NV5 Acquires Bromley Cook Engineering, Strengthens Forensics Engineering and Florida Storm Hardening Services
January 31 2023 - 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
Bromley Cook Engineering (Bromley Cook), a leading provider of
forensics, specialty structural engineering, and waterproofing to
support facilities and infrastructure throughout Florida.
Headquartered in Fort Lauderdale, Bromley Cook’s engineers and
inspectors have worked on the design, renovation, and preservation
of some of the state’s most prestigious projects. The acquisition
was made with a combination of cash and stock and will be
immediately accretive to NV5’s earnings.
Bromley Cook specializes in the restoration of concrete and
structural building components, expert witness services for
construction litigation, and the design of resilient mission
critical facilities intended to remain fully serviceable after a
major hurricane. As a leader in hurricane hardening, Bromley Cook
excels in the design of facades, window and glazing systems, and
building systems to withstand storm events.
“Florida’s wind, heat, humidity, and hurricane exposure create
challenging conditions for the built environment, and facility
owners rely on specialized structural engineering to design and
preserve resilient buildings,” said Dickerson Wright, PE, Chairman
and CEO of NV5. “Bromley Cook’s decades of experience in the
Florida market make it uniquely qualified to identify construction
defects, design durable structures, and deliver sustainable
building solutions that will stand the test of time.”
About Bromley Cook EngineeringFounded in 2001,
Bromley Cook Engineering provides forensic evaluations, structural
engineering, and inspections to support the design and restoration
of resilient structures for the challenging Florida environment.
From project initiation to conclusion, Bromley Cook’s forensic
experts and engineers develop innovative solutions and deliver
consultative expertise to help their clients design, build, and
maintain sustainable buildings and structures.
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 & owner representation, 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
NV5 Global (NASDAQ:NVEE)
Historical Stock Chart
From Jun 2024 to Jul 2024
NV5 Global (NASDAQ:NVEE)
Historical Stock Chart
From Jul 2023 to Jul 2024