Admiral Acquisition, a publicly-listed acquisition vehicle, agreed to acquire Acuren, a North American provider of critical asset integrity services, from American Securities, a private equity firm, for $1.85bn. "American Securities has been a great partner to Acuren. We're looking forward to working with the Admiral team to support Acuren's next phase of growth as a public company. The Admiral team's successful track record of driving value creation for shareholders while providing great jobs for employees, across diverse businesses, particularly industrial services, is well aligned with our long term growth objectives. Our commitment to providing best-in-class services to our clients remains unwavering," Talman Pizzey, Acuren CEO.