Team Industrial Services operating subsidiaries, Team Mechanical Services and Team Cooperheat-MQS, provide specialized industrial maintenance services. Team's subsidiary, Climax Portable Machine Tools, manufactures, sells and rents portable field-machining equipment. Team's subsidiaries operate in more than 40 locations in the United States, as well as Singapore, Aruba and Trinidad. The company licenses its proprietary leak repair and hot tapping techniques and materials to various companies outside the United States and receives a royalty based upon revenues earned by the licensee. Its industrial services, which comprise more than 95 percent of revenues, are provided to more than 2,000 customers, with more than 75 percent of its service revenues coming from energy related industries, including petrochemical, refining and power. Team Industrial s core competencies are in leak repair, hot tapping and emissions control monitoring. After acquisitions in 1999, the company expanded its services to include nondestructive testing inspection services, field machining and technical bolting. The company headquarters is in Alvin, Texas.

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