# InspectionTech Holdings LP — capital_raise [announced]
Source: SEC API (secapi.ai) · situation sit_19e1da91c37b8049378b · retrieved 2026-08-14T01:28:07.711Z

## Overview
Team Inc provides miscellaneous repair services and has received equity investments from Stellex Capital Management and Corre Partners.

InspectionTech Holdings LP acquired 1,604,326 shares of Team Inc common stock from Corre Partners Management, LLC and affiliated funds (Corre Opportunities Qualified Master Fund, LP, Corre Horizon Fund, LP, and Corre Horizon II Fund, LP) for a total purchase price of $56,953,573.00 on August 6, 2026. The transaction closed simultaneously with execution. In connection with the acquisition, the Corre Parties agreed to a standstill period extending until the earlier of six months after they cease holding Team Inc securities and indebtedness, or December 31, 2028 (subject to mutual extension), during which they are prohibited from acquiring additional Team Inc securities, pursuing business combinations, soliciting proxies, forming groups with other stockholders, or seeking board control beyond existing Board Rights Agreement provisions.

## Terms
- Counterparty: Corre Partners Management, LLC and affiliated funds · Deal value: $57.0M · Consideration: cash · Stake: 35.1%

## Key dates
- Announced 2026-08-10

## Timeline
- 2026-08-10 · SCHEDULE 13D (0001493152-26-036886): SCHEDULE 13D - InspectionTech Holdings LP — *Team Inc provides miscellaneous repair services and has received equity investments from Stellex Capital Management and Corre Partners.* InspectionTech Holdings LP acquired 1,604,326 shares of Team Inc common stock from Corre Partners Management, LLC and affiliated funds (Corre Opportunities Qualified Master Fund, LP, Corre Horizon Fund, LP, and Corre Horizon II Fund, LP) for a total purchase price of $56,953,573.00 on August 6, 2026. The transaction closed simultaneously with execution. In connection with the acquisition, the Corre Parties agreed to a standstill period extending until the earlier of six months after they cease holding Team Inc securities and indebtedness, or December 31, 2028 (subject to mutual extension), during which they are prohibited from acquiring additional Team Inc securities, pursuing business combinations, soliciting proxies, forming groups with other stockholders, or seeking board control beyond existing Board Rights Agreement provisions.
  https://www.sec.gov/Archives/edgar/data/2148908/0001493152-26-036886.txt

## Citations
- 0001493152-26-036886 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226036886