Nv5 Acquires Gaudet Associates, Expands Florida Owner Representation Services
Mar 02, 2023•over 2 years ago
Acquiring Company
NV5
Acquired Company
Gaudet Associates
Description
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today that it has acquired Gaudet Associates, Inc. (“Gaudet Associates”), a provider of owner representation services in South Florida. Gaudet Associates has worked on behalf of owners to oversee new facility development and renovations in Florida for 35 years and strengthens NV5’s existing owner representation capabilities. The acquisition was made with a combination of cash and stock and will be immediately accretive to earnings.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed