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FOR IMMEDIATE RELEASE

Teal strengthens energy and industrial recruitment platform with acquisition of Dovre’s North American operations

St. John’s, NL — February 9, 2026
— Teal, a leading provider of personnel and human resource solutions, today announced the acquisition of Dovre’s North American operations, including Dovre Canada Limited and Dovre Group Inc. (USA). The transaction marks another significant milestone in Teal’s continued growth and expansion across the energy and industrial sectors.

The acquisition builds on Teal’s momentum following its 2025 acquisition of Avara and the launch of Guyana-based joint venture Atlantic Talent Inc., further strengthening the company’s position as a key player in the energy recruitment and project personnel market across North and South America. By integrating Dovre’s established North American operations, Teal expands its capabilities, client base, and geographic reach while deepening its expertise across industrial, oil and gas, and large-scale project environments.

“This acquisition is a natural next step in Teal’s growth strategy,” said Mitch O’Reilly, CEO of Teal. “Following our acquisition of Avara and the launch of Atlantic Talent Inc. in 2025, we’ve been very deliberate about building a scalable, specialized platform for energy and industrial personnel. Bringing Dovre’s North American operations into Teal strengthens our ability to support complex projects, expand our footprint, and deliver even greater value to our clients.”

Dovre’s North American business brings experienced teams, long-standing client relationships, and a strong reputation in project services and consulting. Under Teal’s ownership, the operations will continue to serve existing clients while benefiting from Teal’s broader North American recruitment infrastructure and presence.

The acquisition aligns with Teal’s strategy to grow through targeted investments that enhance sector specialization, expand service offerings, and support clients operating in demanding, project-driven environments.

“With energy and industrial markets continuing to evolve, clients are looking for partners who understand the sector and can scale with them,” added O’Reilly. “This transaction reinforces Teal’s role as a trusted workforce partner in those industries and positions us well for continued growth.”

The transaction was agreed on market terms, and the parties have agreed not to disclose the purchase price. Closing of the transaction is expected to occur during the first quarter of 2026.

About Teal
Teal is a specialized recruitment and workforce solutions provider focused on the energy, industrial, healthcare, and professional services sectors. With a growing presence across North and South America, Teal partners with organizations to build high-performing teams through tailored recruitment, project personnel, and workforce strategies.

For Further Information, Contact:
Chris Dunne | Launch Media
Chris@launchmediaco.ca
709.765.7857

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