Testing, Inspection, Certification & Compliance: Market Observations and Performance Following Past Disruptions

As we share in our new report, the Testing, Inspection, Certification & Compliance (TICC) sector benefits from strong tailwinds that are driving long-term growth across end markets—even in today’s challenging environment.

Both consumers and businesses are increasingly focused on quality and transparency in the products they consume and use. For their part, manufacturers appreciate the independence, impartiality, expertise and integrity inherent to third-party TICC providers, as well as the value proposition of outsourcing.

Aging infrastructure is another factor, driving the need for predictive monitoring and inspection to verify asset integrity and maintain safety.

All of these demand drivers are heightened by new and evolving government regulations and industry standards, which often increase the need for TICC services.

Leading TICC providers have worked hard to remain highly relevant during the COVID-19 crisis. Some have begun offering remote audits and virtual classrooms, while others are bundling services and adjusting certification cycles to boost the value they deliver to customers.

Such relevance contributes to long-term resilience: As shown in the figure, over the last two decades major TICC players have demonstrated strength through challenging times.

Historical Financial Performance (2000-2019)

ticc-market-observations-graph-1v2.pngSource: S&P CapIQ

Combine that resilience with significant market fragmentation, and it’s clear why TICC is on the radar of so many buyers. In this new report, get the full details on this opportunity, including:

  • Key trends in the space impacting investment theses
  • Recent public market performance and earnings call excerpts
  • Volume and value of acquisitions in the subsector every year between 2000 and 2019
  • Sector performance through past recessions and lessons learned

To learn more, download the full report.

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Luke Semple, Managing Director, Energy, Power & Infrastructure Group

Brian Lucas, Managing Director, Business Services Group

Erik Szyndlar, Managing Director, Technology, Media & Telecom Group

Ian Thomas, Director, Energy, Power & Infrastructure Group

Published July 2020

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