NV5 Acquires KMK Technologies, Strengthens Building Technology Solutions
September 16 2022 - 8:00AM
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq:
NVEE), a provider of technology, conformity assessment,
and consulting solutions, announced today that it has acquired KMK
Technologies, LLC. (KMK), a provider of technology design and
consulting services. KMK serves public and private sector clients
that require advanced audiovisual, lighting, security, and IT
systems for their facilities. The acquisition was made with a
combination of cash and stock and will be immediately accretive to
NV5’s earnings.
“KMK has designed the building technology infrastructure for
numerous high-profile projects, and we look forward to integrating
these capabilities into our Buildings and Clean Energy
business. NV5’s ability to deliver both MEP and
technology design provides a competitive advantage on projects
requiring integrated technical capabilities, and the acquisition of
KMK strengthens NV5’s position as a leader in building systems
design and consulting,” said Dickerson Wright, PE, Chairman &
CEO of NV5.
“We are pleased to welcome KMK to the NV5 team as it strengthens
our technology design and consulting capabilities,” said Ben
Heraud, COO of Buildings and Clean Energy Solutions at
NV5.
About KMK TechnologiesHeadquartered in
Monroeville, NJ, KMK engineers serve facility owners and architects
through world-class technology consulting and specialize in the
design of audiovisual, security, Lighting, and IT infrastructure.
About NV5NV5 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: 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 Contact
NV5 Global, Inc.Jack CochranVice President, Marketing &
Investor RelationsTel:
+1-954-637-8048Email: ir@nv5.com
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