NV5 Acquires ALTA Surveying Firm
HOLLYWOOD, Fla. — NV5 Global Inc., a provider of professional and technical engineering and consulting solutions, has acquired J.V. Surveying LLC, a land survey and mapping firm based in Phoenix. The professionals at J.V. Surveying are licensed in both Arizona and California and specialize in the provision of detailed ALTA surveys and support services to the commercial real estate and telecommunications industries. The acquisition was an all-cash transaction and will be immediately accretive to NV5’s earnings.
“Transactional services like ALTA surveys, environmental studies, and property condition assessments represent a rapidly growing source of recurring revenue for NV5,” said Dickerson Wright, P.E., chairman and CEO of NV5. “The acquisition of J.V. Surveying strategically complements our current national ALTA surveying business and solidifies our geographic footprint in the very active Arizona and California markets.”
Jeff Echko, president of Environmental Health Sciences at NV5, commented, “J.V. Surveying will strengthen our position in the western U.S. and provide entry into the attractive telecommunications market while expanding our client base of multi-location and institutional property owners.”
For more information, visit www.nv5.com.