HOLLYWOOD, Fla., Sept. 07, 2017 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq:NVEE), a provider of professional and technical engineering and consulting solutions, announced today that it has acquired Marron and Associates, Inc. (“Marron”), a leading environmental services firm with offices in Albuquerque and Las Cruces, New Mexico. Marron has 15 full-time professionals and is expected to add approximately $2 million a year to NV5’s existing environmental operations in Albuquerque. The acquisition was made entirely in cash and will be immediately accretive to NV5’s earnings.
In addition to providing environmental planning, natural and cultural resources, environmental site assessment, and GIS services, Marron specializes in environmental documentation preparation, particularly in accordance with the National Environmental Policy Act (NEPA). The company also has a growing Municipal Separate Storm Sewer System (MS4) permitting program. Marron’s professionals serve public and private clients throughout the Southwest, including the New Mexico Department of Transportation, Bureau of Land Management, Bureau of Indian Affairs, Federal Highway Administration, U.S. Department of Agriculture, U.S. Fish and Wildlife Service, and U.S. Forest Service.
“Marron’s environmental planning and permitting (EP&P) practice will meaningfully enhance NV5’s environmental services vertical in a market we know quite well,” said Dickerson Wright, PE, Chairman and CEO. “Our Albuquerque team has worked with Marron in the past and we believe there are immediate synergies and opportunities for reoccurring revenue between our two companies. We also share a deep commitment to our clients and we know the reputation for high-quality work Marron has in the region.”
Marron President and CEO Shelly Herbst said, “Like NV5, Marron is committed to a seller-doer business model. Our experts and practitioners have maintained relationships with our clients for many years and by joining forces with NV5 we will be able to serve our clients even more effectively within the environmental space but also in the other engineering service verticals NV5 offers.”
About Marron and Associates
Founded more than 20 years ago in New Mexico, Marron is committed to the successful completion of its clients’ projects by delivering excellent, consistent, and reliable environmental services. The firm offers a wide range of services within its Environmental Science and Planning, Natural Resources, Cultural Resources, GIS, and MS4 Permitting Programs. Marron’s clients include the public and private sectors as well as tribal entities across the state. Marron has obtained environmental services and subsequent clearances for a variety of projects including airports, bridges, commercial and industrial property transactions, communication towers, fiber optic lines, highway and public utilities corridors, land transfers, oil and gas pipelines, ports of entry, schools, solar and wind farms, transmission lines, and water and wastewater treatment plants.
NV5 Global, Inc. (NASDAQ:NVEE) 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. 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 nationwide and abroad in Macau, Shanghai, Hong Kong, and Vietnam. 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 news 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. Lauren Wright, PhD Director of Investor Relations Tel: +1-646-795-3699 Email: firstname.lastname@example.org
Source:NV5 Global, Inc.