Stellex-Led Group Acquires 35.1% of Team Inc. for $57M, Reshaping Control
TISI sits 34% above its 52-week low of $12.34 on elevated volume (2.3× avg).
Summary
Stellex Capital's InspectionTech acquired a 35.1% stake in Team Inc. from Corre Partners for $57 million, consolidating control and sidelining a prior activist shareholder.
Updates
· SEC SCHEDULE 13D/A — Corre Partners decreased its beneficial ownership limitation to 4.99% on August 7, 2026, and is no longer a Schedule 13D reporting person.
Key Events · Ownership and Investor Activity · TISI
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Block Acquisition
InspectionTech Holdings LP bought 1,604,326 shares (35.1% of outstanding) from Corre Partners for $56,953,573, or approximately $35.50 per share.
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Control Consolidation
The Stellex group now holds 35.1% of common equity, plus Series B preferred stock and warrants, giving it effective control over the company.
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Corre Sidelined
Corre agreed to a standstill, waived most board rights (including observer and nomination rights), and must consult Stellex on any remaining director designee.
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Strategic Implications
The filing states the group may explore extraordinary transactions, including a take-private, mergers, or asset sales, signaling potential major corporate changes.
Analysis · TISI · Trade & Services
In a move that reshapes Team Inc.'s ownership, InspectionTech Holdings LP—backed by Stellex Capital—acquired 1.6 million shares from Corre Partners for $57 million, securing a 35.1% stake. The transaction sidelines Corre as an activist force through a standstill agreement and the waiver of most board rights, while Stellex cements effective control via its existing preferred stock and warrant position. This consolidation of power comes after a year of financial restructuring and CEO stock purchases, and it positions the group to pursue transformative moves, including a potential take-private or other strategic shifts.
How filings like this one have moved
In the 30 days to Nov 2, 2026, 49.5% of the 190 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.29%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TISI was trading at $16.55 on NYSE in the Trade & Services sector, with a market capitalization of approximately $75.7M. The 52-week trading range was $12.34 to $19.99. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.