TCI Services, Inc. was acquired by Team Industrial Services (NYSE:TISI), the largest specialized industrial services company in North America. The Company was advised by Managing Directors of ClearRidge, acting in their capacity as registered representatives of Burch & Company, Inc.
TCI Services performs inspections, engineering and repair services across the U.S. for above ground storage tanks, in addition to new storage tank construction projects. The Company is headquartered in Tulsa, Oklahoma, with offices in Illinois, Kentucky and Texas. TCI serves refineries, marketing terminals, commodity and chemical processing plants, storage terminals, as well as aviation, pipeline and energy companies.
Terms of the transaction are not disclosed.