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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 Global, Inc. (NASDAQ: NVEE) announced it has secured $16 million in utility gas pipeline design and support services contracts with two major California gas utilities. The company will provide engineering design, permitting support, and municipal consulting services aimed at enhancing asset integrity management and pipeline safety.
One contract, valued at $9 million, focuses on gas transmission design and pipeline support services for system integrity management. The second contract, totaling $7 million, involves municipal consulting and emergency services related to gas repairs. These projects reflect NV5's expertise in managing complex infrastructure requirements amidst stringent safety regulations.
NV5 Global, Inc. (Nasdaq: NVEE) will release its financial results for Q1 2023 on May 4, 2023, after market close. The Company's CEO Dickerson Wright and CFO Edward Codispoti will host an earnings call at 4:30 p.m. Eastern Time, which will also include a Q&A session. Investors can join by dialing +1 (888) 412-4117 for domestic calls or +1 (646) 960-0284 internationally. The call will be webcast live and available for replay on the NV5 website. NV5 specializes in technology, conformity assessment, and consulting solutions across several sectors, including utility services and infrastructure engineering. The Company operates over 100 offices worldwide, emphasizing its extensive reach and capability in the market.
L3Harris Technologies (NYSE:LHX) has finalized the sale of its Visual Information Solutions (VIS) business to NV5 Global Inc. (NASDAQ: NVEE). The VIS division specializes in commercial geospatial software and services that transform geospatial and terrestrial imagery into actionable insights. This divestiture aligns with L3Harris’ strategic goal of optimizing its portfolio and focusing on long-term investments that support national security and multi-domain solutions.
NV5 Global, Inc. (NVEE) has successfully completed the acquisition of L3Harris Technologies' Visual Information Solutions (VIS) commercial geospatial technology and software business. This acquisition, announced in December and receiving regulatory approvals, positions NV5 as a leading provider in North America for geospatial data solutions. The VIS acquisition includes 16 U.S. patents and 13 trademark registrations for geospatial software applications, utilized by approximately 500,000 global users, including key defense and civilian agencies. The acquisition bolsters NV5's subscription-based geospatial offerings and reinforces its competitive advantage in the market.
NV5 Global, Inc. (Nasdaq: NVEE) announced it has secured $11 million in contracts for utility and transportation infrastructure projects in California and New Mexico. The contracts include approximately $5 million for surveying services from a major California utility, aimed at enhancing electrical service reliability during infrastructure improvements. Additionally, NV5 received a $3 million contract from New Mexico's Department of Transportation for engineering design for State Road 68 improvements, focusing on full roadway renovations and safety compliance. A further $3 million contract with San Diego's Development Services will support building inspection and permit processing.
Nv5 Global, Inc. (Nasdaq: NVEE) has secured $11 million in contracts with the New York City Department of Parks and Recreation. The major contract includes a $9 million agreement for civil and structural engineering design across city recreational facilities over three years. Additionally, NV5 will provide a $1.5 million contract for the Coney Island Boardwalk Pre-Design Study aimed at addressing deterioration and enhancing resiliency. This represents NV5’s first engineering design contract with the agency, expanding its existing services. The CEO expressed commitment to supporting NYC’s infrastructure and climate resilience efforts.
NV5 Global, Inc. (Nasdaq: NVEE) announced that its subsidiary, Axim Geospatial, has secured $9 million in national security geospatial contracts from intelligence agencies and the Department of Defense. These contracts involve integrating geospatial intelligence from various sources to enhance situational awareness for military and policymakers. Axim utilizes AI and machine learning for swift, precise mapping of topographical features. NV5's CEO emphasized Axim's leadership in geospatial data analytics as crucial for this contract, highlighting the company's commitment to support national security initiatives.
NV5 Global, Inc. (Nasdaq: NVEE) announced its acquisition of Gaudet Associates, Inc., a firm specializing in owner representation services in South Florida. This strategic move will enhance NV5's capabilities in the growing Florida market for construction and renovation oversight, particularly in the hospitality and government sectors. The acquisition, made through cash and stock, is expected to be accretive to earnings immediately. Gaudet Associates has a history of managing over $2 billion in projects, with 35 years of experience in the industry.
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