TIC Holdings
TIC Holdings, operating as TIC – The Industrial Company, is a privately held, North America-focused direct-hire EPC contractor serving power, oil/gas/chemical, industrial, mining and marine markets. It is a subsidiary of Kiewit Corporation and self-performs civil, mechanical, electrical and process work for major industrial owners.
- Company typePrivate
- Founded1974
- HeadquartersSteamboat Springs, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What TIC Holdings does
TIC Holdings, operating as TIC – The Industrial Company, is a privately held direct-hire general contractor and one of North America's largest industrial construction firms, founded in 1974 in Steamboat Springs, Colorado by Ron McKenzie and 20 partners and now a subsidiary of Kiewit Corporation. The company self-performs the majority of its project scope — civil, structural steel, mechanical, process piping, electrical, instrumentation and controls — and operates integrated engineering, procurement and construction (EPC) services from front-end loading through commissioning and startup. Its physical asset base is differentiated: a 12,500-ton rated capacity lifting device (the largest onshore unit in the Western Hemisphere), an Ingleside, Texas Gulf Coast fabrication facility with deep-water access accommodating the world's largest float-on/float-off vessel, North America's largest privately owned construction equipment fleet, and NCCER-accredited craft training across seven disciplines from a 150,000-square-foot Aurora, Colorado training center.
The company serves five primary markets: Power and Renewable Energy (solar, BESS, hydrogen, geothermal, carbon capture, offshore wind, commercial nuclear, natural gas); Oil, Gas and Chemical (refineries, LNG, petrochemicals, gas processing, renewable fuels); Industrial (mineral processing, advanced technologies including data centers, semiconductors and EV batteries, process industries); Mining and Minerals (precious metals, rare earths, critical minerals); and Marine and Heavy Civil (lock and dam repairs, docks, wharfs, piers, dredging, bridges). It sells primarily through direct enterprise field sales to project owners, often as part of joint ventures with Kiewit, Kiewit Power Engineers, Chiyoda, Sargent & Lundy, or Mitsubishi Heavy Industries, executing large lump-sum, cost-plus and EPC contracts. Notable projects include the 1-GW Samson Solar Energy Center, the $480M Petra Nova carbon capture project, the GCGV 1.8 MTPA ethylene plant with CKJV, the Freeport LNG restoration, and continuous maintenance at the Belridge producing complex since 2001.
Operating across the United States, Canada and Mexico with offices and yards in Colorado, Florida, Georgia, Kansas and Texas and a directly employed craft workforce averaging over 30 million man-hours annually, TIC generates revenue under one-time project contracts supplemented by recurring maintenance and general services contracts with long-term industrial owners; the company does not publicly disclose its revenue given its private ownership under Kiewit Corporation.
TIC Holdings firmographics
Firmographics- Name
- TIC Holdings
- Legal name
- TIC – The Industrial Company
- Website
- https://ticus.com
- Company type
- Private
- Founded year
- 1974
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- TIC Holdings, operating as TIC – The Industrial Company, is a privately held, North America-focused direct-hire EPC contractor serving power, oil/gas/chemical, industrial, mining and marine markets. It is a subsidiary of Kiewit Corporation and self-performs civil, mechanical, electrical and process work for major industrial owners.
- Ownership category
- akta.pro rank
TIC Holdings industry classification
Industry- Product category
- Industrial Construction Services
- NAICS
- Engineering Services (541330), Architectural, Engineering, and Related Services (5413)
- SIC
- Services-Engineering Services (8711)
- akta.pro primary industry
- Metals & Steel Mill Facility Construction (IMAFADAF)
- akta.pro secondary industries
- Steelwork & Fabrication Facilities (Plate/Section Processing, Welding Lines) (IMAJALAH), Transmission line EPC & construction (overhead) (EUADAKAA)
Keywords
Where TIC Holdings is headquartered
LocationHeadquarters
- HQ city
- Steamboat Springs
- HQ country
- United States
- HQ region
- North America
Offices8 records
Markets served
TIC Holdings business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Infrastructure, Operations, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- General Construction Contracting: TIC operates as a direct-hire general contractor providing construction services for major industrial projects. Revenue is generated through lump-sum, cost-plus, and EPC (engineer-procure-construct) contracts for projects of various sizes across multiple industrial markets.
