What is Team?
Team, Inc. operates as a global leader in integrated, digitally-enabled asset performance assurance and optimization. The company provides a comprehensive suite of services, ranging from conventional inspection and condition assessment to advanced maintenance and repair solutions. By focusing on the critical assets of its clients, Team, Inc. enhances safety, reliability, and economic efficiency across various industrial sectors.
The firm's market position is defined by its ability to integrate digital technologies with traditional industrial expertise. This dual-pronged approach allows the organization to address the evolving needs of infrastructure-heavy industries, ensuring that operational downtime is minimized and asset lifecycles are extended through data-driven insights and precision engineering.
How much funding has Team raised?
Team has raised a total of $225M across 3 funding rounds:
Debt
$50M
Debt
$10M
Debt
$165M
Debt (2021): $50M with participation from Corre Partners Management
Debt (2022): $10M led by Corre Partners Management
Debt (2022): $165M supported by Corre Partners Management and Eclipse Business Capital
Key Investors in Team
Corre Partners Management
Corre Partners is an alternative asset manager that specializes in making opportunistic, deep-value investments in middle market companies facing temporal challenges. The firm targets under-followed companies undergoing transitions, employing a rigorous underwriting process to maximize positive outcomes.
Eclipse Business Capital
Eclipse Business Capital is an independent asset-based lending platform targeting middle-market borrowers in the U.S. and Canada. The firm provides revolving lines of credit and term loans to companies across a wide range of industries including manufacturing and oil services.
What's next for Team?
With the recent capital deployment, Team, Inc. is well-positioned to accelerate its strategic initiatives focused on digital transformation and service expansion. The company is expected to prioritize the scaling of its condition assessment capabilities, further embedding its proprietary technology into the workflows of its enterprise clients. This focus on high-margin, technology-led services is designed to drive long-term growth and improve operational margins.
Furthermore, the firm will likely continue to refine its capital structure to support ongoing maintenance and repair operations. By maintaining a disciplined approach to asset management and leveraging its recent financing, Team, Inc. aims to strengthen its competitive moat, ensuring it remains the preferred partner for organizations seeking to maximize the performance and longevity of their most critical industrial assets.
