NV5 Acquires Fulton Consulting Engineers, Strengthens MEP Design and Energy Efficiency Services
March 08 2022 - 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 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.
“The acquisition of Fulton Consulting Engineers supports NV5’s
strategic approach to acquisitions by both strengthening our
verticals and expanding our high-margin ESG and technology
services, and we look forward to the contributions that Fulton will
make to our continued growth,” said Dickerson Wright, PE, Chairman
& CEO of NV5.
“We are excited to welcome Fulton to the NV5 team as it
strengthens our MEP and technology design capabilities in the
Southwest and our growing Energy Efficiency business,” said Ben
Heraud, COO of Buildings and Energy Efficiency Solutions at
NV5.
About Fulton Consulting EngineersFulton
Consulting Engineers is a provider of mechanical, electrical, and
plumbing engineering, lighting and fire protection design, and
energy efficiency consulting. Fulton’s focus on collaboration,
cutting edge technology, and responsible design delivers technical
excellence and added value for its impressive client list of
building owners, architects, and contractors in California and
across the Southwest.
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 engineering, 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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