Nv5 Global Inc Stock Price, News & Analysis

NV5 (NASDAQ:NVEE) has announced the acquisition of Professional Systems Engineering (PSE), a Philadelphia-based specialist in designing facility technologies for corrections and public safety infrastructure. PSE, established in 1986, brings expertise in security, safety, fire, and communication systems design for high-security public sector facilities.

The acquisition, funded through a combination of cash and stock, will be immediately accretive to NV5's earnings. PSE maintains significant contracts with state, local, higher education, and special development agencies across New York, New Jersey, and Pennsylvania. This strategic move strengthens NV5's position in the specialized building technology sector and provides opportunities for nationwide expansion through the NV5 network.

Acuren Corporation (NYSE: TIC) announced that the SEC has declared effective its Form S-4 registration statement related to the proposed merger with NV5 Global, Inc. (Nasdaq: NVEE). The company will hold its 2025 Annual Meeting virtually on July 31, 2025, where stockholders will vote on several proposals, including the approval of share issuance for the merger.

The definitive joint proxy statement/prospectus will be mailed to stockholders of record as of June 30, 2025, starting around July 1, 2025. The meeting will address key proposals including the Acuren Stock Issuance Proposal, election of directors, appointment of auditors, and approval of the 2025 Employee Stock Purchase Plan.

Acuren, a leading provider of critical asset integrity services specializing in Testing, Inspection, Certification, and Compliance (TICC), continues to expect the transaction to close in the second half of 2025.

NV5 (NASDAQ:NVEE) has secured engineering design and construction management contracts worth over $20 million from the New York City Department of Parks and Recreation. The contracts focus on supporting improvements to parks and recreation facilities across New York City's more than 1,700 parks and recreational spaces.

The company will deploy its engineers, landscape architects, inspectors, and construction managers to support the reconstruction and renovation of recreation centers, greenways, sports facilities, parks, playgrounds, and public open spaces throughout the city. This award extends NV5's 20-year relationship with the NYC Parks Department, which oversees over 30,000 acres and more than 5,000 individual properties.

NV5 has secured $5 million in contracts to provide engineering design services for high-voltage substations supporting data centers in Georgia and Nevada. The company will deliver comprehensive services including materials development specifications, design engineering, construction oversight, and commissioning. The project involves designing substations operating between 120 kV and 345 kV, incorporating multiple transmission lines, high-capacity transformers, and advanced switchgear. NV5's scope includes relay settings, SCADA and HMI programming, and power system studies to ensure safety and stability. The company will also coordinate between electric utilities and data center development teams, leveraging its multidisciplinary expertise in high-reliability environments.

NV5 has secured a significant five-year contract with NOAA valued at up to $250 million to provide shoreline mapping services for the National Geodetic Survey. The company will leverage its decade-long experience in geospatial initiatives to collect and analyze high-precision data using ground, aerial, and satellite platforms. This comprehensive mapping effort will support NOAA's Coastal Mapping Program, enhancing nautical charts and coastal applications while aiding national emergency response efforts. NV5's CEO Ben Heraud emphasized that the company's mandated services and technical expertise protect it from recent federal funding cuts, highlighting their strong position in national geospatial data programs.

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) reported its Q1 2025 financial results, showing revenue growth of 5.0% to $234.2 million, driven by 7.2% organic growth and deeper service line penetration. However, the company posted a net loss of $25.9 million compared to a $1.3 million loss in Q1 2024, primarily due to increased depreciation and ASP Acuren Acquisition costs. Adjusted EBITDA was $25.9 million with an 11.0% margin, down from $35.5 million and 15.9% margin in the previous year. The company maintains strong liquidity of $224.9 million, including $155.7 million in cash. Acuren reiterated its 2025 guidance expecting low-to-mid-single digit revenue growth. Additionally, the company announced a separate definitive agreement to merge with NV5 Global, Inc. (Nasdaq: NVEE).

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.