[SCHEDULE 13G/A] Acuren Corporation SEC Filing

Rhea-AI Filing Summary

Gates Capital and affiliated persons reported a 6.4% stake in Acuren Corporation (CUSIP 00510N102). The filing shows Gates Capital Management, L.P., Gates Capital Management GP, LLC, Gates Capital Management, Inc., and Jeffrey L. Gates together beneficially own 7,771,068 shares, representing 6.4% of the 121,476,215 shares outstanding used for the calculation. All reported shares are held with shared voting and shared dispositive power, with no sole voting or dispositive power. The statement certifies the securities are held in the ordinary course of business and not to influence control of the issuer.

Positive

• Material, transparent disclosure: Gates Capital timely reported a 6.4% stake (7,771,068 shares) in Acuren, increasing investor transparency.
• Joint filing clarifies responsibilities: Affiliates and Jeffrey L. Gates executed a joint filing agreement, streamlining amendment obligations and liability allocation.

Negative

• No sole voting power: Reporting persons hold 0 shares with sole voting power, limiting direct control influence.
• No stated intent to influence control: The certification affirms holdings are in the ordinary course and not intended to change issuer control, so no immediate governance changes are indicated.

Insights

Financial Analyst

TL;DR: A 6.4% stake by an investment manager is material and worth monitoring for potential influence on shareholder dynamics.

The filing discloses a meaningful minority position of 7,771,068 shares, calculated on 121,476,215 shares outstanding as of May 9, 2025. Because the position is held with shared voting and dispositive power and reported under Schedule 13G/A, Gates Capital presents itself as an investment adviser keeping a passive posture rather than seeking control. This level of ownership may affect liquidity and could make Gates Capital a visible holder in any future corporate actions or proxy context, though no explicit intent to influence control is stated.

Corporate Governance Expert

TL;DR: Joint filing by affiliated entities clarifies governance roles; absence of sole voting power limits direct control.

The joint Schedule 13G/A clarifies that Gates Capital and related entities jointly beneficially own 6.4% of Acuren with no sole voting or dispositive power. The joint filing agreement assigns filing responsibility among the reporting persons and documents shared authority. Because the filing is under Schedule 13G/A and includes a certification that the holdings are ordinary-course passive investments, the disclosure signals transparency without an expressed plan to change board control or pursue activist actions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Acuren Corporation

(Name of Issuer)

Common Stock, par value .0001 per share

(Title of Class of Securities)

00510N102

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 00510N102

1

Names of Reporting Persons

Gates Capital Management, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 7,771,068.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 7,771,068.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,771,068.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.4 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

CUSIP No. 00510N102

1

Names of Reporting Persons

Gates Capital Management GP, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 7,771,068.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 7,771,068.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,771,068.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.4 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 00510N102

1

Names of Reporting Persons

Gates Capital Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 7,771,068.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 7,771,068.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,771,068.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.4 %

12

Type of Reporting Person (See Instructions)

IA, CO

SCHEDULE 13G

CUSIP No. 00510N102

1

Names of Reporting Persons

Jeffrey L. Gates

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 7,771,068.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 7,771,068.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,771,068.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.4 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Acuren Corporation
(b)	Address of issuer's principal executive offices: 14434 Medical Complex Drive, Suite 100, Tomball, Texas 77377
Item 2.
(a)	Name of person filing: This Statement is filed by each of the entities and persons listed below, all of whom together are referred to herein as the "Reporting Persons": (i) Gates Capital Management, L.P., a Delaware limited partnership ("Gates Capital"), with respect to the shares of Common Stock held by certain funds as to which Gates Capital serves as investment manager (the "Gates Capital Funds"); (ii) Gates Capital Management GP, LLC, a Delaware limited liability company ("the General Partner"), which is the general partner of Gates Capital, with respect to the shares of Common Stock directly held by the Gates Capital Funds; (iii) Gates Capital Management, Inc., a Delaware corporation ("the Corporation"), is the managing member of the General Partner, with respect to the shares of Common Stock directly held by the Gates Capital Funds; and (iv) Jeffrey L. Gates, a United States citizen, who serves as the President of the Corporation, with respect to the shares of Common Stock directly held by the Gates Capital Funds.
(b)	Address or principal business office or, if none, residence: The address of the principal business office of each of the Reporting Persons is c/o Gates Capital Management, L.P., 1177 Avenue of the Americas, 46th Floor, New York, New York 10036.
(c)	Citizenship: (i) Gates Capital - a Delaware limited partnership (ii) The General Partner - a Delaware limited liability company (iii) The Corporation - a Delaware corporation (iv) Jeffrey L. Gates - a United States citizen The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for purposes of Section 13 of the Act, the beneficial owner of the Common Stock reported herein.
(d)	Title of class of securities: Common Stock, par value .0001 per share
(e)	CUSIP No.: 00510N102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 7,771,068
(b)	Percent of class: 6.4 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 7,771,068
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 7,771,068 The percentage set forth this SCHEDULE 13G/A is calculated based upon the 121,476,215 shares of Common Stock issued and outstanding as of May 9, 2025 as in the Company's Form 10-Q filed with the Securities and Exchange Commission on May 15, 2025 The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Gates Capital Management, L.P.

Signature:	/s/ Jeffrey L. Gates
Name/Title:	Jeffrey L. Gates- President
Date:	08/14/2025

Gates Capital Management GP, LLC

Signature:	/s/ Jeffrey L. Gates
Name/Title:	Jeffrey L. Gates- President
Date:	08/14/2025

Gates Capital Management, Inc.

Signature:	/s/ Jeffrey L. Gates
Name/Title:	Jeffrey L. Gates- President
Date:	08/14/2025

Jeffrey L. Gates

Signature:	/s/ Jeffrey L. Gates
Name/Title:	Jeffrey L. Gates
Date:	08/14/2025

Exhibit Information

EXHIBIT 1 JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on SCHEDULE 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on SCHEDULE 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate. DATE: August 14, 2025 Gates Capital Management, L.P. By: Gates Capital Management GP, LLC, its general partner By: Gates Capital Management, Inc., its managing member By: /s/ Jeffrey L. Gates Name: Jeffrey L. Gates Title: President Gates Capital Management GP, LLC By: Gates Capital Management, Inc., its managing member By: /s/ Jeffrey L. Gates Name: Jeffrey L. Gates Title: President Gates Capital Management, Inc. By: /s/ Jeffrey L. Gates Name: Jeffrey L. Gates Title: President Jeffrey L. Gates By: /s/ Jeffrey L. Gates

FAQ

What stake did Gates Capital report in Acuren Corporation (TIC)?

The reporting persons jointly beneficially own 7,771,068 shares, representing 6.4% of Acuren's common stock.

How was the 6.4% ownership calculated?

The percentage is based on 121,476,215 shares outstanding as of May 9, 2025, as disclosed in the filing.

Do the reporting persons have voting control over the shares?

No single reporting person has sole voting power; all 7,771,068 shares are reported with shared voting power and shared dispositive power.

Was the Schedule 13G/A filed as passive or activist?

The filing includes a certification that the securities are held in the ordinary course of business and were not acquired to change or influence control, consistent with a passive Schedule 13G/A filing.

Who signed the filing and when?

The filing was signed by Jeffrey L. Gates in his capacities with Gates Capital entities on August 14, 2025.