Furmanite Corporation (FRM)

Furmanite LLC, together with its subsidiaries, provides specialized technical services. It operates in two segments, Technical Services and Engineering & Project Solutions. The Technical Services segment offers on-line services, including leak sealing, hot tapping, line stopping, line isolation, composite repair, valve testing, and non-destructive testing and inspection; off-line services, such as on-site machining, heat treatment, bolting, valve repair, and other non-destructive testing and inspection services; and other services comprising SmartShim services, concrete repair, engineering services, valves and other products, and manufacturing. This segment offers its services and products primarily to electric power generating plants, refineries and off-shore drilling rigs, and chemical plants and other process industries. The Engineering & Project Solutions segment provides project planning, professional engineering, downstream non-destructive testing and inspection, construction management, mechanical integrity, field support, quality assurance, and plant asset management services, as well as inspection and project management services. This segment offers its services to refining and petrochemical operators, as well as maintenance, and engineering and construction contractors serving the downstream and midstream oil and gas markets. The company has operations in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Furmanite LLC was founded in 1952 and is headquartered in Houston, Texas. As of February 29, 2016, Furmanite LLC operates as a subsidiary of Team, Inc.