Company Overview - TIC Solutions recently completed a merger with NV5 and rebranded from Acuren to TIC Solutions, enhancing its market position in the specialty business services industry [10] - The company operates a service-based business model focused on nondestructive testing, inspection, engineering, and laboratory testing services across the United States and Canada [8] - TIC Solutions aims to deliver reliable, regulatory-compliant services to high-value industrial clients, emphasizing operational safety and asset integrity [5] Financial Performance - As of November 14, 2025, TIC Solutions had a market capitalization of $2.16 billion and reported revenue of $1.28 billion for the trailing twelve months (TTM) [4] - The company reported a net income loss of $55.54 million for the TTM [4] - TIC Solutions forecasts sales of $1.5 billion for 2025, surpassing the record revenue of $1.1 billion in 2024 [10] Investment Activity - Cruiser Capital Advisors, LLC reported a new equity position in TIC Solutions, acquiring 207,607 shares valued at approximately $2.76 million, representing 2.8% of the fund's reportable U.S. equity holdings [2][3] - Following this transaction, TIC Solutions became the eighth largest holding in Cruiser Capital's portfolio, which consists of 57 total positions [6][3] - The purchase indicates a bullish outlook towards TIC Solutions, particularly after the stock reached a 52-week high of $14.94 on September 29, 2025 [10][9]