Team, Inc. (Team), incorporated in 1973, is a professional full-service provider of specialized industrial services, including on-stream leak repair, hot tapping, fugitive emissions control monitoring, field machining, technical bolting, field valve repair, field heat treating and non-destructive testing/examination (NDE) inspection services. These services are provided throughout the United States in over 50 locations. The Company operates in two segments: industrial services, and equipment sales and rental. Industrial services consist principally of leak repair, hot tapping, emissions control monitoring, on-site field machining, technical bolting, valve repair, field heat treating and NDE inspection. Through its wholly owned subsidiary, Climax Portable Machine Tools, Inc. (Climax) of Newberg, Oregon, Team is engaged in the equipment sales and rental segment. Climax is a designer-manufacturer of portable, metal cutting machine tools used for onsite industrial maintenance. Climax operates through six rental depots throughout the United States, as well as four rental depots internationally. The Company conducts operations through international locations in Singapore, Aruba, Canada, Venezuela and Trinidad. In addition, Team licenses its techniques and materials to various companies outside the United States and receives royalties based upon revenues earned by its licensees. In April 2004, the Company acquired Thermal Solutions, Inc. (TSI) a Denver, Colorado-based field heat treating service company. In August 2004, Team acquired the business assets of Cooperheat-MQS, Inc., (Cooperheat) a Houston, Texas-based company with two primary service offerings: field heat treating and NDE inspection services. Climax maintains an inventory of raw materials, parts and completed machines as needed to support the existing level of business. Most of the Company's orders for equipment are filled within 30 days of receipt. Industrial Services The Company provides industrial services for over 4,000 customers in the petrochemical, refining, power, pipeline, pulp and paper, steel and other industries. Team provides on-stream repairs of leaks in piping systems and related equipment. Team markets a line of products, which includes both standard and custom-designed clamps and enclosures for plant systems and pipelines. The Company's leak repair services consist of on-stream repairs of leaks in pipes, valves, flanges and other parts of piping systems and related equipment primarily in the chemical, refining and utility industries. Team uses specially developed techniques, sealants and equipment for repairs. Team's leak repair services involve inspection of the leak by the Company's field crew who record pertinent information about the faulty part of the system and transmit the information to its engineering department for determination of appropriate repair techniques. Repair materials, such as clamps and enclosures are custom-designed and manufactured at Team's facility in Alvin, Texas, and delivered to the job site. The Company's hot tapping services consist primarily of hot tapping and Line-stop services. Hot tapping services involve utilizing special equipment to cut a hole in an on-stream, pressurized pipeline so that a new line can be connected onto the existing line without interrupting operations. Hot tapping is frequently used for making branch connections into piping systems while the production process is operative. Line-stop services permit the line to be depressurized downstream so that maintenance work can be performed on the piping system. Team typically performs these services by mechanically drilling and cutting into the pipeline and installing a device to stop the process flow. In some cases, the Company may use a line freezing procedure to stop the process flow using special equipment and techniques. Team also provides leak detection services that include fugitive emissions identification, monitoring, data management and reporting services primarily for the chemical, refining and natural gas processing indust

• Download SqueezeTrigger (TM) Report
• Download FrictionFactor Report
• Download Daily Short Volume Report
• Download Real-Time Short Volume Tool
• Download Failures to Deliver

• No BuyIns.Net Alerts Available for TMI