TIC Solutions announced on August 18 the simultaneous completion of three strategic acquisitions — we-do-IT, GeoVerra Holdings, and Core Group — adding roughly $90 million in annualized revenue funded entirely through existing cash on hand rather than new borrowings. The deals came less than two weeks after the company reported second-quarter results for the period ended June 30, which featured a wider net loss alongside a record consulting and engineering backlog of $1.18 billion. Colorado-based we-do-IT strengthens software integration and data management for utility providers, Edmonton-headquartered GeoVerra establishes a surveying and geomatics footprint in Canada, and UK-based Core Group anchors a European presence with specialized commissioning for complex building systems including data centers, healthcare facilities, and transportation infrastructure. For the quarter, combined Consulting & Engineering and Geospatial backlogs surged 20% year over year to a record $1.18 billion, while adjusted EBITDA expanded to $94.8 million from $54.6 million a year earlier, and management reaffirmed full-year 2026 revenue guidance between $2.15 billion and $2.25 billion. The company posted a net loss of $13.3 million for Q2 2026, widening from a $0.2 million loss a year earlier, with diluted loss per share of $(0.06), while total term loan debt stands at $1.6 billion against total liquidity of $473.5 million.
Acuren CorporationGeoVerra Holdings is acquired by TIC Solutions, establishing a Canadian surveying and geomatics footprint
we-do-IT is acquired by TIC Solutions, strengthening software integration and data management for utility providers
