Wildcat Capital Fully Exits TIC Solutions, Liquidating $16.56 Million Stake
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 26 2025
0mins
Should l Buy TIC?
Source: NASDAQ.COM
- Complete Exit: Wildcat Capital sold 1.5 million shares of TIC in Q3, valued at approximately $16.56 million, marking a full exit from the company, which previously represented 9.84% of its fund AUM.
- Market Reaction: TIC Solutions recently reported Q3 revenue of $473.9 million, a 56% year-over-year increase, yet Wildcat's exit indicates a cautious stance on the company's valuation despite strong performance.
- Strategic Shift: Wildcat's complete liquidation reflects concerns over TIC's integration complexity and elevated leverage, suggesting that after a transformational year, management may face greater challenges ahead.
- Industry Impact: TIC Solutions delivers specialized testing and inspection services that support operational safety and regulatory compliance, and Wildcat's exit could affect market confidence in the company, especially against the backdrop of its rapid expansion.
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Analyst Views on TIC
Wall Street analysts forecast TIC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TIC is 14.83 USD with a low forecast of 11.50 USD and a high forecast of 17.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 9.000
Low
11.50
Averages
14.83
High
17.00
Current: 9.000
Low
11.50
Averages
14.83
High
17.00
About TIC
TIC Solutions, Inc., formerly Acuren Corporation, is a provider of tech-enabled testing, inspection, certification, and compliance (TICC) engineering, and geospatial services. The Company provides mission-critical services of industrial assets, buildings and public infrastructure. Its Inspection and Mitigation services include inspection and nondestructive testing (NDT) and Rope Access Technician (RAT) solutions. NDT involves the inspection and evaluation of industrial equipment. RAT solutions include industrial trades, such as insulation, coatings and blasting, welding, pipe fitting, hoisting and rigging, and electrical work. Its Consulting Engineering services include engineering design, conformity assessment, infrastructure engineering, building and technology design, environmental consulting, and materials engineering and testing. Its Geospatial services provide data collection, data analytics, and software solutions that support asset management and infrastructure planning.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Complete Liquidation: On February 3, 2026, Bernzott Capital sold 389,330 shares of Hillenbrand, with an estimated transaction value of $10.53 million, reflecting the fund's rapid response to market conditions.
- Asset Value Decline: This transaction resulted in a $10.53 million decrease in the quarter-end position value, showcasing the dual impact of trading activity and share price movement, marking a significant reduction in the company's importance within the fund's asset management.
- Full Exit: Following this trade, Bernzott Capital held zero shares in Hillenbrand, which previously accounted for 5.0% of the fund's assets under management, indicating a complete abandonment of this investment.
- Acquisition Context: The announcement of Hillenbrand's acquisition by Lone Star Funds at $32 per share prompted Bernzott Capital to divest its holdings, as the acquisition premium of approximately 30% significantly diminished the strategic rationale for continuing to hold the stock.
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- Complete Exit: On February 3, 2026, Bernzott Capital Advisors fully liquidated its position in Hillenbrand by selling 389,330 shares for an estimated $10.53 million, reflecting a cautious stance towards the company's market outlook.
- Market Value Impact: The transaction resulted in a $10.53 million decline in Hillenbrand's quarter-end value, indicating investor sentiment deterioration following the acquisition announcement and the stock's price movements.
- Acquisition Context: Hillenbrand announced in October 2025 that it would be acquired by Lone Star Funds for $32 per share in cash, representing a 30% premium, but with the stock trading close to the buyout price, Bernzott opted to exit to pursue better investment opportunities.
- Poor Market Performance: Hillenbrand's stock has declined between 20% to 39% year-to-date in 2025, underperforming the S&P 500 by 21.6 percentage points, prompting investors to reassess their holdings to optimize asset allocation.
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- New Investment Highlight: Cruiser Capital Advisors reported owning 207,607 shares of TIC Solutions valued at approximately $2.76 million as of September 30, 2025, making it the fund's eighth largest holding, indicating a bullish outlook on the company.
- Ownership Proportion Analysis: TIC Solutions accounts for 2.76% of Cruiser Capital's reportable U.S. equity assets totaling $100.19 million, reflecting its increasing significance within the fund's investment portfolio.
- Market Performance: TIC Solutions shares soared to a 52-week high of $14.94 on September 29, 2025, demonstrating positive market sentiment following its merger and rebranding, with projected sales for 2025 expected to reach $1.5 billion, surpassing 2024's $1.1 billion.
- Industry Outlook: TIC Solutions focuses on nondestructive testing and engineering services, leveraging its technical expertise and regulatory compliance to serve industrial and infrastructure clients, positioning itself for further competitive advantage in the rapidly growing specialty services market.
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- New Investment Position: As of September 30, 2025, Cruiser Capital Advisors initiated a new stake of 207,607 shares in TIC Solutions valued at $2.76 million, representing 2.76% of the fund's assets under management, indicating a bullish outlook on the company.
- Increased Holding Significance: This acquisition positions TIC Solutions as the eighth largest holding in Cruiser Capital's portfolio, reflecting the fund's strategic investment approach in the financial and industrial sectors, thereby enhancing its competitive edge in the market.
- Strong Market Performance: TIC Solutions' shares soared to a 52-week high of $14.94 on September 29, 2025, indicating positive market sentiment towards its merger and rebranding strategy, which further enhances its investment appeal.
- Future Growth Expectations: TIC Solutions forecasts sales of $1.5 billion for 2025, surpassing the previous record of $1.1 billion in 2024, showcasing its robust growth potential within the industry.
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- New Investment Highlight: As of September 30, 2025, Cruiser Capital Advisors initiated a new stake of 207,607 shares in TIC Solutions valued at $2.76 million, representing 2.76% of the fund's assets under management, indicating strong confidence in the company.
- Position Change: This investment catapults TIC Solutions into the eighth largest holding of Cruiser Capital, reflecting the fund's strategic focus on the financial and industrial sectors.
- Market Performance: TIC Solutions' stock reached a 52-week high of $14.94 on September 29, 2025, demonstrating positive market sentiment following its merger and rebranding, with projected sales of $1.5 billion for 2025, surpassing the previous year's $1.1 billion.
- Industry Outlook: TIC Solutions specializes in nondestructive testing and compliance services, leveraging its technical expertise and broad geographic footprint to meet complex needs of high-value industrial clients, thereby enhancing its competitive edge in the specialty services industry.
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- Divestment Action: Wildcat Capital Management fully exited its position in TIC Solutions during Q3, liquidating 1.5 million shares with a net change of $16.56 million, indicating a cautious approach towards the company's valuation.
- Stake Reduction: This divestment reduced Wildcat's stake in TIC from 9.84% in the previous quarter to 0%, reflecting a reevaluation of its investment portfolio.
- Company Financial Performance: Despite TIC Solutions reporting Q3 revenue of $473.9 million, a 56% year-over-year increase, Wildcat's exit suggests concerns over the company's integration complexity and elevated leverage.
- Market Reaction: TIC Solutions' stock has declined approximately 19% since its NYSE listing, currently priced at $10.60, indicating market skepticism regarding its future growth potential.
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