Karim Sunghani's questions to Acuren Corp (TIC) leadership • Q2 2025
Question
Karim Sunghani, on behalf of Josh Chan from Baird, asked for more color on the statement that the $20 million cost synergy estimate from the NV5 acquisition is conservative and inquired about where additional synergies might be found beyond corporate functions.
Answer
CFO Kristen Schultes stated that the team is increasingly excited about both revenue and cost opportunities as they learn more, promising a refined, bottoms-up number in November. Executive Chairman Robbie Franklin added that their optimization approach extends from the corporate level down to the local branch level, aiming to cross-sell services across all regions.