HOLLYWOOD, FL — (Marketwired) — 11/18/13 — NV5 Holdings, Inc. (the “Company”) (NASDAQ: NVEE) (NASDAQ: NVEEW), a provider of professional and technical engineering and consulting solutions, has acquired 68West, Inc., a firm specializing in infrastructure design, entitlements and permitting.
68West was purchased with a combination of cash and stock and is expected to be immediately accretive to NV5 earnings based on its project pipeline and clientele.
All staff and management have joined the NV5 team, including longtime P.E. AJ Zabbia, who will provide senior leadership to NV5–s existing Denver office. NV5 plans to consolidate 68West and the recently acquired firm, Consilium Partners, into one location.
“We look forward to further expanding our geographic footprint and offerings in the Rocky Mountain region,” commented Dickerson Wright, chairman and CEO of NV5. “In the past, 68West has teamed up with a company we recently acquired in Denver, Consilium Partners. The combination of these two firms will allow NV5 to provide turn-key civil planning, design and program management services to our public and private clients.
“We are especially excited to leverage the expertise of AJ Zabbia and 68West–s reputation for their work on Denver–s Union Station, which is one of the largest master development projects with a transportation hub currently in progress throughout the United States.”
68West, Inc. was established in 2004 and brings together a seasoned staff with experience in urban infill and revitalization projects, as well as infrastructure design and district/municipal engineering. For additional information, please visit the company–s website at .
NV5 Holdings, Inc. (NASDAQ: NVEE) (NASDAQ: NVEEW) is a provider of professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. The Company primarily focuses on five business service verticals: construction quality assurance, infrastructure engineering, energy services, program management and environmental services. NV5 Holdings operates 22 offices in California, Colorado, Utah, Florida and New Jersey and is headquartered in Hollywood, Florida. For additional information, please visit the Company–s website at . Also visit the Company on , , , and .
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. Such forward-looking statements include, but are not limited to, statements regarding the acquisition being immediately accretive to NV5–s earnings. 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 herein. Such factors include, but are not limited to: (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.
NV5 Holdings, Inc.
Richard Tong
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Cody Slach
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