- EPC (Engineer-Procure-Construct) Services: Full-project-delivery solutions from front-end loading (FEL) through EPCC including engineering, procurement, construction, commissioning and startup. Revenue is generated through comprehensive project contracts.
- Marine and Heavy Civil Construction: Self-performed marine and heavy civil operations including lock and dam repairs, docks, demolition, Navy wharfs, water intake structures, piling, fender systems, dolphins, piers, dredging, marinas, bridges, tunnels, and Levee construction.
- Maintenance and General Services: General services and maintenance, substation installations and high voltage testing for the chemical, power and refining industries.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels3 records
TIC Holdings product offering
Product offeringCore offering
TIC is a direct-hire general contractor providing world-class construction services for major industrial projects across North America. The company self-performs civil, structural steel, mechanical, process piping, electrical, instrumentation and controls work, and delivers full-project solutions from front-end loading (FEL) through engineering, procurement, construction and commissioning (EPC) across the power, oil/gas/chemical, industrial/mining, and marine/heavy civil markets. Services are backed by North America's largest privately owned equipment fleet, in-house fabrication (including a 12,500-ton lifting device and Texas Gulf Coast float-on/float-off facility), and NCCER-accredited craft training programs.
Product overview
TIC – The Industrial Company provides world-class construction services for major industrial projects across North America. The company operates as a direct-hire general contractor serving the power, oil/gas/chemical, industrial, mining/minerals, and marine/heavy civil markets. Services include integrated engineering, procurement and construction (EPC) solutions, general services and maintenance, substation installations, and high voltage testing. The company also operates an NCCER-accredited craft training program with a 150,000-square-foot training center. TIC self-performs the majority of its work including civil, structural steel, mechanical, process piping, electrical and instrumentation, and controls. With in-house fabrication capabilities and access to North America's largest privately owned equipment fleet, TIC delivers projects from feasibility through construction and commissioning.
Differentiator
Problem solved
Functional benefit
Brands
- TIC Craft App: A mobile application providing craft news and updates for TIC professionals.
Quantifiable outcome
- Over 30 million man-hours averaged annually over past five years with direct-hire labor force
- +4 more outcomes
Companies that use TIC Holdings
Customer profileNamed customers19 records
Segments5 records
Ideal customer profiles4 records
TIC Holdings technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
TIC Holdings partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Kiewit and Chiyoda International Corporation (CKJV)coreCKJV, a partnership between Kiewit and Chiyoda, was awarded the EPC contract to design and build the GCGV 1.8 MTPA ethylene plant in Gregory, Texas. TIC was contracted to construct the olefins portion as part of this partnership. This represents a core strategic partnership for large-scale petrochemical projects.
- Mitsubishi Heavy Industries (MHI)coreTIC and consortium partner MHI were contracted by NRG Energy and JX Nippon Oil & Gas Exploration to engineer, procure, and construct the Petra Nova Carbon Capture Project. TIC completed site work, civil work, piping, electrical and instrumentation, turnover, and completion scopes while MHI provided major equipment including the 380 ft. tall CO2 absorber tower.
- Kiewit and Sargent & Lundy LLCcoreTeam of TIC, Kiewit and Sargent & Lundy LLC was selected to engineer, procure and construct the La Cygne Generating Station Environmental Retrofit for KCP&L and Westar Energy. TIC served as the general contractor with engineering support from partners.
- Kiewit Power EngineerscoreTIC operates in joint venture with Kiewit Power Engineers for power plant EPC contracts including Chouteau Power Plant (250 MW combined cycle), Wayne County Combined Cycle (950 MW), Elk Station Units 2 & 3, and other projects.
- IbbersonminorIbberson is a TIC subsidiary that provides design, engineering and construction services for industrial facilities including grain export terminals. They performed primary materials handling systems work for Port Allen Export Terminal and Convent Grain Export Terminal.
Scale indicators11 records
Recent moves7 records
Expansion highlights6 records
TIC Holdings competitors and assessment
Company assessmentDirect peers
- Zachry Group: Zachry is a privately held industrial and power EPC contractor with strong capabilities in power generation and process industries. It is a closely comparable peer in scale and EPC model, competing for many of the same power and industrial projects TIC targets.
- Primoris Services: Primoris provides construction, maintenance, and specialty services across utilities, energy, and civil infrastructure in North America, with direct overlap to TIC in power, pipeline, and industrial construction. The firm competes for many of the same mid- to large-cap industrial project contracts.
