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NV5 Global, Inc. (NASDAQ: NVEE) is a leading provider of technology, conformity assessment, and consulting solutions, serving both public and private sector clients. Headquartered in Hollywood, Florida, NV5 operates over 100 offices across the United States and internationally. The company focuses on several key verticals: utility services, infrastructure engineering, construction quality assurance, buildings & technology, environmental health sciences, and geospatial services.
NV5's comprehensive suite of services includes construction inspection, office engineering, claims resolution, and constructability support for major infrastructure projects. Notably, the company has a long-standing relationship with Caltrans, providing ongoing services across multiple districts in California. Recent contracts highlight NV5's role in improving transportation infrastructure and supporting community mobility.
With a history spanning over 60 years, NV5 has built a reputation for delivering high-quality, innovative solutions tailored to client needs. Their clientele ranges from U.S. federal, state, and local governments to private sector entities, emphasizing the company's versatility and reliability in addressing diverse challenges.
NV5's recent acquisitions, such as GIS Solutions and ASG Engineering Consultants, have significantly bolstered their capabilities in geospatial technology and structural engineering. These strategic moves enhance NV5's ability to offer comprehensive design solutions and manage large-scale projects in high-growth regions like the Middle East and Asia Pacific.
Financially, NV5 exhibits robust growth, driven by an aggressive acquisition strategy and a focus on tech-enabled services that offer higher margins and scalability. The company continues to pursue opportunities in geospatial and other technology-driven sectors to expand its market footprint and deliver sustainable solutions to complex problems.
For more information, visit the company's website at www.NV5.com or follow them on LinkedIn, Twitter, Facebook, and Vimeo.
NV5 has announced an agreement to acquire Group Delta, a Southern California-based provider of infrastructure engineering, testing, and environmental PFAS services. Group Delta, headquartered in Irvine, employs 100 people across five consulting and testing laboratories in Los Angeles, Orange, and San Diego counties. The company specializes in geotechnical engineering, materials testing, special inspections, forensics engineering, and environmental PFAS compliance consulting.
The acquisition strengthens NV5's infrastructure engineering, conformity assessment, and utility fire hardening capabilities in Southern California, where the state has committed to investing $180 billion in infrastructure improvements. This strategic move positions NV5 to better support city, county, state, and utility clients throughout the region, particularly in electrical, water, and transportation infrastructure projects.
NV5, a provider of technology, certification, and consulting solutions, announced a new revenue goal of $1.6 billion by 2028. Entering 2025 with a budget exceeding $1 billion in gross revenues, NV5 aims to leverage its strong track record and industry-leading profitability to achieve this target.
Executive Chairman Dickerson Wright emphasized the company's history of meeting ambitious growth targets and its focus on tech-enabled engineering solutions. The company plans to capitalize on technology services and high-margin offerings to drive accelerated organic growth and profitability.
CEO Ben Heraud highlighted that the $1.6 billion revenue target will be driven by organic growth of existing capabilities and investments in strategic acquisitions in tech-based solutions and high-growth sectors. NV5's growth strategy includes delivering unique value to clients through technical excellence, cross-selling initiatives, and technological innovations.
NV5 announced key executive leadership changes, with founder Dickerson Wright transitioning to Executive Chairman in March 2024, focusing on strategic growth initiatives and M&A activities. Ben Heraud, who joined NV5 in 2017 through the Energenz acquisition, has been appointed as CEO, responsible for company operations. Heraud previously served as COO of NV5's Buildings & Technology group since 2020.
The new organizational structure includes Alex Hockman, CEO of Infrastructure, and Kurt Allen, President of NV5's Geospatial business, both reporting to Heraud. Hockman, a Professional Geotechnical Engineer with 40+ years of experience, has been with NV5 since its founding. Allen, who joined in 2019 through the Quantum Spatial acquisition, brings 30+ years of geospatial and GIS expertise.
NV5, a provider of technology, certification, and consulting solutions, announced its plan to repurchase up to $20 million of common stock during the next open trading period. This buyback is part of a previously approved $100 million stock repurchase program by the NV5 Board of Directors.
