Company: TISI
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0000318833-25-000015
Chunk: 15

Company: TEAM INC
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1
Chunk 15
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 compliance; hot tapping and line stopping; and online valve insertion solutions, which are delivered while assets are in an operational condition, which maximizes customer production time. Asset shutdowns can be planned, such as a turnaround maintenance event, or unplanned, such as those due to component failure or equipment breakdowns. Our specialty maintenance, turnaround and outage services are designed to minimize customer downtime and are primarily delivered while assets are off-line, often through the use of cross-certified technicians, whose multi-craft capabilities deliver the production needed to achieve tight time schedules. These critical services include on-site field machining; bolted-joint integrity; vapor barrier plug testing; and valve management solutions.

We market our services to companies in a diverse array of heavy industries which include:

•Energy (refining, power, renewables, nuclear, offshore oil and gas, and liquefied natural gas);

•Manufacturing and Process (chemical, petrochemical, pulp and paper industries, automotive and mining);  

•Midstream (valves, terminals and storage, and pipeline); 

•Infrastructure (construction and building, roads, dams, amusement parks, bridges, ports, and railways); and 

•Aerospace and Defense.

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Table of Content

Description of Business

Inspection and Heat Treating Segment:

IHT offers standard to specialty inspection services as well as heat treating services and digital imaging services. Heat treating services are generally associated with turnaround, project and new construction activities. Core IHT services are as follows:

•Non-Destructive Evaluation and Testing Services.

•Radiographic Testing.

•Ultrasonic Testing.

•Magnetic Particle Inspection.

•Liquid Penetrant Inspection.

•Positive Material Identification.

•Electromagnetic Testing.

•Alternating Current Field Measurement.

•Eddy Current Testing.

•Long-Range Guided Ultrasonics.

•Phased Array Ultrasonic Testing.

•Terminals and Storage Inspection and Management Programs.

•Rope Access.

•Mechanical Integrity Services.

•Pipeline Integrity Services.

•Heat Treating Services.

Mechanical Services Segment:

MS provides onstream services engineered to keep customer assets on-line and producing, and specialty maintenance, turnaround and outage services, which are performed while assets are off-line, and are designed to reduce customer downtime. Core MS services listed below are delivered in on-call, project-managed, and full-time nested capacities. 

•Leak Repair Services.

•Engineered Composite Repair.

•Emissions Control/Compliance Services.

•Hot Tapping Services.

•Valve Insertion Services