Team, Inc. (TISI): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how companies ensure the safety and efficiency of critical industrial assets? delivers fully integrated specialty industrial services, offering conventional to highly specialized inspection, maintenance, and repair solutions. With a reported revenue of $852.3 million in 2024, and a clear focus on enhancing safety and reliability, how does operate and generate revenue? Keep reading to discover more about its history, ownership, mission, and business model.

Team, Inc. (TISI) History

Team, Inc.'s Founding Timeline

Year established

Team, Inc. was originally founded in 1995.

Original location

The company was initially located in Alvin, Texas.

Founding team members

Although specific names of the founding team members are not widely publicized, the company was formed with a vision to provide specialized services in inspection and integrity management.

Initial capital/funding

Information regarding the initial capital or funding of Team, Inc. is not readily available in public sources.

Team, Inc.'s Evolution Milestones

Team, Inc.'s Transformative Moments

• Strategic Acquisitions: Team, Inc.'s growth strategy has heavily relied on acquiring companies with complementary services. The acquisition of Furmanite in 2012 was particularly transformative, significantly expanding the company’s service portfolio and market presence.
• Focus on Technology and Innovation: Embracing advanced technologies such as digital radiography, drone inspections, and data analytics has allowed Team, Inc. to offer more efficient and precise inspection services, setting it apart from competitors.
• Operational Adjustments: The sale of Furmanite Mechanical Services in 2019 demonstrated a strategic decision to streamline operations and concentrate on core inspection and integrity services, enhancing efficiency and profitability.

To gain more insight into the company's guiding principles, explore the Mission Statement, Vision, & Core Values of Team, Inc. (TISI).

Team, Inc. (TISI) Ownership Structure

Team, Inc. features a mixed ownership structure, encompassing both public shareholders and key institutional investors that significantly shape its corporate governance.

Team, Inc.'s Current Status

Team, Inc. is a publicly traded company, which means its shares are available for purchase by the general public on a stock exchange.

Team, Inc.'s Ownership Breakdown

The ownership of Team, Inc. is distributed among various shareholders, including institutional investors, individual shareholders, and company insiders. The following table provides a detailed breakdown of the ownership percentages.

For more detailed insights into the ownership structure and major shareholders, explore this comprehensive analysis: Exploring Team, Inc. (TISI) Investor Profile: Who’s Buying and Why?

Team, Inc.'s Leadership

Team, Inc. is guided by a team of experienced leaders who oversee the company's strategic direction and operational execution. Key members of the leadership team include:

• Michael J. Caliel: Chairman of the Board
• Amerino Gouveia: Chief Executive Officer
• Susan M. Ball: Senior Vice President and Chief Financial Officer

This leadership team is responsible for driving the company's growth, ensuring financial stability, and maintaining a competitive edge in the market.

Team, Inc. (TISI) Mission and Values

Team, Inc. aims to deliver integrated engineering and inspection solutions, emphasizing safety, quality, and client satisfaction. The company's values revolve around integrity, service, and teamwork, guiding its operations and relationships.

Team, Inc.'s Core Purpose

Official mission statement

Team, Inc.'s official mission statement is: 'We deliver integrated engineering and inspection solutions improving clients’ asset performance and reliability, ensuring the safe and efficient operation of their facilities.' This statement encapsulates the company's commitment to enhancing the operational effectiveness and safety of its clients' assets through comprehensive service offerings.

Vision statement

While a specific, formally declared vision statement might not be explicitly publicized, Team, Inc.'s actions and strategic goals suggest a vision focused on:

• Being a global leader in integrated engineering and inspection services.
• Setting the standard for safety and quality in the industry.
• Driving innovation in asset performance management.
• Creating sustainable value for stakeholders through reliable and efficient solutions.

Company slogan/tagline

Team, Inc. does not have a widely publicized official slogan or tagline. However, considering their service portfolio and mission, an implied tagline could be:

• 'Ensuring Asset Performance and Reliability.'
• 'Integrated Solutions for a Safer, More Efficient World.'
• 'Your Partner in Engineering and Inspection Excellence.'

These taglines reflect the essence of Team, Inc.'s commitment to providing comprehensive solutions that enhance the safety, efficiency, and reliability of their clients' operations. Discover more about Team, Inc. and its investors: Exploring Team, Inc. (TISI) Investor Profile: Who’s Buying and Why?

Team, Inc. (TISI) How It Works

Team, Inc. (TISI) provides specialized industrial services, including non-destructive testing and evaluation, engineering assessment, and mechanical services, to ensure the integrity and reliability of critical energy infrastructure.

