HOLLYWOOD, Fla., Sept. 16, 2022 (GLOBE NEWSWIRE) — NV5 Global Corporation (the “Company” or “NV5”) (NASDAQ: NVEE)The provider of technology, conformity assessment and consulting solutions today announced that it has acquired KMK Technologies, LLC. (KMK), a provider of technical design and consulting services. KMK serves public and private sector clients who need to equip their facilities with advanced audiovisual, lighting, security and IT systems. The acquisition, made with a combination of cash and stock, will immediately add to NV5’s earnings.
“KMK has designed building technology infrastructure for a number of high profile projects and we look forward to integrating these capabilities into our buildings and clean energy businesses. NV5’s ability to provide MEP and technology design provides competition for projects requiring comprehensive technology capabilities advantage, and the acquisition of KMK strengthens NV5’s position as a leader in building systems design and consulting,” said NV5 Chairman and CEO, Dickerson Wright, PE.
“We are delighted to welcome KMK to the NV5 team as it enhances our technical design and consulting capabilities,” said Ben Heraud, Chief Operating Officer, Buildings and Clean Energy Solutions, NV5.
About KMK Technology
Headquartered in Monroeville, NJ, KMK engineers serve facility owners and architects through world-class technical consulting and specialize in the design of audiovisual, security, lighting, and IT infrastructure.
NV5 Global, Inc. (NASDAQ: NVEE) is a provider of technology, conformity assessment and consulting solutions to public and private sector clients supporting sustainable infrastructure, utilities and building assets and systems. The company focuses on multiple verticals: testing, inspection and consulting, infrastructure engineering, utility services, construction and project management, environmental health science and geospatial technology services, providing innovative, sustainable solutions to complex problems and improving the life of our community. NV5 has more than 100 offices nationwide and abroad. For more information, visit the company’s website at www.NV5.com. The company can also be accessed on LinkedIn, Twitter, Facebook and Instagram.
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 subject to important factors that could cause actual results to differ materially from those. The forward-looking statements contained in this press release reflect this. These factors include: (a) changes in the needs of the local and state governments and private clients we serve; (b) general economic conditions both domestically and globally and their impact on the markets we serve; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations or policies; (e) “Risk Factors” as set forth in the company’s most recent filings with the Securities and Exchange Commission. All forward-looking statements are based on information available to the Company as of the date hereof, and the Company undertakes no obligation to update such statements, except as required by law.
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