Nv5 Acquires Fulton Consulting Engineers, Strengthens Mep Design And Energy Efficiency Services
Mar 08, 2022•over 3 years ago
Acquiring Company
NV5
Acquired Company
Fulton Consulting Engineers
Description
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of compliance, technology, engineering, and environmental consulting solutions, announced today that it has acquired Fulton Consulting Engineers (Fulton), a provider of mechanical, electrical, plumbing (MEP) design and energy efficiency services through an asset purchase. Fulton strengthens NV5’s MEP and technology engineering design and energy efficiency capabilities in California and the Southwest and introduces NV5 to new markets and clients. The acquisition 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