Team, Inc. Statement Regarding Engine Capital Letter
SUGAR LAND, Texas, Sept. 12, 2017 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE:TISI) ("Team," "we," "our," or the "Company") today confirmed that it has received a letter from Engine Capital. Team regularly engages with its shareholders in the ordinary course of its business. The Company appreciates constructive input from its shareholders and takes their views seriously. The Board of Directors is in the process of evaluating the important issues raised in the Engine Capital letter and intends to respond as soon as it determines the appropriate courses of action.
About Team, Inc.
Headquartered near Houston, Texas, Team, Inc. is a leading provider of specialty industrial services, including inspection and assessment, required in maintaining and installing high-temperature and high-pressure piping systems and vessels that are utilized extensively in the refining, petrochemical, power, pipeline and other heavy industries. Team offers these services across its 220 branch locations and more than 20 countries throughout the world. For more information, please visit www.teaminc.com.
Greg L. Boane
Chief Financial Officer
Source: Team, Inc.
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