Nv5 Global Inc Stock Price, News & Analysis

NV5 (NVEE) has secured a two-year, $10 million statewide contract from the North Carolina Department of Transportation (NCDOT) to provide comprehensive geospatial and utility services. The contract encompasses advanced data collection and mapping solutions, including GPS services, laser scanning, aerial imaging using unmanned aerial systems (UAS), and elevation data acquisition. NV5 will also deliver aerial mapping control, route location surveys, and subsurface utility engineering to support transportation project planning. The company will provide dedicated UAS operators and operations management to maintain aerial data quality.

NV5 (NVEE) announced its strategic expansion into the South Korean data center market through the inclusion of SA Bricks, a specialist in commissioning and energy marshalling for data center infrastructure. NV5 has been executing data center projects in Southeast Asia and South Korea since 2014. The expansion positions NV5 for accelerated organic growth in Korea's data center market, which is experiencing strong growth driven by Korean and international technology companies' investments in cloud computing and AI infrastructure.

With this expansion, NV5's data center business now operates in 15 countries across North America, Asia, Australia, and the Middle East. The move comes in response to requests from U.S. technology sector clients seeking support for their Korean hyperscale data center infrastructure investments.

Acuren Corporation (NYSE: TIC) and NV5 Global (NASDAQ: NVEE) have announced a merger agreement creating a leading global Testing, Inspection, Certification and Compliance (TICC) and Engineering Services firm with $2 billion+ combined revenue. Under the deal, NV5 stockholders will receive $23.00 per share ($10.00 in cash and $13.00 in Acuren stock), representing a 32% premium. The $1.7 billion transaction is expected to close in H2 2025.

The merger will result in current Acuren stockholders owning ~60% and NV5 stockholders ~40% of the combined company. The deal is expected to be immediately accretive with $20 million in near-term cost synergies and substantial revenue synergy potential. The combined 2024 adjusted EBITDA is projected at $350 million post synergies.

NV5 (NVEE) has announced the winners of its 2025 National Society of Black Engineers (NSBE) scholarship awards. Ten outstanding scholars were selected from various prestigious universities, pursuing degrees in civil, electrical, and mechanical engineering, geomatics, and computer science. The scholarship recipients were chosen based on personal essays, academic achievements, community involvement, and professional endorsements.

The NSBE, founded in 1975, is one of the largest student-governed organizations in the United States, focusing on empowering collegiate, pre-collegiate students, and technical professionals. Dr. Carl Henderson, Chief Diversity Officer of NV5, expressed pride in supporting these future engineers and their potential impact on the business and engineering community.

NV5 Global (Nasdaq: NVEE), a tech-enabled engineering, certification, and consulting solutions provider, has scheduled its Q1 2025 earnings conference call for Thursday, May 1, 2025, at 4:30 p.m. ET. The financial results for the quarter ended March 29, 2025, will be released after market close on the same day.

The earnings call will be led by NV5's leadership team, including Executive Chairman Dickerson Wright, CEO Ben Heraud, and CFO Edward Codispoti, followed by a Q&A session. Participants can join via phone using the toll-free number +1 (800) 715-9871 or international number +1 (646) 307-1963 with Conference ID 2719957. A webcast will be available at ir.nv5.com.

NV5 (NVEE) has secured a $15 million contract for construction management services in the first phase of the North County Corridor project in Stanislaus County, California. The project aims to enhance regional mobility and reduce congestion through a partnership between local governments and Caltrans.

Phase one includes constructing a modern multi-lane expressway featuring a single-point urban interchange, pedestrian enhancements, and infrastructure improvements. The scope encompasses upgrades to local roads, construction of seven bridges, and mechanically stabilized embankment walls. Construction will commence in May 2025 with an expected three-year completion timeline.