What is Team?
TEAM, Inc. is a global leader in providing integrated, digitally-enabled solutions for asset performance assurance and optimization. The company offers a comprehensive suite of services, ranging from conventional to highly specialized inspection, condition assessment, maintenance, and repair. These services are designed to enhance safety, reliability, and operational efficiency for their clients' most critical assets, positioning TEAM, Inc. as a key player in industries requiring stringent asset management and performance monitoring.
How much funding has Team raised?
Team has raised a total of $225M across 3 funding rounds:
Debt
$50M
Debt
$165M
Debt
$10M
Debt (2021): $50M with participation from Corre Partners Management
Debt (2022): $165M led by Eclipse Business Capital and Corre Partners Management
Debt (2022): $10M supported by Corre Partners Management
Key Investors in Team
Eclipse Business Capital
Eclipse Business Capital is an independent asset-based lending platform that provides financing solutions to middle-market borrowers. The firm specializes in revolving lines of credit and term loans, supporting companies across various industries with their capital needs.
Corre Partners Management
Corre Partners Management is an alternative asset manager focused on opportunistic, deep-value investments in middle-market companies. They specialize in companies undergoing transitions, employing a rigorous underwriting process and active engagement to drive positive outcomes.
What's next for Team?
The recent major strategic investment signals a pivotal phase for TEAM, Inc., likely enabling accelerated expansion of its digital capabilities and service infrastructure. This capital infusion is expected to fuel innovation in asset performance optimization technologies and broaden the company's market reach. Strategic partnerships and potential acquisitions may also be on the horizon as TEAM, Inc. solidifies its leadership in the asset performance assurance domain, leveraging its enhanced financial standing to drive further growth and operational excellence.
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