NV5 Acquires Technical Design Services, Inc., Strengthens Data Center and Technology Infrastructure Design Services
16 Noviembre 2023 - 7:00AM
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq:
NVEE), a provider of technology, conformity assessment,
and consulting solutions, announced today that it has acquired
Technology Design Services, Inc. (TDSi), a provider of technology
infrastructure design and consulting services. TDSi specializes in
the design, integration, and implementation of data center,
technology, audio visual, security, and telecommunications systems
to assist clients with meeting their data communications
infrastructure.
Founded in 1999, TDSi’s employees operate out of the
company’s headquarters in Chicago delivering data and communication
solutions to the aviation, government, financial, and healthcare
sectors. Approximately 80% of TDSi’s revenue is recurring. The
acquisition was made with a combination of cash and stock and will
be immediately accretive to NV5’s earnings.
“TDSi’s data center and technology design services strengthen
our capabilities in two of the fastest growing, and most profitable
businesses within NV5. The acquisition also bolsters our
relationships with premiere clients in the aviation and government
sectors,” said Dickerson Wright, PE, Chairman & CEO of NV5. “We
look forward to the expanded capabilities that we can now offer to
the domestic data center and technology design sector and to the
contributions that the TDSi team will make for NV5’s growth in
these key segments.”
“We are pleased to welcome the TDSi team to NV5 as it
strengthens our technology and data center consulting
capabilities,” said Ben Heraud, COO of Buildings and Clean Energy
Solutions at NV5.
About Technical Design Services, Inc.Technical
Design Services, Inc. is an information technology, data center,
and communications infrastructure design and consulting firm
located in Chicago, Illinois. Services include, data center design,
structured cable design, audio-visual design, electronic security
system design, telecommunications consulting, and network
consulting.
About NV5NV5 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: testing,
inspection & consulting, infrastructure engineering, utility
services, buildings & program management, 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. For additional information, please visit the Company’s
website at www.NV5.com. Also visit the Company
on LinkedIn, Twitter, Facebook,
and Instagram.
Forward-Looking StatementsThis 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.
Investor Relations ContactNV5 Global, Inc.Jack
CochranVice President, Marketing & Investor RelationsTel:
+1-954-637-8048Email: ir@nv5.com
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