NV5 Acquires Sage Renewable Energy Consulting, Expanding Clean Energy Consulting Capabilities
August 24 2021 - 8:00AM
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 Sage Renewable Energy Consulting, Inc. (Sage), a leader in
comprehensive sustainable energy planning and project management
services. Sage operates nationwide and expands NV5’s growing
environmental, social, and governance (ESG) service portfolio. The
acquisition was made with a combination of cash and stock and will
be immediately accretive to NV5’s earnings.
Founded in 2009, Sage has successfully managed over $2 billion
in clean energy projects and negotiated dozens of successful power
purchase agreements for clients in the public and private
sectors.
“Clean energy continues to grow as a percentage of NV5’s
revenue,” said Dickerson Wright, PE, Chairman and CEO of NV5.
“Sage’s expertise in the renewables, battery storage, microgrid,
and electric vehicle planning space enhances our ESG capabilities
and presents opportunities for cross-selling with our existing ESG
services.”
“Clean energy is a sector with high market growth potential, as
evidenced by Sage’s continued organic growth, and we are excited to
add Sage’s team and capabilities to our Energy Efficiency and
Decarbonization group,” said Ben Heraud, COO of Energy Efficiency
and Decarbonization at NV5.
“This transaction will enable us to accelerate the expansion of
our practice and offer NV5 clients expertise in developing new
clean energy systems, electric vehicle fleets and infrastructure,
and asset management,” said Tom Willard, Principal at Sage.
About Sage Renewable Energy ConsultingBased in
the San Francisco Bay Area, Sage Renewable Energy Consulting
provides comprehensive energy planning and project management
services for businesses, public agencies, and schools across the
nation. Sage is a proven partner in cutting emissions and realizing
Zero Net Energy goals, with industry-leading expertise in solar
arrays, battery storage, energy efficiency, electric vehicle fleet
planning, and electric vehicle charging. Sage is a strategic
partner throughout the planning, development, construction, and
lifetime stages of energy systems and microgrids.
About NV5NV5 Global, Inc. (NASDAQ: NVEE) is a
provider of compliance, technology, engineering, and environmental
consulting solutions for public and private sector clients
supporting sustainable infrastructure, utility, and building assets
and systems. The Company focuses on multiple verticals: testing,
inspection & consulting, infrastructure, utility services,
buildings & program management, 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. For additional information, please visit
the Company’s website at www.NV5.com. Also visit the Company
on LinkedIn, Twitter, Facebook,
and Instagram.
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
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