NV5 Acquires PES Environmental, Enhances Environmental Sustainability Capabilities
May 17 2021 - 8:00AM
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a
provider of compliance, technology, and engineering consulting
solutions, announced today that it has acquired PES Environmental,
Inc. (“PES Environmental”), an environmental engineering and
consulting company providing environmental site assessment, water
resources and stormwater management, permitting and compliance,
industrial hygiene, and litigation support services. The
acquisition was made with a combination of cash and stock and will
be immediately accretive to NV5’s earnings.
Founded in 1989, PES Environmental’s 56 engineers and
environmental scientists help public and private sector clients
meet their environmental compliance, permitting, and sustainability
goals. PES Environmental’s extensive track record with water
resources, ground water, and storm water management projects will
offer immediate support to NV5’s infrastructure services as well as
the energy and testing and inspection business lines.
“We have actively expanded NV5’s nationwide capabilities in
recent years to support our clients’ environmental and
sustainability initiatives, including sustainable infrastructure,
clean energy, energy efficiency, environmental compliance, and
water and natural resource management,“ said Dickerson Wright, PE,
Chairman and CEO of NV5. “PES Environmental’s strong management
team, regulatory expertise, and robust client portfolio make it a
good fit for the continued expansion of our environmental
platform.”
“PES Environmental will support our comprehensive suite of
offerings with additional technical capabilities in high-margin
services that we may have otherwise subcontracted,” said Lisa Kay,
Chief Operation Officer of NV5’s Environmental Health Sciences.
“We are excited to join NV5 and its growing Environmental Health
Sciences vertical as it provides expanded service offerings for our
clients and vast new career opportunities for our valued
employees,” said Daniel Balbiani, PE, President of PES
Environmental.
About PES EnvironmentalPES Environmental, Inc.
is a multi-disciplinary environmental engineering and consulting
firm. For over 30 years, PES Environmental’s experienced
environmental engineers, geologists, hydrogeologists, and
consultants have helped public and private sector clients achieve
regulatory compliance and meet their environmental and
sustainability goals.
About NV5NV5 Global, Inc. (NASDAQ: NVEE) is a
provider of compliance, technology, and engineering consulting
solutions for public and private sector clients supporting
infrastructure, utility, and building assets and systems. The
Company primarily focuses on six business verticals: testing,
inspection & consulting, infrastructure engineering, utility
services, buildings & program management, environmental health
sciences, and geospatial technology services. NV5 operates out of
more than 100 offices nationwide and abroad. For additional
information, please visit the Company’s website at www.NV5.com.
Also visit the Company on Twitter, LinkedIn, Facebook, and
Vimeo.
Forward-Looking StatementsThis press release
contains “forward-looking statements” within the meaning of the
safe harbor provisions of the U.S. Private Securities Litigation
Reform Act of 1995. The Company cautions that these statements are
qualified by important factors that could cause actual results to
differ materially from those reflected by the forward-looking
statements contained in this news release. Such factors include:
(a) changes in demand from the local and state government and
private clients that we serve; (b) general economic conditions,
nationally and globally, and their effect on the market for our
services; (c) competitive pressures and trends in our industry and
our ability to successfully compete with our competitors; (d)
changes in laws, regulations, or policies; and (e) the “Risk
Factors” set forth in the Company’s most recent SEC filings. All
forward-looking statements are based on information available to
the Company on the date hereof, and the Company assumes no
obligation to update such statements, except as required by
law.
Investor Relations ContactNV5 Global, Inc. Jack
CochranVice President, Marketing & Investor RelationsTel:
+1-954-637-8048Email: ir@nv5.com
Source: NV5 Global, Inc.
NV5 Global (NASDAQ:NVEE)
Historical Stock Chart
From Jul 2024 to Jul 2024
NV5 Global (NASDAQ:NVEE)
Historical Stock Chart
From Jul 2023 to Jul 2024