NV5 Acquires Intrepid Engineering, Growing MEP Engineering in the Southwest
November 02 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
Intrepid Engineering LLC (Intrepid), a provider of mechanical,
electrical, and plumbing (MEP) systems design for facility
renovations and new construction. Established in 2004,
Intrepid’s engineers serve public and private sector clients and
specialize in building systems design for healthcare, education,
retail, and public facilities. The acquisition was made with a
combination of cash and stock and will be immediately accretive to
NV5’s earnings.
“Intrepid diversifies our MEP practice in Las Vegas beyond the
hospitality industry and introduces us to clients in industries
such as healthcare and education who can benefit from NV5’s service
portfolio,” said Dickerson Wright, PE, Chairman & CEO of NV5.
“Intrepid’s principals are board certified licensed professional
engineers in mechanical and electrical engineering and will enhance
our technical resources in this high-growth geographical area.”
“We are pleased to welcome Intrepid Engineering to NV5. This
acquisition brings a long-term and diversified client base along
with technical leadership that will further support our growth in
the Southwest Region,” said Ben Heraud, COO of Buildings and Clean
Energy Solutions at NV5.
About Intrepid EngineeringHeadquartered in Las
Vegas, NV, Intrepid Engineering is an award-winning designer of
mechanical, electrical, and plumbing (MEP) building systems to
support the built environment. Intrepid engineers deliver
high-quality MEP solutions utilizing proprietary innovations to
meet clients’ needs for building functionality, comfort, and
efficiency.
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 ContactNV5 Global, Inc.Jack
CochranVice President, Marketing & Investor RelationsTel:
+1-954-637-8048Email: ir@nv5.com
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