PegasusTSI
PegasusTSI is a privately held Tampa-based EPCm firm, founded in 1998, delivering engineering, procurement, and construction management services to enterprise clients in fertilizers, refining, petrochemicals, specialty chemicals, mining, and government sectors. It now operates alongside the Synertek PPA joint venture with Pares&Alvarez.
- Company typePrivate
- Founded1998
- HeadquartersTampa, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What PegasusTSI does
PegasusTSI Inc. is a privately held Florida-incorporated engineering, procurement, and construction management (EPCm) firm founded in 1998 and headquartered in Tampa. The firm traces its lineage to former incarnations as The Badger Company, Raytheon Engineers & Constructors, and Mustang Tampa, Inc., and delivers comprehensive services — Front End Loading, EPCm, Commissioning & Start-up, Health Safety & Environmental, and Business Strategy — to enterprise clients across fertilizers and inorganic chemicals, refining and petrochemicals, specialty and pine chemicals and polymers, municipal and government, industrial and manufacturing, and environmental sectors. Since 1998, PegasusTSI claims 2,700+ completed projects, 25+ years in operation, a 0% safety incident rate, and a 98.5% average government project evaluation rating.
The company monetizes exclusively through project-based professional services fees, primarily fixed-fee or cost-plus arrangements negotiated per engagement with industrial customers such as Solvay, Takreer, Ma'aden, Mosaic, POTASHCORP, Momentive, Arboris, American Refining Group, and Optimal Group Malaysia. Distribution is direct enterprise field sales driven by senior leadership relationships, with go-to-market support from industry conference participation (e.g., WPC2024) and strategic partnerships with technology licensors and complementary engineering firms, including EPC Engineering & Technologies GmbH, BBA USA Inc., SOFCON, and MECIP Global Engineers. PegasusTSI also maintains engineering design capability in Birmingham, UK, and construction management presence in Al Khobar, Saudi Arabia.
In February 2026, PegasusTSI and Spain-based Pares&Alvarez combined capabilities to form the Synertek PPA joint venture, adding 1,100+ professionals and 2M+ engineering hours per year across a broader industrial footprint. Leadership is split between UK-origin founders Karl Ibadulla and Stuart Singleton (Board of Directors) and a Chilean-origin operating cohort led by CEO Ronald Sepúlveda and Director of Business Development Ricardo Sepúlveda, supported by engineering, projects, and finance functions. The company is privately held with no disclosed institutional investors and generates undisclosed revenue.
PegasusTSI firmographics
Firmographics- Name
- PegasusTSI
- Legal name
- PegasusTSI Inc.
- Website
- https://pegasustsi.com
- Company type
- Private
- Founded year
- 1998
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- PegasusTSI is a privately held Tampa-based EPCm firm, founded in 1998, delivering engineering, procurement, and construction management services to enterprise clients in fertilizers, refining, petrochemicals, specialty chemicals, mining, and government sectors. It now operates alongside the Synertek PPA joint venture with Pares&Alvarez.
- Ownership category
- akta.pro rank
PegasusTSI industry classification
Industry- Product category
- Industrial Engineering Services (EPCm)
- SIC
- Services-Engineering Services (8711)
- akta.pro primary industry
- Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ)
- akta.pro secondary industries
- Construction Management & Delivery (EPCM/CMAR/Design-Build Oversight) (EUANALAE), Mineral Processing Plant Design & EPCM (Flowsheet Development, Piloting & Scale-up) (IMAKALAK)
Keywords
Where PegasusTSI is headquartered
LocationHeadquarters
- HQ city
- Tampa
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
PegasusTSI business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Engineering, Procurement and Construction Management (EPCm) Services: PegasusTSI generates revenue through fee-based professional services contracts for engineering, procurement, and construction management of industrial projects. Revenue is project-based, typically earned through fixed-fee contracts or cost-plus arrangements for FEED, detailed engineering, procurement support, construction management, and commissioning services. Projects range from concept studies to full turnkey project delivery.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
PegasusTSI product offering
Product offeringCore offering
PegasusTSI delivers Engineering, Procurement and Construction Management (EPCm) services for industrial clients across the chemical, petrochemical, oil refining, fertilizer, power, and municipal sectors. The firm executes projects from concept studies and Front End Loading (FEL) through detailed engineering, procurement support, construction management, commissioning, and start-up. Engagements are delivered on a project basis via fixed-fee or cost-plus contracts for enterprise industrial customers worldwide.
Product overview
PegasusTSI is an engineering, procurement, and construction management (EPCm) services company offering a portfolio of service offerings rather than a single unified product or platform. The core services include Front End Loading, Engineering Procurement Construction Management (EPCm), Commissioning & Start-up, Health Safety & Environmental Services, and Business Strategy. These services are delivered across multiple sectors including Fertilizers & Inorganic Chemicals, Refining & Petrochemicals, Specialty Pine Chemicals & Polymers, Municipal & Government, Industrial & Manufacturing, and Environmental. The company has a subsidiary brand called Synertek PPA (formed with Pares&Alvarez) that provides additional scale and international reach with over 1,100 professionals.
Differentiator
Problem solved
Functional benefit
Brands
- Synertek PPA: A joint venture between PegasusTSI, Inc. and Pares&Alvarez offering engineering solutions across multiple industrial sectors including polymers, chemicals, mining, fertilizers, critical materials, oil & gas, energy, wood products, infrastructure, and industrial manufacturing. Synertek PPA delivers over 2 million engineering hours per year with more than 1,100 professionals across all engineering disciplines.
