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Nv5 Acquires Gaudet Associates, Expands Florida Owner Representation Services

Mar 02, 2023over 2 years ago

Acquiring Company

NV5

Acquired Company

Gaudet Associates

HollywoodNatural ResourcesSustainabilityInformation TechnologyManufacturingProfessional Services

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.

Company Information

Company

NV5

Location

Hollywood, Florida, United States

About

NV5 Global, Inc. (NASDAQ: NVEE) is a provider of technology, conformity assessment, and consulting solutions for public and private sector clients supporting sustainable infrastructure, utility, and building assets and systems. The Company focuses on multiple verticals: construction quality assurance, infrastructure engineering, utility services, buildings & technology, environmental health sciences, and geospatial technology services to deliver innovative, sustainable solutions to complex issues and improve lives in our communities. NV5 operates out of more than 100 offices nationwide and abroad..

M&A Insights

Based on deal data
Integration 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