NV5 Acquires Owner's Representation and Program Management Firm, Consilium Partners
01 May 2013 - 10:30PM
Marketwired
NV5 Holdings, Inc. (NV5) (NASDAQ: NVEEU), a provider of
professional and technical engineering and consulting solutions,
has acquired Consilium Partners, LLC, an owner's representation and
program management firm, for a combination of cash and NV5 common
stock, plus a potential earn-out to support its anticipated growth
goals in 2013.
"The acquisition of Consilium Partners supplements our
established infrastructure presence nationally, especially in the
Rocky Mountain region, while being immediately accretive to our
earnings," said Dickerson Wright, CEO and chairman of NV5. "They
also complement and strengthen our capabilities in program
management, which is an area of strategic growth for us. Together,
we look forward to advancing NV5 as the preferred, single-source
provider of engineering and technical services in the markets we
serve."
Consilium Partners is a 20-person, dynamic owner's
representation and program management firm that serves both public
and private clients, such as municipalities, major hospitality
firms and institutional real estate owners. Consilium Partners
possesses specialized expertise in managing technically demanding
projects, while having an affinity for leading teams and
cultivating teamwork with the people who ultimately determine a
project's success.
Founder of Consilium Partners, Bryan Carruthers, commented:
"Consilium's mission of providing world-class program management is
well aligned with NV5 and its strong reputation for delivering
similar services to some of the world's largest public and private
organizations. NV5's expertise across a range of verticals will
significantly enhance our ability to deliver superior technical
engineering and consulting. We look forward to working closely with
the NV5 team."
About Consilium Partners, LLC
Consilium Partners, LLC offers program management and owner's
representation services tailored to deliver maximum value for each
of its clients and their unique projects. The company has offices
in Hawaii, Vail, CO and Denver, CO. For additional information,
please visit the company's website at
www.consiliumpartnersllc.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, 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 operates 20 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.
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 and
advancing NV5 as the preferred, single-source provider of
engineering and technical services in the markets it serves. 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, including the Annual Report
on Form 10-K for the fiscal year ended December 31, 2012. 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
1-954-495-2112 Email Contact Investor Relations: Liolios
Group, Inc. Cody Slach Tel 1-949-574-3860 Email Contact
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