Dickerson Wright, PE, Executive Chairman of NV5, stated that the repurchase demonstrates NV5's strong financial position and expectations of accelerated organic growth and profitability. The current stock valuation presents a unique opportunity for NV5 to utilize excess cash flows for the buyback.
NV5 also has a robust mergers and acquisitions pipeline, anticipated to contribute to its growth alongside organic growth. The repurchase will commence following the announcement of NV5’s 2024 fourth quarter and full-year financial results, with the number of shares repurchased depending on several factors, including share price.
NV5 has secured a $5 million, five-year contract from the Georgia Department of Transportation (GDOT) to lead the Watkinsville Bypass project in Oconee County, Georgia. The project aims to connect SR 24 and SR 15, improving connectivity and traffic flow by rerouting trucks away from downtown Watkinsville. NV5 will provide comprehensive services including geomatics, environmental studies, roadway and bridge design, hydraulic analysis, traffic engineering, and right-of-way services. The bypass project emerged from a 2021 transportation study and is expected to contribute to regional development and transportation efficiency.
NV5 (Nasdaq: NVEE), a provider of technology, certification, and consulting solutions, announced it has been awarded over $7 million in infrastructure design contracts by the City of Philadelphia. The projects are expected to be completed by 2028 and aim to enhance the city's commitment to creating more resilient and sustainable communities. NV5's planners, engineers, and landscape architects will support Philadelphia’s green infrastructure, sustainability, and safety initiatives, contributing to the planning and design of critical infrastructure. This includes green infrastructure, parks, greenways, and traffic safety improvements to reduce roadway deaths and serious injuries within the city's high-injury network. Alex Hockman, CEO of Infrastructure at NV5, highlighted that these projects underscore NV5's market leadership in green infrastructure and its ability to deliver sustainable design solutions that meet evolving urban challenges.
NV5 has announced an agreement to acquire Global Fire Protection Group (Global FPG), a provider of fire safety engineering, inspection, and consulting services. The acquisition, made through a combination of cash and stock, will be immediately accretive to NV5's earnings. Global FPG, founded in 2014, operates in all 50 U.S. states, eight Canadian provinces, and has completed projects in 39 countries.
Global FPG specializes in fire protection services for data centers, healthcare, utilities, and industrial sectors, offering suppression, detection, and compartmentation disciplines. The acquisition aims to enhance NV5's existing mechanical, electrical, plumbing, and technology design services through cross-selling opportunities in high-margin, recurring fire protection services.
NV5 has secured $10 million in contracts from the U.S. Geological Survey (USGS) to provide high-precision geospatial services supporting the Earth Mapping Resources Initiative (Earth MRI) program. The projects aim to identify and manage critical minerals across multiple U.S. regions, reducing dependence on international suppliers.
The contracts include:
- Magnetic and radiometric data acquisition across 11,100 square miles in Western Texas, including Big Bend National Park
- Survey of 7,300 square miles in New Mexico using fixed-wing aircraft and helicopters
- Geophysical survey in Michigan's Lake Superior region
- Processing of 22,000 linear miles of data in the Colorado Mineral Belt
These initiatives support domestic critical mineral exploration, important for energy independence and national resource security.
NV5 has acquired Southport Engineering Associates on December 4, 2024, strengthening its energy efficiency and building technology solutions in New York City. Southport Engineering, founded in 1996, provides turnkey energy efficiency, engineering design, and owner representation consulting services to various sectors including hospitality, educational, healthcare, industrial, gaming, and financial.
The acquisition, completed through a combination of cash and stock, will be immediately accretive to NV5's earnings. Southport Engineering's unique approach includes comprehensive energy studies and efficiency solutions throughout project lifecycles, from engineering design to commissioning services. The merger aims to enhance cross-selling opportunities and expand NV5's presence in the Northeast region.
NV5 has secured $14 million in multi-year infrastructure consulting contracts across Southern California. The company will provide not-at-risk construction management services for transportation infrastructure improvements in a major Southern California county under a five-year contract. Additionally, two Los Angeles County municipalities have selected NV5 for engineering, water resources, and construction management services. These projects aim to enhance traffic capacity, safety, and sustainable water management practices while supporting long-term development needs.
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