TIC Solutions Inc (TIC) is a testing, inspection, certification and compliance (TICC), engineering, and geospatial services company that provides asset integrity, nondestructive testing, consulting engineering, and geospatial analytics to industrial, infrastructure, and public-sector clients. Revenue is generated through time-and-materials, cost-plus, fixed-price, and unit-rate service contracts, with geospatial software also offered on a subscription basis. The company operates primarily in the United States and Canada, with additional operations in Europe, Asia, and the Middle East, serving private-sector clients across energy, chemicals, refining, manufacturing, and construction, as well as public-sector clients including federal, state, and municipal agencies. On August 4, 2025, TIC completed the acquisition of NV5 Global, Inc. for approximately $1.7 billion, expanding its capabilities in infrastructure engineering, building systems, environmental consulting, and geospatial analytics. The company is headquartered in Hollywood, Florida.
- Revenue model
- Services are billed under time-and-materials, cost-plus, fixed-price, and unit-rate contract arrangements. Inspection and Mitigation work is primarily time-and-materials or cost-plus. Consulting Engineering and Geospatial work is primarily fixed-price, with some time-and-materials, unit-rate, and software subscription revenue. Demand is driven by regulatory compliance requirements, customer risk management policies, and recurring maintenance needs.
- Products and services
- Services span three primary areas: (1) Inspection and Mitigation, including nondestructive testing, rope access, field mitigation, and destructive laboratory testing for industrial assets; (2) Consulting Engineering, including engineering design, conformity assessment, environmental consulting, and building systems engineering for infrastructure, transportation, utilities, water resources, data centers, and commercial real estate; (3) Geospatial, including data collection via LiDAR, imaging, remote sensing, and unmanned aerial systems, high-resolution mapping, vegetation management, utility asset inspection, and subscription-based geospatial software and analytic tools.
- Customers and end markets
- Private-sector clients include industrial operators in energy processing and refining, pipeline and midstream infrastructure, chemicals and industrial processing, manufacturing, power generation and utilities, aerospace, automotive, renewable energy, pulp and paper, and mining. Public-sector clients include federal, state, and municipal agencies, public utilities, transportation authorities, and environmental regulators. Additional private-sector demand comes from real estate developers and construction companies.
- Value-chain role
- TIC sits in the compliance and asset integrity services layer of the industrial and infrastructure value chain, performing inspection, testing, certification, and engineering services that are driven by regulatory mandates and operator risk management. The company self-performs inspection and mitigation work without outsourcing repair services, positioning it as an integrated service provider across asset life cycles.
- Geographic exposure
- Operations are headquartered in Hollywood, Florida. The company operates primarily in the United States and Canada, with additional operations in select international markets including Europe, Asia, and the Middle East, as disclosed in the 10-K filed 2026-03-12.
Source: SEC 10-K, filed 2026-03-12
Industry:
Services-Business Services, NEC