recovery Community
Ericsson announces simplification of Group structure and changes to the Executive Team
BJ's Wholesale Club Awards Hourly Team Members More Than $25 Million for 42 Years of Unbeatable Customer Service
Christie's International Real Estate New York Welcomes The Daniel Kramp Team and Morrel Hirsch & Advisors Team
Northisle Announces Exploration and Geology Team Transition Plan
Sibylla Biotech Appoints Usman Azam CEO, Gianluca Fuggetta CFO, and Expands Executive Team to Drive Transition to Clinic
President Donald Trump's Investment Team Dumped AMD in August and Bought Up to $25 Million in One of the Cheapest "Magnificent Seven" Stocks
Elastic Announces AlertZero, a Team of Specialized AI Agents for the Security Operations Lifecycle
lululemon Announces New Leadership Team Structure to Drive Next Chapter of Growth
Google and Unity Team to Let Users Build Their Own Games
Life Time Launches First-Ever Community Week October 11-17 to Bring Members and Team Members Together Through Service, Movement and Giving
Anthropic is giving startups a free year of Claude Team and $1,000 in credits
Hillcrest Team to Attend 2026 OCP Global Summit
Alamar Biosciences Names Former Grail CEO Bob Ragusa to Board of Directors and Expands Leadership Team
David Ellison and Ynon Kreiz Announce their CEO Leadership Team for Skydance Following Anticipated Close of Warner Bros. Discovery Acquisition