NV5 Acquires Herman Cx; Strengthens Domestic Data Center Commissioning Business
NV5 (NVEE) has completed the acquisition of Herman Cx, a provider of commissioning and conformity assessment services for hyperscale data centers. The acquisition, made through a combination of cash and stock, will be immediately accretive to NV5's earnings.
Herman Cx, founded in 2016, specializes in supporting data center infrastructure for U.S. technology companies, financial services sector, and co-location data centers. The company has commissioned hyperscale data center infrastructure up to 175 megawatts and provides all five levels of mission critical testing and commissioning.
The strategic acquisition strengthens NV5's domestic data center business, particularly in commissioning capabilities. The data center sector has been generating over 20% organic growth for NV5, with the acquisition expected to create cross-selling opportunities across MEP-technology design, fire protection, and power delivery services, while providing a recurring revenue stream.
NV5 (NVEE) ha completato l'acquisizione di Herman Cx, un fornitore di servizi di commissioning e valutazione di conformità per data center hyperscale. L'acquisizione, effettuata tramite una combinazione di contante e azioni, sarà immediatamente redditizia per gli utili di NV5.
Herman Cx, fondata nel 2016, si specializza nel supporto delle infrastrutture dei data center per aziende tecnologiche statunitensi, nel settore dei servizi finanziari e nei data center di co-location. L'azienda ha commissionato infrastrutture per data center hyperscale fino a 175 megawatt e fornisce tutti e cinque i livelli di test e commissioning critici per la missione.
L'acquisizione strategica rafforza il business domestico di NV5 nel settore dei data center, in particolare nelle capacità di commissioning. Il settore dei data center ha generato oltre un 20% di crescita organica per NV5, con l'acquisizione che si prevede creerà opportunità di cross-selling nei servizi di progettazione tecnologica MEP, protezione antincendio e distribuzione di energia, offrendo nel contempo un flusso di entrate ricorrenti.
NV5 (NVEE) ha completado la adquisición de Herman Cx, un proveedor de servicios de comisionado y evaluación de conformidad para centros de datos hyperscale. La adquisición, realizada a través de una combinación de efectivo y acciones, será inmediatamente beneficiosa para las ganancias de NV5.
Herman Cx, fundada en 2016, se especializa en apoyar la infraestructura de centros de datos para empresas tecnológicas de EE. UU., el sector de servicios financieros y centros de datos de co-location. La compañía ha comisionado infraestructura de centros de datos hyperscale de hasta 175 megavatios y proporciona los cinco niveles de pruebas y comisionado críticos para la misión.
La adquisición estratégica fortalece el negocio de centros de datos de NV5 en el ámbito nacional, particularmente en las capacidades de comisionado. El sector de centros de datos ha estado generando más de un 20% de crecimiento orgánico para NV5, y se espera que la adquisición cree oportunidades de venta cruzada en el diseño de tecnología MEP, protección contra incendios y servicios de entrega de energía, al tiempo que proporciona un flujo de ingresos recurrentes.
NV5 (NVEE)는 하이퍼스케일 데이터 센터를 위한 커미셔닝 및 적합성 평가 서비스를 제공하는 Herman Cx의 인수를 완료했습니다. 현금과 주식의 조합으로 이루어진 이번 인수는 NV5의 수익에 즉각적인 긍정적 영향을 미칠 것입니다.
2016년에 설립된 Herman Cx는 미국 기술 기업, 금융 서비스 부문 및 코로케이션 데이터 센터를 위한 데이터 센터 인프라 지원을 전문으로 합니다. 이 회사는 최대 175 메가와트의 하이퍼스케일 데이터 센터 인프라를 커미셔닝했으며, 임무에 중요한 테스트 및 커미셔닝의 다섯 가지 수준을 제공합니다.
이번 전략적 인수는 NV5의 국내 데이터 센터 사업을 강화하며, 특히 커미셔닝 능력에서 그렇습니다. 데이터 센터 부문은 NV5에 대해 20% 이상의 유기적 성장을 창출하고 있으며, 이번 인수는 MEP 기술 설계, 화재 보호 및 전력 공급 서비스 전반에 걸쳐 교차 판매 기회를 창출할 것으로 예상되며, 반복적인 수익 흐름을 제공할 것입니다.
NV5 (NVEE) a finalisé l'acquisition de Herman Cx, un fournisseur de services de mise en service et d'évaluation de conformité pour les centres de données hyperscale. Cette acquisition, réalisée par une combinaison de liquidités et d'actions, sera immédiatement bénéfique pour les bénéfices de NV5.
