Team, Inc. has announced the purchase of Leak Repairs Specam ("LRS"), a specialty industrial services company from the GTI Group in the The Netherlands, an affiliate of the Suez Group.

LRS is headquartered in Vlissingen, The Netherlands, with service locations in The Netherlands and Belgium. The company currently provides a range of services similar to those offered by Team's TMS division, including on-stream leak sealing, hot tapping, fugitive emissions monitoring, field machining, and bolting services.

A market leader in the Benelux region, LRS has, for the past twenty years, been a licensee of Team's leak repair, hot tapping, and fugitive emissions technologies. The entire management team of LRS and its 90 employees will join Team.

"We are delighted that the LRS team is joining Team Industrial Services. Given our twenty year relationship, we are very familiar with this high quality company and its management team,” said Phil Hawk, Chairman and CEO of Team, Inc.

“We look forward to building upon this successful business base and service network as we pursue future European growth opportunities," Mr. Hawk concluded.