TIC Solutions (TIC) Investor presentation summary

Platform and financial profile

• Scaled North American platform spanning asset integrity, engineering and geospatial services, with recurring, compliance-driven demand and an asset-light, low-capex model.

• 2025 combined revenue was $2.1B, with ~38% adjusted gross margin and ~15% adjusted EBITDA margin; combined metrics are non-GAAP.

• LTM revenue mix: Inspection & Mitigation ~50%, Consulting & Engineering ~36%, and Geospatial ~14%.

• End-market mix included Oil & Gas ~25%, Buildings ~20%, Industrials ~20%, and Power & Utilities ~14%; geography was ~71% U.S. and ~23% Canada.

• Combined revenue grew at a low double-digit CAGR from 2010 to 2025, supported by recurring demand, diversified markets and share gains during dislocations.

Demand and service capabilities

• Long-term demand drivers include a $3.7T U.S. infrastructure investment gap, a projected 166 GW increase in U.S. summer peak demand by 2030, and growing data center investment.

• Consulting & Engineering serves infrastructure, utilities, buildings, data centers and environmental markets; Power Delivery has 17 utility relationships and projects in 40+ states.

• Data center operations include 700+ professionals across 10 countries; hyperscaler pipelines provide ~12+ months of visibility, typically 24–36 months.

• Inspection & Mitigation combines NDT, rope access, engineering and lab services; demand is driven by regulation, uptime needs and aging infrastructure.

• Geospatial combines data collection, analytics, mapping and software-enabled decision support for government, utilities, infrastructure and commercial markets.

Growth strategy and execution

• Priorities are to focus on essential high-demand markets, expand multi-service relationships across asset lifecycles, and drive technically differentiated, profitable growth.

• AI is positioned to automate workflows and improve productivity, while regulated, field-based and mission-critical services continue to require technical judgment and physical execution.

• Planned annual M&A deployment is ~$100–$150M, with a valuation lens of ~5x–8x EBITDA or ~1x–1.5x revenue; bolt-ons build density and platforms add adjacencies or geographies.

• 2021–2026 combined acquisition activity averaged 5.4x EBITDA, excluding the Acuren–NV5 combination; approximately $260M was deployed in 2021 and $178M YTD 2026.