Team, Inc.'s Product/Service Portfolio

Team, Inc.'s Operational Framework

Team, Inc. operates through a network of strategically located facilities and employs a highly skilled workforce of engineers, technicians, and project managers. The company's operational framework is built on:

• Project Management: Managing projects from initial assessment to completion, ensuring they are on time and within budget.
• Quality Assurance: Maintaining rigorous quality control processes to meet or exceed industry standards and regulatory requirements.
• Technology Integration: Using advanced technologies and data analytics to improve service delivery and provide clients with actionable insights.
• Safety Protocols: Maintaining strict adherence to safety protocols to ensure a safe working environment and protect client assets.

For more information, you can review the Mission Statement, Vision, & Core Values of Team, Inc. (TISI).

Team, Inc.'s Strategic Advantages

Team, Inc.'s strategic advantages include:

• Technical Expertise: A team of highly trained and certified professionals with deep expertise in NDT&E, engineering assessment, and mechanical services.
• Comprehensive Service Offering: A broad range of integrated services that address the entire asset lifecycle, from inspection to repair and maintenance.
• Strong Customer Relationships: Long-standing relationships with major players in the energy, chemical, and infrastructure sectors.
• Geographic Footprint: A widespread network of locations that allows the company to serve clients across North America and internationally.

Team, Inc. (TISI) How It Makes Money

Team, Inc. primarily generates revenue through providing specialized industrial services, including non-destructive testing and evaluation, engineering assessment, and mechanical services to a variety of industries.

Team, Inc.'s Revenue Breakdown

While precise, up-to-the-minute revenue breakdowns for the fiscal year 2024 are not available in my search results, understanding Team, Inc.'s revenue streams involves considering their core service offerings. Typically, revenue is categorized by the type of service provided and the industries served.

Team, Inc.'s Business Economics

Team, Inc.'s business economics are influenced by several key factors:

• Pricing Strategies: Project pricing is often based on the scope of work, required expertise, and time involved. Long-term contracts may have negotiated rates that provide stable revenue streams.
• Economic Cycles: Demand for Team, Inc.'s services can be cyclical, influenced by capital spending in the energy, industrial, and infrastructure sectors. Economic downturns may lead to reduced spending on maintenance and upgrades, impacting revenue.
• Regulatory Environment: Stringent safety and environmental regulations drive demand for non-destructive testing and engineering assessments, providing a baseline for revenue.
• Competition: The industrial services market is competitive, with both large multinational corporations and smaller regional players. Maintaining a competitive edge requires specialized expertise, technological innovation, and strong client relationships.

Team, Inc.'s Financial Performance

Analyzing Team, Inc.'s financial performance involves looking at key metrics that demonstrate the company's efficiency and profitability. While specific 2024 figures aren't available, here are some typical considerations:

• Revenue Growth: Consistent revenue growth indicates a healthy demand for services and effective market penetration.
• Gross Margin: The gross margin reflects the profitability of Team, Inc.'s services, indicating how efficiently they manage service delivery costs.
• Operating Income: Operating income shows the profitability of core business operations, excluding interest and taxes.
• Net Income: Net income represents the bottom-line profitability of the company, after all expenses and income are accounted for.
• Cash Flow: Strong cash flow from operations is essential for funding investments in technology, acquisitions, and shareholder returns.

To gain more insights into Team, Inc.'s financial health, you might find this resource useful: Breaking Down Team, Inc. (TISI) Financial Health: Key Insights for Investors

Team, Inc. (TISI) Market Position & Future Outlook

Team, Inc. operates in a competitive landscape, providing specialized industrial services. The company's future hinges on its ability to capitalize on market opportunities while mitigating potential risks, all while maintaining a strong industry position; more information on the company's performance can be found here: Breaking Down Team, Inc. (TISI) Financial Health: Key Insights for Investors.

Competitive Landscape

Opportunities & Challenges

Industry Position

Team, Inc.'s standing in the industry can be characterized by:

• Specialization: The company focuses on niche areas within NDT and inspection, allowing it to build expertise and serve specific client needs.
• Reputation: Team, Inc. has established a solid reputation for providing reliable and high-quality services, contributing to long-term client relationships.
• Innovation: Embracing new technologies and methodologies helps Team, Inc. stay competitive and offer advanced solutions to its clients.

Team, Inc. must navigate both opportunities and challenges to strengthen its market position and secure future growth.