HOLLYWOOD, Fla., April 08, 2019 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (NASDAQ: NVEE) (“NV5” or the “Company”), a provider of professional and technical engineering and consulting solutions, announced today that it has acquired J.V. Surveying, LLC (“J.V. Surveying”), a land survey and mapping firm based in Phoenix, Arizona. The professionals at J.V. Surveying are licensed in both Arizona and California and specialize in the provision of detailed ALTA surveys and support services to the commercial real estate and telecommunications industries. The acquisition was an all-cash transaction and will be immediately accretive to NV5’s earnings.
Dickerson Wright, PE, Chairman and CEO of NV5, said, “Transactional services like ALTA surveys, environmental studies, and property condition assessments represent a rapidly growing source of recurring revenue for NV5. The acquisition of J.V. Surveying strategically complements our current national ALTA surveying business and solidifies our geographic footprint in the very active Arizona and California markets.”
Jeff Echko, President of Environmental Health Sciences at NV5, commented, “J.V. Surveying will strengthen our position in the western US and provide entry into the attractive telecommunications market while expanding our client base of multi-location and institutional property owners.”
About NV5
NV5 Global, Inc. (NASDAQ: NVEE) is a provider of professional and technical engineering and consulting solutions ranked #45 in the Engineering News Record Top 500 Design Firms list. NV5 serves public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. NV5 primarily focuses on five business verticals: construction quality assurance, infrastructure engineering and support services, energy, program management, and environmental solutions. The Company operates out of more than 100 locations worldwide. For additional information, please visit the Company’s website at www.NV5.com. Also visit the Company on Twitter, LinkedIn, Facebook, and Vimeo.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained in this press release. Such factors include: (a) changes in demand from the local and state government and private clients that we serve; (b) general economic conditions, nationally and globally, and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, or policies; and (e) the “Risk Factors” set forth in the Company’s most recent SEC filings. All forward-looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements, except as required by law.
Contact
NV5 Global, Inc.
Jenna Carrick
Investor Relations Manager
Tel: +1-916-641-9124
Email: ir@nv5.com