TIC Solutions (NYSE:TIC0 entered a new era in the final quarter of 2025, reporting explosive top-line growth as it integrated the operations of NV5 Global.
The merger has fundamentally reshaped the company, turning the specialized testing and inspection firm into a diversified powerhouse in the engineering and geospatial services sectors.
The Hollywood, Florida-based company reported fourth-quarter revenue of $508.3 million, a 94% increase over the $262 million reported in the same period last year.
For the full year, Successor revenue reached $1.53 billion.
While the integration of NV5 drove a Successor net loss of $47.2 million for the quarter—impacted by transaction costs and higher interest expenses—the company’s underlying cash flow remained strong.
Adjusted EBITDA for the quarter rose 87% to $76.4 million, reflecting the immediate scale advantages of the combined platform.
The earnings report was accompanied by a significant leadership transition.
Tal Pizzey, who has led the organization for nearly four decades and oversaw its public listing and recent merger, will retire as Chief Executive Officer effective March 31, 2026.
He will be succeeded by Ben Heraud, the company’s current President and Chief Operating Officer.
Heraud, an engineering veteran and former CEO of NV5, is expected to focus on capturing the $25 million in identified cost synergies from the merger.
Looking ahead to 2026, TIC Solutions issued a bullish outlook, projecting full-year revenue between $2.15 billion and $2.25 billion.