Added to YB: 2026-06-29
Pitch date: 2026-06-26
TIC [bullish]
TIC Solutions, Inc.
Author Info
Rebound Capital shares deep research on beaten-down stocks. Sign up for the newsletter.
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
$1.8B
Pitch Price
N/A
Price Target
23.00
Dividend
N/A
EV/EBITDA
12.67
P/E
-14.63
EV/Sales
1.75
Sector
Professional Services
Category
value
Deep Dive (4/10): TIC Solutions ($TIC)
TIC: TICC services play from Aug'25 NV5/Acuren leveraged merger. ~$2.1B rev, 16% EBITDA margin guide. ~80% recurring, non-discretionary (regulatory-mandated), grid/data center tailwinds. Chairman Franklin repeating 25%+ APi roll-up playbook, 7% ownership. Base case $23/share vs ~$8 (below $16 bear case). Alyeska bought at $12. Catalysts: deleveraging $1.6B debt, 2029 guide of >$3B rev/>18% EBITDA/>85% FCF conv. Risks: stalled deleveraging, integration, AI capex slowdown.
Read full article (9 min)