Nv5 Acquires Bromley Cook Engineering, Strengthens Forensics Engineering And Florida Storm Hardening Services
Jan 31, 2023•almost 3 years ago
Acquiring Company
NV5
Acquired Company
Bromley Cook Engineering
Description
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today that it has acquired Bromley Cook Engineering (Bromley Cook), a leading provider of forensics, specialty structural engineering, and waterproofing to support facilities and infrastructure throughout Florida. Headquartered in Fort Lauderdale, Bromley Cook’s engineers and inspectors have worked on the design, renovation, and preservation of some of the state’s most prestigious projects. The acquisition was made with a combination of cash and stock and will be immediately accretive to NV5’s earnings.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed