8-K

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) of
                       THE SECURITIES EXCHANGE ACT OF 1934

                                 Date of Report
                (Date of earliest event reported: April 2, 2004)

                                   TEAM, Inc.
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             (Exact Name of Registrant as Specified in its Charter)

Texas                                   0-9950                        74-1765729
- ----------                            ----------                  --------------
(State or Other Jurisdiction   (Commission File Number)         (I.R.S. Employer
of Incorporation)                                            Identification No.)




                                200 Hermann Drive
                               Alvin, Texas 77511
              (Address of principal executive offices and zip code)

               Registrant's telephone number, including area code
                                 (281) 331-6154
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ITEM 5. OTHER EVENTS

On April 2, 2004, the Registrant disseminated a Press Release announcing it has
signed a definitive agreement to purchase Thermal Solutions, Inc., a
privately-held provider of field heat treating services. The acquisition is
expected to be completed before May 31, 2004. The information contained in the
Press Release dated April 2, 2004 is incorporated herein by reference and
attached as Exhibit 99.1 hereto.

ITEM 7. FINANCIAL STATEMENTS, PROFORMA FINANCIAL INFORMATION AND EXHIBITS

(c) Exhibits.

     99.1 The Registrant's Press Release dated April 2, 2004.






                                    SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                   TEAM, INC.



                                   By:      /s/ Ted W. Owen
                                            -----------------------------
                                            Ted W. Owen
                                            Senior Vice President -
                                            Finance and Administration


Date: April 2, 2004

EX-99.1

                                                                   Exhibit 99.1

Team Inc. Announces Agreement to Purchase Field Heat Treating Company

    ALVIN, Texas--(BUSINESS WIRE)--April 2, 2004--Team Inc. (AMEX:TMI)
announced today that it has signed an agreement to purchase the
outstanding capital stock of Thermal Solutions Inc. (TSI), one of the
leading providers of field heat treating services in the U.S. for
approximately $10.5 million. The transaction, which is subject to
customary due diligence and various approvals, is expected to close
during the fourth quarter of Team's fiscal year ending May 31, 2004.
In calendar 2003, TSI had revenues of about $15 million. The purchase
consideration will be approximately 70% cash and 30% TMI common stock.
    "We are very pleased that Thermal Solutions and its outstanding
organization will be joining the Team industrial service network,"
said Phil Hawk, Team's chairman and CEO. "Field heat treating is a
natural complement to Team's current portfolio of industrial services.
This addition expands the breadth of our service opportunity with
current customers and provides additional market presence to Team in
several specific customer and geographic areas."
    TSI has grown rapidly since its founding in 1997 and now has about
a 12% share in this $130 million domestic market. TSI, a
privately-held company headquartered in Denver, currently operates
from 14 branch offices, with greater concentration in the western U.S.
"We believe that Team's resources will enable TSI to continue to grow
at a sustained or even accelerated growth rate," said Hawk. Team's
information and financial systems will support continued expansion of
the network, enabling the experienced TSI management team to remain
focused on business development and outstanding field service. Access
to Team's network of 40 branch service locations and its extensive
commercial presence throughout the U.S. will also create new growth
opportunities for this business. Thermal Solutions' entire management
group is expected to join Team.
    The management of Team Inc. will host a conference call today,
April 2, 2004, at 2:00 p.m. Eastern Time (1:00 p.m. Central) to
discuss the TSI acquisition. The call will be broadcast over the Web
by VCALL and can be accessed on Team's Web site,
www.teamindustrialservices.com. Individuals wishing to participate in
the conference call by phone can dial 888-896-0862 and ask to join the
"Team IR" call.
    Team Inc. is a professional, full-service provider of specialty
industrial services. Team's current industrial service offering
encompasses on-stream leak repair, hot tapping, fugitive emissions
monitoring, field machining, technical bolting, NDT inspection, and
field valve repair. All these services are required in maintaining
high temperature, high pressure piping systems and vessels utilized
extensively in the refining, petrochemical, power, pipeline, and other
heavy industries. Headquartered in Alvin, Texas, the Company operates
in over 40 customer service locations throughout the United States.
The Company also serves the international market through both its own
international subsidiaries as well as through licensed arrangements in
14 countries. Team Inc. common stock is traded on the American Stock
Exchange under the ticker symbol "TMI".
    Any forward-looking information contained herein is being provided
in accordance with the provisions of the Private Securities Litigation
Reform Act. Such information is subject to certain assumptions and
beliefs based on current information known to the Company and is
subject to factors that could result in actual results differing
materially from those anticipated in any forward-looking statements
contained herein. Such factors include domestic and international
economic activity, interest rates, and market conditions for the
Company's customers, regulatory changes and legal proceedings, and the
Company's successful implementation of its internal operating plans.
Accordingly, there can be no assurance that any forward-looking
statements contained herein will occur or that objectives will be
achieved.
    For additional information, contact Philip J. Hawk or Ted W. Owen
at 281-331-6154.

    CONTACT: Team Inc., Alvin
             Ted W. Owen, 281-331-6154