NV5 Enters Agreement to Acquire Global Fire Protection Group; Expands Recurring Fire Safety Engineering Consulting and Design Services
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 ha annunciato un accordo per acquisire Global Fire Protection Group (Global FPG), un fornitore di ingegneria della sicurezza antincendio, servizi di ispezione e consulenza. L'acquisizione, realizzata attraverso una combinazione di contante e azioni, aumenterà immediatamente gli utili di NV5. Global FPG, fondata nel 2014, opera in tutti e 50 gli stati statunitensi, in otto province canadesi e ha completato progetti in 39 paesi.
Global FPG si specializza in servizi di protezione antincendio per data center, assistenza sanitaria, servizi pubblici e settori industriali, offrendo discipline di spegnimento, rilevamento e compartimentazione. L'acquisizione mira a migliorare i servizi esistenti di progettazione meccanica, elettrica, idraulica e tecnologica di NV5 attraverso opportunità di vendita incrociata in servizi di protezione antincendio ricorrenti e ad alta marginalità.
NV5 ha anunciado un acuerdo para adquirir Global Fire Protection Group (Global FPG), un proveedor de ingeniería de seguridad contra incendios, servicios de inspección y consultoría. La adquisición, realizada a través de una combinación de efectivo y acciones, será inmediatamente beneficiosa para las ganancias de NV5. Global FPG, fundada en 2014, opera en los 50 estados de EE. UU., en ocho provincias canadienses y ha completado proyectos en 39 países.
Global FPG se especializa en servicios de protección contra incendios para centros de datos, sanidad, utilidades y sectores industriales, ofreciendo disciplinas de supresión, detección y compartimentación. La adquisición tiene como objetivo mejorar los servicios existentes de diseño mecánico, eléctrico, de plomería y tecnológicos de NV5 a través de oportunidades de venta cruzada en servicios de protección contra incendios recurrentes de alta rentabilidad.
NV5는 Global Fire Protection Group (Global FPG)를 인수하기 위한 협정을 발표했습니다. Global FPG는 화재 안전 엔지니어링, 검사 및 컨설팅 서비스를 제공하는 업체입니다. 현금과 주식 조합을 통한 인수는 NV5의 수익에 즉시 긍정적인 영향을 미칠 것입니다. Global FPG는 2014년에 설립되었으며, 미국 50개 주와 8개 캐나다 주에서 운영되고 있으며, 39개국에서 프로젝트를 완료했습니다.
Global FPG는 데이터 센터, 의료, 유틸리티 및 산업 분야의 화재 보호 서비스를 전문으로 하며, 억제, 탐지 및 구획화 분야의 서비스를 제공합니다. 이번 인수는 NV5의 기존 기계, 전기, 배관 및 기술 설계 서비스를 고수익의 반복적인 화재 보호 서비스에서의 교차 판매 기회를 통해 향상시키는 것을 목표로 하고 있습니다.
NV5 a annoncé un accord pour acquérir Global Fire Protection Group (Global FPG), un fournisseur de services d'ingénierie de sécurité incendie, d'inspection et de conseil. L'acquisition, réalisée par une combinaison de liquidités et d'actions, sera immédiatement bénéfique pour les résultats de NV5. Global FPG, fondée en 2014, opère dans les 50 États des États-Unis, dans huit provinces canadiennes et a réalisé des projets dans 39 pays.
Global FPG se spécialise dans les services de protection incendie pour les centres de données, le secteur de la santé, les services publics et les secteurs industriels, offrant des disciplines de suppression, de détection et de compartimentation. L'acquisition vise à renforcer les services existants de conception mécanique, électrique, plomberie et technologie de NV5 grâce à des opportunités de vente croisée dans des services de protection incendie récurrents et à forte marge.
NV5 hat eine Vereinbarung zur Übernahme der Global Fire Protection Group (Global FPG) bekannt gegeben, einem Anbieter von Ingenieurdienstleistungen für Brandschutz, Inspektion und Beratung. Die Übernahme, die durch eine Kombination aus Bargeld und Aktien erfolgt, wird sofort positiv zur Ertragslage von NV5 beitragen. Global FPG, gegründet im Jahr 2014, ist in allen 50 Bundesstaaten der USA und acht kanadischen Provinzen tätig und hat Projekte in 39 Ländern abgeschlossen.
