NV5 Acquires Forensics Engineering Business from GHD
HOLLYWOOD, Fla. — NV5 Global Inc., a provider of professional and technical engineering and consulting solutions, acquired the forensics engineering business of GHD Group. The acquisition of GHD’s forensics engineering business adds 57 employees in Florida, Tennessee, and Texas who specialize in the provision of engineering, scientific investigation, litigation support, construction consulting, and estimating services to national and regional insurers for claims involving residential and commercial properties. The acquisition was an all-cash transaction and will be immediately accretive to NV5’s earnings.
“The addition of GHD’s forensics engineering business to our existing forensics group makes us one of the nation’s leading forensics consultants and expands our capabilities in a specialized, high-margin service offering throughout the Southeast market,” said Dickerson Wright, P.E., chairman and CEO, NV5. “We now have a platform to expand this service line nationally and access to a number of premiere clients in the insurance industry. This is our eighth acquisition in the Southeast and is a great fit for our strategy of building technical capabilities in services with significant barriers to entry while strengthening our presence in high-growth markets.”
“Over the last 20 years, we have developed a suite of forensics services in Florida and moved into the Southeast market while building a loyal client base of the largest insurers in North America,” said Kevin Ormsby, vice president of forensics services, GHD. “NV5’s commitment to forensics services, along with its engineering design and consulting capabilities and national presence, provides an immediate opportunity to grow our client relationships through additional service offerings and geographic expansion.”
AEC Advisors served as the financial advisor to GHD. For more information, visit www.nv5.com.