Latest news with #Acuren
Associated Press
02-06-2025
- Business
- Associated Press
Acuren Corporation Announces Upcoming Participation in the Baird 2025 Global Consumer, Technology & Services Conference
TOMBALL, Texas--(BUSINESS WIRE)--Jun 2, 2025-- Acuren Corporation (NYSE: TIC) (the ' Company ' or ' Acuren '), a leading provider of critical asset integrity services, today announced that its senior leadership will be participating in the Baird 2025 Global Consumer, Technology & Services Conference on Wednesday, June 4, 2025 in New York, NY. About Acuren: Acuren is a leading provider of critical asset integrity services. The company operates primarily in North America serving a broad range of industrial markets. It provides these essential and often compliance-mandated (often at customer locations) services in the industrial space and is focused on the recurring maintenance needs of its customers. The work Acuren does fits in the service category referred to as Testing, Inspection, Certification, and Compliance (TICC) including Nondestructive Testing (NDT) in the field and the laboratory and in-lab destructive testing capabilities. More information can be found at View source version on CONTACT: Investor Relations Inquiries: Dan Scott / Rodny Nacier ICR Inc. [email protected] KEYWORD: TEXAS NEW YORK UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TECHNOLOGY MANUFACTURING OTHER NATURAL RESOURCES MINING/MINERALS OTHER ENERGY OTHER TECHNOLOGY NATURAL RESOURCES OTHER MANUFACTURING OIL/GAS ENERGY ENGINEERING SOURCE: Acuren Corporation Copyright Business Wire 2025. PUB: 06/02/2025 07:00 AM/DISC: 06/02/2025 06:58 AM
Business Wire
02-06-2025
- Business
- Business Wire
Acuren Corporation Announces Upcoming Participation in the Baird 2025 Global Consumer, Technology & Services Conference
TOMBALL, Texas--(BUSINESS WIRE)--Acuren Corporation (NYSE: TIC) (the ' Company ' or ' Acuren '), a leading provider of critical asset integrity services, today announced that its senior leadership will be participating in the Baird 2025 Global Consumer, Technology & Services Conference on Wednesday, June 4, 2025 in New York, NY. About Acuren: Acuren is a leading provider of critical asset integrity services. The company operates primarily in North America serving a broad range of industrial markets. It provides these essential and often compliance-mandated (often at customer locations) services in the industrial space and is focused on the recurring maintenance needs of its customers. The work Acuren does fits in the service category referred to as Testing, Inspection, Certification, and Compliance (TICC) including Nondestructive Testing (NDT) in the field and the laboratory and in-lab destructive testing capabilities. More information can be found at
Yahoo
31-05-2025
- Business
- Yahoo
Acuren Corporation (TIC): A Bull Case Theory
We came across a bullish thesis on Acuren Corporation (TIC) on Kairos Research's Substack. In this article, we will summarize the bulls' thesis on TIC. Acuren Corporation (TIC)'s share was trading at $11 as of 28th May. TIC's trailing and forward P/E were 39.88 and 22.73 respectively according to Yahoo Finance. A worker in a factory wearing a safety uniform standing in front of a conveyor belt of products. Acuren Corporation and NV5 Global, Inc. have entered into a definitive agreement to merge in a transaction valued at approximately $1.7 billion. The deal combines Acuren's leading industrial testing and inspection capabilities with NV5's infrastructure and geospatial engineering expertise, creating a diversified technical services platform with projected annual revenues of $2 billion. Under the terms of the agreement, NV5 shareholders will receive $23.00 per share, consisting of $10.00 in cash and $13.00 in Acuren stock, which represents a 32% premium over NV5's recent share price. The merged company is expected to deliver approximately $350 million in adjusted EBITDA after synergies, with $20 million in near-term cost savings already identified. The transaction structure will result in Acuren shareholders owning approximately 60% of the combined company and NV5 shareholders owning 40%. The strategic rationale behind the merger includes complementary services, increased cross-selling opportunities, and expansion across infrastructure and industrial end markets. The combined scale and capabilities aim to better serve clients and compete more effectively in a fragmented industry. As part of the transaction, Acuren will appoint key NV5 executives, including CEO Dickerson Wright and COO Alexander Hockman, to its board of directors, with Wright also serving as Chairman. The merger has been unanimously approved by NV5's Board of Directors and is expected to close in the second half of 2025, pending customary closing conditions and regulatory approvals. The transaction signals a significant consolidation in the technical services sector, positioning the combined entity for long-term growth and enhanced shareholder value. For a comprehensive analysis of another standout stock covered by the same author, we recommend reading their summary of their bullish thesis on NVR, Inc. (NVR). Acuren Corporation (TIC) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 24 hedge fund portfolios held TIC at the end of the first quarter which was 0 in the previous quarter. While we acknowledge the risk and potential of TIC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than TIC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
17-05-2025
- Business
- Bloomberg
Acuren Agrees to Buy Engineering Firm NV5 for $1.7 Billion
Acuren Corp. has agreed to buy rival engineering and inspection-services provider NV5 Global Inc. for about $1.7 billion in cash and stock. NV5 investors will receive $23 per share, consisting of $10 in cash and $13 in shares of Acuren common stock, according to a statement Thursday. Acuren shareholders will own about 60% of the combined company, with NV5 investors holding the rest.
Business Wire
15-05-2025
- Business
- Business Wire
NVEE Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of NV5 Global, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of NV5 Global, Inc. (NASDAQ: NVEE) to Acuren Corporation is fair to NV5 shareholders. Under the terms of the proposed transaction, NV5 shareholders will receive approximately $23.00 per share consisting of $10.00 in cash and an estimated $13.00 in shares of Acuren common stock at closing. Halper Sadeh encourages NV5 shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@ or zhalper@ The investigation concerns whether NV5 and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for NV5 shareholders; (2) determine whether Acuren is underpaying for NV5; and (3) disclose all material information necessary for NV5 shareholders to adequately assess and value the merger consideration. On behalf of NV5 shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome.
