NV5 Acquires National Technology Services Company, The Sextant Group
HOLLYWOOD, Fla., March 25, 2019 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (NASDAQ: NVEE) (“NV5” or the “Company”), a provider of professional and technical engineering and consulting solutions, announced today that it has acquired The Sextant Group, Inc. (“The Sextant Group”), a national leading provider of audiovisual, information and communications technology, acoustics consulting, and design services headquartered in Pittsburgh, PA. The Sextant Group has 11 locations and project offices throughout the US and is well-known for creating integrated technology solutions for a wide range of public and private sector clients. The Sextant Group’s 80 technology professionals have provided expertise on over 2,000 projects in 46 states. The acquisition was an all-cash transaction and will be immediately accretive to NV5’s earnings.
Dickerson Wright, PE, Chairman and CEO of NV5 said, “The acquisition of The Sextant Group positions NV5 as a national leader in building technologies. The company is a strategic fit with our fast-growing building technology group and significantly differentiates our MEP design offerings to our national and international clients, specifically in the higher education, hospitality, corporate, civic and healthcare market sectors. With The Sextant Group’s technology capabilities NV5 can play an increasingly important role in the design or retrofit of ‘smart’ buildings.”
Mark Valenti, founder of The Sextant Group commented, “We are eager to become a part of NV5 and play a leading role in expanding NV5’s building technologies group nationwide and abroad. Teamed with NV5, we will be able to offer greater opportunities to our employees and broader capabilities to our clients.”
John Cook, CTS, Vice President of Client Services for The Sextant Group said, “Joining NV5 is a natural progression in the growth of our firm. We have been impressed with NV5’s growth and market sector positioning over the past few years and are excited to be able to integrate our team of experienced and energetic technology specialists with the NV5 platform.”
About The Sextant Group
The Sextant Group, founded in 1995, is the most prominent Information and Communications Technology (ICT) and Acoustics Design firm in the US higher education market. Through visionary and technical leadership and a commitment to process, The Sextant Group provides its clients with innovative and effective technology solutions. The firm’s highly certified and experienced employees have a diverse set of audiovisual, IT, acoustics, lighting, and security systems skills. Visit The Sextant Group’s website for more information.
NV5 Global, Inc. (NASDAQ: NVEE) is a provider of professional and technical engineering and consulting solutions ranked #45 in the Engineering News Record Top 500 Design Firms list. NV5 serves public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. NV5 primarily focuses on five business verticals: construction quality assurance, infrastructure engineering and support services, energy, program management, and environmental solutions. The Company operates out of more than 100 locations worldwide. For additional information, please visit the Company’s website at www.NV5.com. Also visit the Company on Twitter, LinkedIn, Facebook, and Vimeo.
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 press 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.
Contact NV5 Global, Inc. Jenna CarrickInvestor Relations ManagerTel: +1-916-641-9124Email: email@example.com