Quantifiable outcome
- Zero safety incident rate across all projects
- +2 more outcomes
Companies that use PegasusTSI
Customer profileNamed customers9 records
Segments6 records
Ideal customer profiles4 records
PegasusTSI technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
PegasusTSI partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Pares&AlvarezcoreCombined technical expertise and international fluency through the creation of Synertek PPA joint venture. The partnership brings together engineering capabilities across multiple industrial sectors including polymers & chemicals, mining, fertilizers, critical materials, oil & gas, energy, wood products, infrastructure, and industrial manufacturing. Synertek PPA delivers over 2 million engineering hours per year with 1,100+ professionals.
- EPC Engineering & Technologies GmbHcoreStrategic collaboration announced at WPC2024 in Houston, Texas. EPC is a German technology provider offering polymer production and recycling technologies. The partnership enables EPC's portfolio of world-class technologies to be made available in the Americas with full-service engineering, procurement, construction and commissioning support from PegasusTSI. The collaboration aims to deliver best practices through international cooperation and provide sustained operating excellence for clients.
- BBA USA Inc.coreBBA USA Inc., a Canada-based engineering firm, was engaged alongside PegasusTSI to complete the bankable feasibility study for HyProMag USA's REE magnet recycling plants and production facility in the United States. PegasusTSI serves as the US-based lead engineer while BBA provides complementary engineering expertise for the HyProMag project.
- SOFCONminorSaudi Arabia-based subcontractor providing additional detailed engineering design, construction management and commissioning services for projects in the region, working in cooperation with PegasusTSI's Tampa and Birmingham offices on the Ma'aden project.
- MECIP Global Engineers Sdn. Bhd.minorLocal partner in Malaysia for the Optimal Group incinerator compliance project, providing on-site support and local market expertise for environmental engineering services.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
PegasusTSI competitors and assessment
Company assessmentBroad incumbents
- Stantec Inc. Canadian-headquartered global engineering, consulting, and construction services firm serving industrial, water, environmental, and infrastructure markets. Comparable horizontal cross-sector model, though more diversified and publicly traded.
- Jacobs Solutions Inc. Global professional services firm with an industrial EPCM practice spanning chemicals, refining, and advanced manufacturing. Comparable in end markets but far larger and more diversified than PegasusTSI.
- KBR, Inc. US-listed engineering and government services firm with a strong EPCM business in refining, petrochemicals, fertilizers, and energy transition. Comparable technology licensor integration model, but at materially larger scale and broader portfolio than PegasusTSI.
- Fluor Corporation: One of the largest global EPC firms serving refining, petrochemicals, chemicals, and mining. Competes for the same large-scale industrial projects PegasusTSI targets, but at much greater scale and with a broader integrated EPC delivery model.
- Bechtel Corporation: Privately held global EPC leader with extensive refining, petrochemical, and chemicals project experience. Competes for the largest industrial megaprojects but is structurally larger and broader than PegasusTSI.
Direct peers
- Burns & McDonnell: US employee-owned engineering, construction, and consulting firm with industrial process, environmental, and power practices. Comparable EPCM service model and US-centric project origination approach, though broader in infrastructure and power verticals than PegasusTSI.
- Wood plc: UK-headquartered engineering and consulting firm with deep EPCM capabilities across refining, petrochemicals, chemicals, and mining — directly overlapping PegasusTSI's core sectors and service mix, including process engineering heritage.
- Worley Limited: Australian-headquartered global EPCM firm focused on energy, chemicals, refining, and mining projects. Comparable to PegasusTSI in core service offering (engineering, procurement, construction management) and customer verticals, though significantly larger in scale.
- Audubon Companies: US-based EPCM services firm focused on process industries — refining, petrochemicals, midstream, and gas processing. Closest direct peer in size, geographic base, and service offering to PegasusTSI's standalone business.
- GHD Group: Global employee-owned engineering, architecture, and environmental services firm serving industrial, municipal, and mining clients. Comparable mid-sized EPCM profile with horizontal cross-sector exposure similar to PegasusTSI's segmentation approach.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
PegasusTSI social profiles
Digital presencePegasusTSI financial estimates
Financial estimateRevenue estimate
Valuation estimate
PegasusTSI leadership team
Management profileNumber of profiles
Profiles7 records
PegasusTSI subsidiaries and ownership
Company hierarchySubsidiaries1 record
PegasusTSI funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PegasusTSI M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PegasusTSI
What does PegasusTSI do?
PegasusTSI delivers Engineering, Procurement and Construction Management (EPCm) services for industrial clients across the chemical, petrochemical, oil refining, fertilizer, power, and municipal sectors. The firm executes projects from concept studies and Front End Loading (FEL) through detailed engineering, procurement support, construction management, commissioning, and start-up. Engagements are delivered on a project basis via fixed-fee or cost-plus contracts for enterprise industrial customers worldwide.
Is PegasusTSI a public or private company?
PegasusTSI is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was PegasusTSI founded?
PegasusTSI was founded in 1998. It employs 101 to 250 people.
Where is PegasusTSI based?
PegasusTSI is headquartered in Tampa, United States, in the North America region.
How does PegasusTSI make money?
One revenue line is on record: engineering, Procurement and Construction Management (EPCm) Services.
Who are PegasusTSI's main competitors?
Broad incumbents on record are Stantec Inc., Jacobs Solutions Inc., KBR, Inc., Fluor Corporation and Bechtel Corporation. Direct peers are Burns & McDonnell, Wood plc, Worley Limited, Audubon Companies and GHD Group.
Does PegasusTSI have an API?
No public API is recorded for PegasusTSI.
What industry is PegasusTSI in?
PegasusTSI's product category is Industrial Engineering Services (EPCm). Its primary akta.pro industry code is EUAMAFAJ, Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE), with a secondary code of EUANALAE, Construction Management & Delivery (EPCM/CMAR/Design-Build Oversight). Its SIC code is 8711.