- Quanta Services: Quanta is a leading utility-scale infrastructure construction firm with a self-perform labor model spanning electric power, oil & gas pipelines, and renewable energy. Comparable to TIC in transmission/distribution, pipeline facility, and renewable EPC project delivery for large enterprise and utility clients.
- Mortenson Construction: Mortenson is a privately held U.S. construction firm with strong EPC and self-perform capabilities in power, renewable energy, data centers, and industrial markets. It competes directly with TIC on large-scale renewable, power, and advanced industrial project scopes.
- MasTec: MasTec is one of the largest North American infrastructure construction firms serving the energy, utility, communications, and oil & gas end markets with self-perform capabilities. It directly overlaps with TIC in power delivery, oil & gas pipeline and processing, and clean energy infrastructure construction across the same geographies.
Broad incumbents
- Bechtel Corporation: Bechtel is a privately held global EPC leader in LNG, petrochemicals, power, and civil infrastructure. It competes with TIC on the largest North American LNG and power EPC scopes. Bechtel's scale and international footprint extend well beyond TIC's North America industrial focus.
- AECOM: AECOM is a global infrastructure consulting and engineering firm with design and program management capabilities across energy, environment, and transportation. Relevant overlap with TIC's EPC engineering front-end and preconstruction scopes for industrial clients.
- Fluor Corporation: Fluor is a global EPC incumbent with deep capabilities in oil & gas, petrochemicals, LNG, mining, and increasingly renewables. TIC competes with Fluor on large LNG and petrochemical EPC bids (e.g., Freeport LNG restoration) but Fluor is much larger and more diversified across geographies and end markets.
- KBR Inc. KBR is a global engineering and government services firm with EPC capabilities in energy, petrochemicals, and sustainable solutions. It offers overlapping EPC and engineering services for the same industrial client base, though with a heavier government services mix than TIC.
- Jacobs Solutions: Jacobs delivers engineering, technical, and construction management services across energy, water, and advanced manufacturing. It is comparable to TIC's EPC engineering and project management scope, though Jacobs leans more on professional services and PMC rather than self-perform construction.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
TIC Holdings social profiles
Digital presenceTIC Holdings financial estimates
Financial estimateRevenue estimate
Valuation estimate
TIC Holdings leadership team
Management profileNumber of profiles
TIC Holdings subsidiaries and ownership
Company hierarchySubsidiaries1 record
TIC Holdings funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TIC Holdings 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 TIC Holdings
What does TIC Holdings do?
TIC is a direct-hire general contractor providing world-class construction services for major industrial projects across North America. The company self-performs civil, structural steel, mechanical, process piping, electrical, instrumentation and controls work, and delivers full-project solutions from front-end loading (FEL) through engineering, procurement, construction and commissioning (EPC) across the power, oil/gas/chemical, industrial/mining, and marine/heavy civil markets. Services are backed by North America's largest privately owned equipment fleet, in-house fabrication (including a 12,500-ton lifting device and Texas Gulf Coast float-on/float-off facility), and NCCER-accredited craft training programs.
Is TIC Holdings a public or private company?
TIC Holdings is a private company. It is classified as corporate owned and is currently operating.
When was TIC Holdings founded?
TIC Holdings was founded in 1974. It employs 1,001 to 5,000 people.
Where is TIC Holdings based?
TIC Holdings is headquartered in Steamboat Springs, United States, in the North America region.
How does TIC Holdings make money?
Four revenue lines are on record. General Construction Contracting is the primary driver. The others are EPC (Engineer-Procure-Construct) Services, marine and Heavy Civil Construction and maintenance and General Services.
Who are TIC Holdings's main competitors?
Direct peers on record are Zachry Group, Primoris Services, Quanta Services, Mortenson Construction and MasTec. Broad incumbents are Bechtel Corporation, AECOM, Fluor Corporation, KBR Inc. and Jacobs Solutions.
Does TIC Holdings have an API?
No public API is recorded for TIC Holdings.
What industry is TIC Holdings in?
TIC Holdings's product category is Industrial Construction Services. Its primary akta.pro industry code is IMAFADAF, Metals & Steel Mill Facility Construction, with a secondary code of IMAJALAH, Steelwork & Fabrication Facilities (Plate/Section Processing, Welding Lines). Its NAICS code is 541330 and its SIC code is 8711.