Herman Cx, fondée en 2016, se spécialise dans le soutien à l'infrastructure des centres de données pour les entreprises technologiques américaines, le secteur des services financiers et les centres de données de co-location. L'entreprise a mis en service une infrastructure de centre de données hyperscale allant jusqu'à 175 mégawatts et fournit les cinq niveaux de tests et de mise en service critiques pour la mission.
Cette acquisition stratégique renforce l'activité nationale de NV5 dans le secteur des centres de données, en particulier en matière de capacités de mise en service. Le secteur des centres de données a généré plus de 20 % de croissance organique pour NV5, et l'acquisition devrait créer des opportunités de vente croisée dans la conception technologique MEP, la protection contre les incendies et les services de distribution d'énergie, tout en offrant un flux de revenus récurrents.
NV5 (NVEE) hat die Übernahme von Herman Cx abgeschlossen, einem Anbieter von Kommissionierungs- und Konformitätsbewertungsdiensten für hyperscale Rechenzentren. Die Übernahme, die durch eine Kombination aus Bargeld und Aktien erfolgt ist, wird sich sofort positiv auf die Gewinne von NV5 auswirken.
Herman Cx, gegründet im Jahr 2016, ist auf die Unterstützung der Rechenzentrumsinfrastruktur für US-Technologieunternehmen, den Finanzdienstleistungssektor und Co-Location-Rechenzentren spezialisiert. Das Unternehmen hat hyperscale Rechenzentrumsinfrastruktur mit bis zu 175 Megawatt in Betrieb genommen und bietet alle fünf Ebenen von mission-kritischen Tests und Kommissionierung an.
Die strategische Übernahme stärkt das nationale Rechenzentrums-Geschäft von NV5, insbesondere in Bezug auf die Kommissionierungsfähigkeiten. Der Rechenzentrumssektor hat über 20% organisches Wachstum für NV5 generiert, wobei die Übernahme voraussichtlich Cross-Selling-Möglichkeiten in den Bereichen MEP-Technikdesign, Brandschutz und Energieversorgung schaffen wird und gleichzeitig einen wiederkehrenden Einnahmenstrom bietet.
- Immediate earnings accretion from acquisition
- Data center business showing strong 20% organic growth
- Recurring revenue stream from commissioning services
- Cross-selling opportunities across multiple service lines
- Expansion in high-growth hyperscale data center market
- Cash and stock payment structure may lead to some dilution
HOLLYWOOD, Fla., March 12, 2025 (GLOBE NEWSWIRE) -- NV5, a provider of technology, certification, and consulting solutions, announced today that it completed the acquisition of Herman Cx, a provider of commissioning and conformity assessment services for hyperscale data centers. Founded in 2016, Herman Cx supports data center infrastructure for U.S. technology companies, the financial services sector, and co-location data centers across the United States. The acquisition was made with a combination of cash and stock and will be immediately accretive to NV5’s earnings.
“The acquisition of Herman Cx is another positive step in the growth of NV5’s domestic data center business, expanding our commissioning capabilities for hyperscale data centers,” said Ben Heraud, CEO of NV5. “Mission critical commissioning provides cross-selling opportunities for our MEP-technology design, fire protection, and power delivery services, and it delivers a recurring revenue stream long after the design and construction of data center facilities.”
The company’s engineers and commissioning authorities deliver design reviews, functional testing, and critical infrastructure testing to verify compliance with the design specifications of data center cooling, power, and safety systems. The company has commissioned hyperscale data center infrastructure up to 175 megawatts and provides all five levels of mission critical testing and commissioning from factory testing of components to interoperability of all data center systems.
“Data centers continue to be a strategic growth driver for NV5, generating over
About Herman Cx
Headquartered in Arizona, Herman Cx provides QA/QC support and commissioning services for mission critical data centers and the power generation infrastructure to support those facilities. Herman Cx has more than 90 years of employee experience in the mission critical sector and has completed projects in ten countries. The company’s technical experts include engineers, commissioning authorities, and commissioning agents supporting all facets of facility mechanical, electrical, plumbing, and controls systems.
About NV5
NV5 Global, Inc. (NASDAQ: NVEE) is a provider of technology, certification, and consulting solutions for public and private sector clients supporting utility, infrastructure, and building assets and systems. The Company primarily focuses on six business verticals: Utility services, infrastructure engineering, construction quality assurance, buildings & technology, environmental health sciences, and geospatial services. 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 Twitter, LinkedIn, Facebook, and Vimeo.
Forward-Looking Statements
This 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 Cochran
Vice President, Marketing & Investor Relations
Tel: +1-954-637-8048
Email: ir@nv5.com
Source: NV5 Global, Inc.
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