Team Industrial Services, Inc. to Locate Headquarters to Sugar Land
Sugar Land, TX - Team Industrial Services, Inc. plans to relocate its global headquarters from Alvin, Texas, to Sugar Land, a move that will bring 100 new jobs.
The new facilities will be located in Granite Towers II on Dairy Ashford Road with a projected move-in date of December 2012.
Team Industrial Services, Inc. will bring 80 jobs with plans to expand to 100 and create more than $1.5 million in new capital investments for the City.
“We are pleased to be relocating our corporate facilities to the Sugar Land area. Sugar Land is a natural fit to our growing company’s needs in a number of dimensions including access to talented and skilled labor as well as the proximity to Houston and other Team facilities in the area. We look forward to being part of the community,” said Phil Hawk, chairman and chief executive officer of Team Industrial Services.
“The City of Sugar Land is excited that an international company such as Team Industrial Services selected Sugar Land for its corporate relocation,” said Mayor James Thompson. “Team is a good fit for the mix of Fortune 500 firms and other well recognized companies located here.”
Team is a leading industrial services company offering an array of specialized services related to the construction, maintenance, and monitoring of pressurized piping and associated systems. It serves customers in the refining, petrochemical, power, pipeline, and other heavy industrial industries. With more than 100 U.S. and international locations, Team is rapidly growing its global footprint across a wide range of industries. The Company currently has service locations in five continents. The company was founded in 1973 and had its initial public offering in 1980. Even with consideration of the recent economic recession, over the last ten years, Team's revenues have grown at a compound annual rate of over 20 percent. Team is part of the Russell 2000 Index. For ten consecutive years, Team has been named one of the Houston 100 Best Companies by the Houston Chronicle. In recent years, Team has also been named to Forbes Magazine's 200 Best Small Companies and Fortune Magazine's 100 Fastest Growing Companies lists.
The City of Sugar Land is an award-winning community 20 miles southwest of Houston. This master-planned community has achieved its sustainable, strong local economy through a strategically focused and aggressive economic development program creating new wealth and jobs. As a regional employment center, the City is home to numerous high-profile regional and international corporations housed in over 22 million square feet of commercial space, including Minute Maid, Schlumberger, Fluor Corporation, Bechtel EO and Aetna. Sugar Land has also uniquely positioned itself as a hub for premium shopping, dining and entertainment. Venues such as the Houston Museum of Natural Science at Sugar Land, Constellation Field, as well as the future concert/performing arts center and Sugar Land Heritage Museum will further establish the community as a cultural and historical destination.