Team Inc Raises $75M, Cuts Interest Costs and Posts 5.4% Q4 Revenue Gain
Team Inc posted 5.4% revenue growth in Q4 2025, with Mechanical Services up 8.9% and Inspection & Heat Treating up 1.9%. The company cut its blended interest rate by over 100 basis points, raised $75 million in preferred stock to pay down $67 million debt and boosted EBITDA by 12%.
1. Q4 Revenue Performance
Team Inc's revenue rose by 5.4% year-over-year in Q4 2025, with its Mechanical Services segment delivering an 8.9% increase and the Inspection and Heat Treating division achieving a 1.9% gain on the prior year.
2. Refinancing Details
The company refinanced its term loans, lowering the blended interest rate by more than 100 basis points and extending maturities to 2030, enhancing its financial flexibility and reducing annual interest costs.
3. Capital Raise and Debt Reduction
Team Inc completed a $75 million private placement of preferred stock and warrants, deploying proceeds to pay down approximately $67 million of outstanding debt and further deleverage its balance sheet.
4. EBITDA Improvement and Liquidity
Adjusted EBITDA climbed roughly 12% in 2025, expanding margins to near 7%, while year-end liquidity stood at $77.4 million, strengthening the company's cash flow position heading into 2026.