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Nv5 Acquires Global Realty Services Group, Expands Market Leadership Position In Real Estate Transaction Services

Dec 23, 2021•almost 4 years ago

Acquiring Company

NV5

Acquired Company

Global Realty Services Group

HollywoodNatural ResourcesSustainabilityInformation TechnologyManufacturingProfessional ServicesReal Estate

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 Global Realty Services Group LLC (GRS), a leader in real estate due diligence and transaction services providing property condition assessments, environmental assessments, and zoning services for real estate portfolio transactions. GRS is one of the fastest growing providers of due diligence services and serves commercial mortgage lenders, government-sponsored enterprise agencies, insurance companies, real estate investment trusts, and loan originators. NV5 acquired GRS in an all-cash transaction, and it 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