Admiral Acquisition completed the acquisition of Acuren from American Securities for $1.85bn.

Admiral Acquisition, a publicly-listed acquisition vehicle, completed the acquisition of Acuren, a North American provider of critical asset integrity services, from American Securities, a private equity firm, for $1.85bn. "We are thrilled to embark on this new chapter as a public company, strengthened by the addition of our newly appointed board of directors led by Sir Martin E. Franklin and Robert A.E. Franklin. This transaction marks a significant milestone in our journey, enhancing our ability to drive growth within the TIC industry. Our robust capital structure and strategic vision position us to seize new opportunities and continue our trajectory of success," Talman Pizzey, Acuren CEO.