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 operational safety, reliability, and economic efficiency across various industrial sectors. Its market position is defined by its ability to combine specialized technical expertise with digital innovation, ensuring that infrastructure remains resilient and productive in demanding environments.
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
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 focuses on generating equity-like returns while mitigating risk through a diversified portfolio strategy.
Eclipse Business Capital
Eclipse Business Capital is an independent asset-based lending platform targeting middle-market borrowers in the U.S. and Canada, providing revolving lines of credit and term loans.
What's next for Team?
With the recent influx of capital, Team, Inc. is well-positioned to accelerate its strategic roadmap, focusing on the integration of advanced digital tools into its core service offerings. The company is expected to prioritize investments in predictive maintenance technologies and data-driven asset management platforms, which are increasingly vital for modern industrial operations. By scaling these capabilities, Team, Inc. aims to deepen its competitive moat and drive sustainable value for stakeholders.
Furthermore, the firm will likely utilize this financial backing to enhance its service delivery model, ensuring that it remains at the forefront of the asset integrity industry. As the company continues to refine its operational efficiency, the focus will remain on expanding its footprint in key markets and delivering superior outcomes for clients managing complex, mission-critical infrastructure.
