What is Team?
TEAM, Inc. is a global leader in providing integrated, digitally-enabled asset performance assurance and optimization solutions. The company deploys a comprehensive suite of services, ranging from conventional to highly specialized inspection, condition assessment, maintenance, and repair. These offerings are designed to enhance safety, reliability, and operational and economic efficiency for their clients' most critical assets, positioning TEAM, Inc. as a vital partner in industrial asset management.
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 Management is an alternative asset manager specializing in opportunistic, deep-value investments in middle-market companies. They focus on companies undergoing transitions, employing rigorous underwriting and active engagement to drive positive outcomes.
Eclipse Business Capital
Eclipse Business Capital, formerly Encina Business Credit, is an asset-based lending platform providing revolving lines of credit and term loans to middle-market borrowers across various industries. They target both privately-owned and publicly-traded companies.
What's next for Team?
The recent major strategic investment indicates a phase of significant expansion and operational enhancement for TEAM, Inc. This capital infusion is likely to fuel further development of their digital solutions, expansion into new markets, and strengthening of their service delivery capabilities. The company's focus on asset performance assurance suggests a strategic direction aimed at capturing a larger share of the industrial services market through technological innovation and enhanced client value.
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