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Nv5 Acquires Fulton Consulting Engineers, Strengthens Mep Design And Energy Efficiency Services

Mar 08, 2022over 3 years ago

Acquiring Company

NV5

Acquired Company

Fulton Consulting Engineers

HollywoodNatural ResourcesSustainabilityInformation TechnologyManufacturingProfessional ServicesProfessional Services

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.

Company Information

Company

NV5

Location

Hollywood, Florida, United States

About

NV5 Global, Inc. (NASDAQ: NVEE) is a provider of technology, conformity assessment, and consulting solutions for public and private sector clients supporting sustainable infrastructure, utility, and building assets and systems. The Company focuses on multiple verticals: construction quality assurance, infrastructure engineering, utility services, buildings & technology, environmental health sciences, and geospatial technology services to deliver innovative, sustainable solutions to complex issues and improve lives in our communities. NV5 operates out of more than 100 offices nationwide and abroad..

M&A Insights

Based on deal data
Integration 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