NV5 Acquires Diversified Consulting Solutions, Strengthens Owner Representation Services
February 21 2023 - 8:54AM
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq:
NVEE), a provider of technology, conformity assessment,
and consulting solutions, announced today that it has acquired
Diversified Consulting Solutions (“DCS”), a leading provider of
owner representation services in the Mountain West Region. The
acquisition was made with a combination of cash and stock and will
be immediately accretive to earnings.
Headquartered in Denver, Colorado, DCS specializes in owner
representation consulting for municipalities and the K-12 and
higher education markets. DCS oversees projects on an owner’s
behalf from concept through construction and final delivery.
Services delivered by DCS include scheduling, vendor selection and
payment, percent of completion calculation, and quality
assurance.
“We are pleased to welcome the team at DCS to our growing owner
representation group at NV5, and we look forward to the
contributions they will make to delivering industry-leading service
for our clientele in Colorado and surrounding states” said
Dickerson Wright, PE, Chairman and CEO of NV5. “Growth of our owner
representation group will continue to be an area of focus within
NV5, and we anticipate further expansion of this high margin, high
barrier-to-entry service offering.”
“We are excited to collaborate with the existing NV5 owner
representation groups in Colorado and around the country, and we
look forward to the new opportunities that NV5 will provide for our
employees and clients,” said John Sattler, President of
DCS.About DCSDCS has been providing exceptional
owner representation and program management consulting services
since 1998. DCS becomes an extension of each client’s development
team to identify facility objectives and critical success factors,
assist in the selection of team members to deliver on those
objectives, and guide the successful delivery of each project. The
DCS team’s experience working with large groups of diverse
stakeholders and project participants with significant public and
governmental accountabilities is a competitive advantage, having
managed more than $400 million in constructed improvements.
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
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