NV5 Enters Agreement to Acquire Global Fire Protection Group; Expands Recurring Fire Safety Engineering Consulting and Design Services
2024年12月18日 - 10:00PM
NV5, a provider of technology, certification, and consulting
solutions, announced today that it has entered an agreement to
acquire Global Fire Protection Group (Global FPG), a provider of
fire safety engineering, inspection, and consulting services.
Founded in 2014, Global FPG is licensed to deliver fire services in
all 50 U.S. states and eight Canadian provinces, and it has
completed projects in 39 countries. The acquisition was made with a
combination of cash and stock and will be immediately accretive to
NV5’s earnings.
“Fire protection engineering and consulting is a high margin,
recurring service that is a natural cross-sell with NV5’s existing
mechanical, electrical, plumbing, and technology design services,”
said Dickerson Wright, PE, Executive Chairman of NV5. “We are
pleased to bring this service in-house with the acquisition of an
industry leader in fire protection.”
Global FPG specializes in fire protection services for
attractive end markets, including data centers, healthcare,
utilities, and industrial sectors. The Company is one of few fire
life safety companies offering suppression, detection, and
compartmentation disciplines in active and passive fire
protection.
“Fire protection consulting is in high demand due to the
mandated nature of fire life safety in meeting regulatory
requirements and also mitigating risks to property and people,”
said Ben Heraud, CEO of NV5. “From data center and technology
facilities to healthcare and higher education campuses, all of our
buildings and technology clients need fire protection services, and
we look forward to the contributions that Global FPG will make to
our business domestically and internationally.”
“Joining NV5 allows Global FPG to pursue larger projects that
were out of reach as a smaller entity, and we look forward to the
growth and career opportunities that NV5 will provide,” said
Patrick Tesche, President of Global Fire Protection Group.
About Global Fire Protection GroupGlobal Fire
Protection Group, LLC provides customers with fire and life safety
engineering, consulting, and design services worldwide. Global Fire
Protection Group engineers have over a century of combined
experience and are licensed in all U.S. states, Puerto Rico, Guam,
and eight Canadian provinces. Global Fire Protection Group is a
complete fire and life safety company providing active and passive
fire protection services to clients worldwide. For additional
information, please visit www.globalfpg.com.
About NV5NV5 Global, Inc. (NASDAQ: NVEE) is a
provider of technology, certification, and consulting solutions for
public and private sector clients supporting utility,
infrastructure, and building assets and systems. The Company
primarily focuses on six business verticals: Utility services,
infrastructure engineering, construction quality assurance,
buildings & technology, environmental health sciences, and
geospatial services. 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
Twitter, LinkedIn, Facebook, and Vimeo.
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
Source: NV5 Global, Inc.
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