Global FPG ist auf Brandschutzdienstleistungen für Rechenzentren, das Gesundheitswesen, Versorgungsunternehmen und den Industriesektor spezialisiert und bietet Bereiche wie Löschung, Detektion und Abgrenzung an. Mit der Übernahme soll das bestehende Angebot von NV5 in den Bereichen mechanisches, elektrisches, sanitäres und technologisches Design durch Möglichkeiten zum Cross-Selling im hochrentablen, wiederkehrenden Brandschutzdienstleistungsbereich verbessert werden.
- Immediate earnings accretion from acquisition
- Expansion into high-margin, recurring revenue services
- Cross-selling opportunities with existing services
- Geographic expansion across 50 US states, 8 Canadian provinces
- Access to attractive end markets (data centers, healthcare, utilities)
- None.
Insights
This strategic acquisition strengthens NV5's position in the high-margin fire safety engineering sector. The deal's structure, using both cash and stock, suggests efficient capital allocation while being immediately accretive to earnings. Global FPG's presence in all 50 U.S. states, 8 Canadian provinces and 39 countries provides significant geographical diversification and expansion opportunities.
The target company's focus on data centers, healthcare and utilities aligns perfectly with high-growth sectors. The recurring nature of fire safety services, driven by regulatory requirements, provides stable revenue streams. Cross-selling opportunities with NV5's existing MEP services could drive significant revenue synergies, while the ability to pursue larger projects should accelerate growth.
The fire protection services market demonstrates strong growth potential, particularly in critical infrastructure sectors. Global FPG's comprehensive service offering across suppression, detection and compartmentation creates a competitive advantage in the fragmented fire safety market. The acquisition positions NV5 to capture increased market share in the expanding data center sector, where fire safety is paramount.
The deal's timing is strategic, as stringent fire safety regulations and growing awareness of property protection drive demand. The ability to service international markets provides a hedge against regional market fluctuations and opens up significant cross-border revenue opportunities.
HOLLYWOOD, Fla., Dec. 18, 2024 (GLOBE NEWSWIRE) -- NV5, a provider of technology, certification, and consulting solutions, announced today that it has entered an agreement to acquire Global Fire Protection Group (Global FPG), a provider of fire safety engineering, inspection, and consulting services. Founded in 2014, Global FPG is licensed to deliver fire services in all 50 U.S. states and eight Canadian provinces, and it has completed projects in 39 countries. The acquisition was made with a combination of cash and stock and will be immediately accretive to NV5’s earnings.
“Fire protection engineering and consulting is a high margin, recurring service that is a natural cross-sell with NV5’s existing mechanical, electrical, plumbing, and technology design services,” said Dickerson Wright, PE, Executive Chairman of NV5. “We are pleased to bring this service in-house with the acquisition of an industry leader in fire protection.”
Global FPG specializes in fire protection services for attractive end markets, including data centers, healthcare, utilities, and industrial sectors. The Company is one of few fire life safety companies offering suppression, detection, and compartmentation disciplines in active and passive fire protection.
“Fire protection consulting is in high demand due to the mandated nature of fire life safety in meeting regulatory requirements and also mitigating risks to property and people,” said Ben Heraud, CEO of NV5. “From data center and technology facilities to healthcare and higher education campuses, all of our buildings and technology clients need fire protection services, and we look forward to the contributions that Global FPG will make to our business domestically and internationally.”
“Joining NV5 allows Global FPG to pursue larger projects that were out of reach as a smaller entity, and we look forward to the growth and career opportunities that NV5 will provide,” said Patrick Tesche, President of Global Fire Protection Group.
About Global Fire Protection Group
Global Fire Protection Group, LLC provides customers with fire and life safety engineering, consulting, and design services worldwide. Global Fire Protection Group engineers have over a century of combined experience and are licensed in all U.S. states, Puerto Rico, Guam, and eight Canadian provinces. Global Fire Protection Group is a complete fire and life safety company providing active and passive fire protection services to clients worldwide. For additional information, please visit www.globalfpg.com.
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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