NV5 Acquires Gaudet Associates, Expands Florida Owner Representation Services
March 02 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
Gaudet Associates, Inc. (“Gaudet Associates”), a provider of owner
representation services in South Florida. Gaudet Associates has
worked on behalf of owners to oversee new facility development and
renovations in Florida for 35 years and strengthens NV5’s existing
owner representation capabilities. The acquisition was made with a
combination of cash and stock and will be immediately accretive to
earnings.
Gaudet Associates operates out of its headquarters in Palm
Beach, Florida and specializes in owner representation services for
the hospitality industry, high-rise buildings, and government
facilities. Gaudet Owner Representatives coordinate the activities
of all parties during the planning and construction of facilities,
including program management, contract administration, change order
reviews, cost estimates, value engineering, environmental
assessments, and quality assurance.
“With the fastest growing population in the nation and recent
growth in tourism, Florida building owners are turning to owner
representatives for construction and renovation oversight to meet
the needs of Florida’s residents and visitors,” said Dickerson
Wright, PE, Chairman and CEO of NV5. “Gaudet Associates has been
serving the Florida market for over three decades, and we look
forward to the contributions that it will bring to our existing
owner representation group in the state.”
“We are excited to offer NV5’s broad array of services to our
valued clients, and we look forward to the career opportunities
that will now be available to our team members,” said Joseph
Gaudet, President and Founder of Gaudet Associates.About
Gaudet AssociatesFounded in 1971, Gaudet Associates is a
professional owner representation company that has managed over $2
billion in design, construction, and environmental projects. Gaudet
Associates prides itself on thoroughly understanding client needs
as well as the latest building trends and technologies to provide
the most comprehensive and reliable service for every project.
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 ContactNV5 Global, Inc.Jack
CochranVice President, Marketing & Investor RelationsTel:
+1-954-637-8048Email: ir@nv5.com
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