Gates Capital Boosts TIC Solutions Stake to $150 Million Even With Stock Down 24% This Past Year

2 days ago 8

Jonathan Ponciano, The Motley Fool

Mon, March 2, 2026 astatine 9:04 AM CST 4 min read

On February 17, 2026, Gates Capital Management, Inc. disclosed a bargain of 6,594,086 shares of TIC Solutions (NYSE:TIC), with an estimated transaction worth of $73.41 cardinal based connected quarterly mean pricing.

According to a SEC filing dated February 17, 2026, Gates Capital Management, Inc. accrued its presumption successful TIC Solutions (NYSE:TIC) by 6,594,086 shares during the 4th quarter. The estimated worth of the incremental shares acquired was $73.41 million, calculated utilizing the mean closing terms for the quarter. The fund’s quarter-end presumption stood astatine 14,836,121 shares, with a reported worth of $149.99 million, a nett presumption alteration of $40.29 cardinal from the anterior period.

The bargain brought TIC Solutions to 3.95% of the fund’s 13F reportable AUM arsenic of December 31, 2025.
Top holdings aft the filing:
- NYSE:ATKR: $172.87 cardinal (6.0% of AUM)
- NYSE:DAR: $170.79 cardinal (5.9% of AUM)
- NYSE:CARR: $170.17 cardinal (5.9% of AUM)
- NYSE:SPGI: $150.27 cardinal (5.2% of AUM)
- NYSE:FTV: $134.81 cardinal (4.7% of AUM)
As of February 17, 2026, TIC Solutions shares were priced astatine $9.34, down astir 24% implicit the past year, compared to a astir 16% summation for the S&P 500.

Metric

Value

Revenue (TTM)	$1.10 billion
Net income (TTM)	($121.16 million)
Price (as of marketplace adjacent February 17, 2026)	$9.34

TIC Solutions provides nondestructive testing, inspection, engineering, and laboratory investigating services crossed the United States and Canada.
The institution operates successful the specialty concern services industry, focusing connected method investigating and inspection.
It serves concern and commercialized clients seeking specialized prime assurance and compliance solutions.

TIC Solutions delivers method investigating and inspection services to a wide scope of clients successful the U.S. and Canada. Its concern exemplary centers connected providing specialized expertise for prime and compliance needs successful captious infrastructure and concern sectors.

This determination plants superior successful a institution that is softly transforming itself astatine scale. TIC Solutions is nary longer a niche inspection player. After completing its NV5 merger, it reported third-quarter gross of $473.9 cardinal and adjusted EBITDA of $77.3 million, up 51% twelvemonth implicit year. Management besides lifted its outgo synergy people to $25 cardinal and reaffirmed full-year gross guidance of $1.53 cardinal to $1.565 billion.

The banal trades astir $9.34, down astir 24% implicit the past year, portion the S&P 500 climbed astir 16%. That spread tells you sentiment is cautious. The equilibrium expanse carries meaningful leverage, with much than $1.6 cardinal successful word debt, but liquidity stood adjacent $283 cardinal astatine quarter's end.

Within the broader portfolio, this presumption sits beneath larger allocations to concern names similar Atkore, Darling Ingredients, and Carrier, suggesting a calculated mid-tier condemnation alternatively than a swing-for-the-fences bet. For semipermanent investors, the question is simple: Can recurring, compliance-driven investigating gross and merger synergies construe into durable currency flow? If integration execution holds, today’s depressed stock terms could look little similar a informing and much similar an introduction point. The institution reports full-year results connected March 12.

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