Nv5 To Acquire Optimal Energy, Expanding Energy Efficiency Consulting Capabilities
Acquiring Company
NV5
Acquired Company
Optimal Energy
HollywoodManufacturingInformation TechnologyProfessional ServicesSustainabilityNatural ResourcesEnergySustainabilityGovernment And MilitaryDescription
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of compliance, technology, engineering, and environmental consulting solutions, announced today that it is expected to acquire Optimal Energy, Inc. (Optimal) with a close date before December 31st. Optimal is an energy efficiency firm providing a full range of consulting services to government agencies, utilities, regulatory bodies, and state energy advisory councils. Optimal specializes in advising state energy efficiency advisory councils on program planning, cost-benefit analysis, and strategic guidance. The Company also assists utilities with integrating statewide and local energy efficiency mandates into their business models. The acquisition will be made with a combination of cash and stock and will be immediately accretive to NV5’s earnings.
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Frequently asked
Who acquired Optimal Energy?
Optimal Energy was acquired by NV5, based in Hollywood. The deal was reported on December 30, 2021. NV5 Global, Inc. NV5 is privately held and operates in Manufacturing.
When did NV5 acquire Optimal Energy?
NV5's acquisition of Optimal Energy was reported on December 30, 2021. NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of compliance, technology, engineering, and environmental consulting solutions, announced today that it is expected to acquire Optimal Energy, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Optimal Energy do?
Optimal Energy, Inc. is an energy consultancy focused on energy‐efficiency, demand management, and renewable energy as integrated resources for utilities, state agencies, and other energy efficiency program administrators. It is privately held, operating in Energy.
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