NV5 Acquires Environmental and Hydrogeology Consulting Firm, Dunn Environmental
August 15 2013 - 8:30AM
Marketwired
NV5 Holdings, Inc. (the "Company") (NASDAQ: NVEEU), a provider of
professional and technical engineering and consulting solutions,
has acquired Dunn Environmental, Inc., which specializes in
environmental and hydrogeology sciences in Northern California.
Dunn Environmental 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 Dunn Environmental staff and management have joined the NV5
team, including 25-year principal Patrick Dunn, M.S., P.G., C.Hg.,
who will continue to service their existing environmental client
base and help grow the same vertical within NV5.
"The acquisition of Dunn Environmental adds to our environmental
services vertical in Northern California and brings a strong list
of clients in both the public and private sector," commented
Dickerson Wright, chairman and CEO of NV5. "Dunn's extensive
environmental, ground water and engineering geology experience are
highly complementary to NV5. His commitment to innovation aligns
with ours and we look forward to working with this highly capable
team of environmental professionals."
Dunn commented: "Joining a full-service engineering company like
NV5 brings our team an array of resources to expand our
environmental service offerings. We look forward to leveraging
NV5's wide-ranging experience and proven track record to better
serve our clients in their environmental and water resource
projects."
About Dunn Environmental, Inc. Founded in
2004, Dunn Environmental specializes in environmental and water
resource projects. The company has extensive experience with both
private and public sector clientele. Dunn Environmental maintains
extensive knowledge of ground water monitoring protocols,
statistical database analyses, quality assurance and quality
control plans for environmental and water resource programs.
Capabilities include delivering services on time and within budget,
while developing and implementing approaches that are technically
sound. Dunn Environmental provides professional services toward the
preparation of defendable monitoring and investigation programs
using phased conceptual-model approaches to address state, federal
and local requirements. The company is headquartered in El Dorado
Hills, CA. For additional information, please visit the company's
website at www.dunnenviro.com.
About NV5 Holdings, Inc. NV5 Holdings,
Inc. (NASDAQ: NVEEU) 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 www.NV5.com. Also visit the
Company on Twitter, LinkedIn, Facebook, and Vimeo.
Forward-Looking Statements 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.
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Company Contact: NV5 Holdings, Inc. Richard Tong Tel
1-954-495-2114 Email Contact Investor Relations: Liolios
Group, Inc. Cody Slach Tel 1-949-574-3860 Email Contact
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