Added to YB: 2025-05-30
Pitch date: 2025-05-29
TIC [bullish]
TIC Solutions, Inc.
-9.32%
current return
Author Info
Company Info
TIC Solutions, Inc. provides critical asset integrity services in North America. The company offers testing, inspection, certification, and compliance (TICC) services, including various nondestructive testing (NDT) techniques, such as radiography, ultrasonic testing, magnetic particle inspection, penetrant testing, and visual inspection.
Market Cap
$2.1B
Pitch Price
$10.51
Price Target
26.20 (+175%)
Dividend
N/A
EV/EBITDA
20.02
P/E
-22.68
EV/Sales
2.83
Sector
Professional Services
Category
special_situation
Acuren - NV5 merger
TIC: Acuren-NV5 merger creates $2B rev TIC/engineering powerhouse w/ $350M EBITDA. Expect 17.2% EBITDA margins expanding to 19%+. High leverage (4.4x) but reliable compliance-driven cashflows. Synergies: $20M cost + cross-selling. Franklin's track record promising. Bull case: 138% upside at 11x EV/EBITDA. Bear: 27% upside.
Read full article (9 min)