TIC Solutions ownership update: Permian-affiliated entities report beneficial ownership of common stock, including 21,945,094 shares (9.9%) held by Permian Investment Partners and related Permian funds. The filing cites 221,153,392 shares outstanding as of March 6, 2026.
The statement is a joint Schedule 13G/A clarifying shared voting and dispositive power across Permian funds and Permian GP, LLC; Permian, as investment adviser, may be deemed to exercise voting and dispositive power for the Managed Accounts. Signatures are provided by an authorized representative.
Positive
None.
Negative
None.
Insights
Permian group holds a notable passive stake in TIC Solutions.
Permian Investment Partners and related funds together report specific holdings such as 21,945,094 shares (9.9%) for Permian Investment Partners, with other fund-level holdings listed separately. The percentages are calculated using March 6, 2026 outstanding shares.
These holdings are presented as shared voting/dispositive power across funds and the GP. Future filings may show changes; the current filing clarifies beneficial‑ownership attribution rather than announcing transactions.
Key Figures
Permian Investment Partners holdings:21,945,094 sharesPercent of class (Permian Investment Partners):9.9%Permian Master Fund holdings:6,564,498 shares+3 more
6 metrics
Permian Investment Partners holdings21,945,094 sharesreported shared voting/dispositive power
Percent of class (Permian Investment Partners)9.9%percent of common stock outstanding
Permian Master Fund holdings6,564,498 sharescover page entry
Permian Nautilus Master Fund holdings4,055,692 sharescover page entry
Permian Treble Master Fund holdings1,781,981 sharescover page entry
Shares outstanding used for percent calc221,153,392 sharesas of March 6, 2026
"This statement is being jointly filed by and on behalf of each of Permian"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
shared dispositive powerregulatory
"Shared Dispositive Power 21,945,094.00"
beneficial ownershipregulatory
"Amount beneficially owned: See Item 9 on the cover page(s) hereto."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
TIC Solutions, Inc.
(Name of Issuer)
Common Stock, par value $0.0001
(Title of Class of Securities)
00510N102
(CUSIP Number)
02/14/2025
(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)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
00510N102
1
Names of Reporting Persons
Permian Investment Partners, LP
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
21,945,094.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
21,945,094.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
21,945,094.00
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)
9.9 %
12
Type of Reporting Person (See Instructions)
IA, PN
SCHEDULE 13G
CUSIP Number(s):
00510N102
1
Names of Reporting Persons
Permian Master Fund, 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
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
6,564,498.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
6,564,498.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
6,564,498.00
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)
3.0 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
00510N102
1
Names of Reporting Persons
Permian Nautilus Master Fund, LP
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
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,055,692.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,055,692.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,055,692.00
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)
1.8 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
00510N102
1
Names of Reporting Persons
Permian Treble Master Fund, LP
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
1,781,981.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,781,981.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,781,981.00
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)
0.8 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
00510N102
1
Names of Reporting Persons
Permian 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
12,402,171.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
12,402,171.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
12,402,171.00
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)
5.6 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
TIC Solutions, Inc.
(b)
Address of issuer's principal executive offices:
200 SOUTH PARK ROAD, SUITE 350, HOLLYWOOD, FLORIDA, 33021.
Item 2.
(a)
Name of person filing:
This statement is being jointly filed by and on behalf of each of Permian Investment Partners, LP, a Delaware limited partnership ('Permian'); Permian Master Fund, L.P., a Cayman Islands limited partnership, Permian Nautilus Master Fund, LP, a Cayman Islands limited partnership, Permian Treble Master Fund, LP, a Delaware limited partnership (collectively 'Permian Funds'); and Permian GP, LLC, a Delaware limited liability company, ('Fund General Partner').
The Permian Funds and separately managed accounts, some of which are structured as private funds (collectively, the 'Managed Accounts'), are the record holders of the securities reported herein. In regard to the Managed Accounts, Permian, as investment adviser to the Managed Accounts, exercises voting and dispositive power over such securities and may be deemed to be the beneficial owner of the securities covered by this statement. The Fund General Partner is the general partner of, and may be deemed to beneficially own securities owned by, Permian Funds. As the investment adviser to Permian Funds and Managed Accounts, Permian may be deemed to beneficially own the securities covered by this statement.
Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this statement.
Each reporting person may be deemed to be a member of a group with respect to the issuer or securities of the issuer for the purposes of Section 13(d) or 13(g) of the Act. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the issuer or otherwise with respect to the issuer or any securities of the issuer or (ii) a member of any group with respect to the issuer or any securities of the issuer.
(b)
Address or principal business office or, if none, residence:
1333 Oak Lawn Ave, Suite 900, Dallas, Texas, 75207
(c)
Citizenship:
See Item 4 on the cover page(s) hereto.
(d)
Title of class of securities:
Common Stock, par value $0.0001
(e)
CUSIP No.:
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:
See Item 9 on the cover page(s) hereto.
(b)
Percent of class:
The percentage calculated in Item 11 is based on 221,153,392 shares of Common Stock outstanding as of March 6, 2026, as reported in the Issuer's Form 10-K filed with the SEC on March 12, 2026.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See Item 5 on the cover page(s) hereto.
(ii) Shared power to vote or to direct the vote:
See Item 6 on the cover page(s) hereto.
(iii) Sole power to dispose or to direct the disposition of:
See Item 7 on the cover page(s) hereto.
(iv) Shared power to dispose or to direct the disposition of:
See Item 8 on the cover page(s) hereto.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
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.
Permian Investment Partners, LP
Signature:
/s/ Britton Brown
Name/Title:
Chief Financial Officer and Chief Compliance Officer
What stake does Permian Investment Partners report in TIC (TIC)?
Permian Investment Partners reports beneficial ownership of 21,945,094 shares, representing 9.9% of common stock. This percentage is calculated using 221,153,392 shares outstanding as of March 6, 2026, per the filing.
How many shares outstanding does TIC report in this filing?
The filing cites 221,153,392 shares outstanding as of March 6, 2026. That figure is the denominator used to calculate the percent ownership listed for the Permian entities in the Schedule 13G/A.
Which Permian entities are joint filers on the Schedule 13G/A for TIC?
The joint filing names: Permian Investment Partners, LP, Permian Master Fund, L.P., Permian Nautilus Master Fund, LP, Permian Treble Master Fund, LP, and Permian GP, LLC, plus managed accounts for which Permian acts as adviser.
Does the filing show sole voting power for Permian over TIC shares?
No. The cover data shows 0 sole voting power and lists shared voting and shared dispositive power amounts (for example, 21,945,094 shared for Permian Investment Partners). The filing attributes control as shared across funds/accounts.
