NV5 Acquires Global Fire Protection Group to Enhance Services
Deal News | Dec 18, 2024 | Globenewswire
NV5, a prominent technology and consulting firm, has entered an agreement to acquire Global Fire Protection Group, a leader in fire safety engineering and consulting services. This acquisition aims to integrate Global FPG's high-margin fire protection services with NV5's existing portfolio of mechanical and technology solutions. The acquisition, financed through a combination of cash and stock, is expected to be immediately accretive to NV5's earnings. NV5 highlighted the strategic advantage of incorporating fire safety services to complement its offerings in sectors such as data centers, healthcare, and utilities. This deal will allow Global FPG to tap into larger projects, providing enhanced growth opportunities under NV5's umbrella. Forward-looking statements in the announcement were tempered with caution about various factors, including market conditions and regulatory changes, which could impact future results.
Sectors
- Fire Protection and Safety
- Consulting Services
- Engineering Services
Geography
- United States – Both NV5 and Global FPG operate extensively across the U.S., making it a primary geography of relevance.
- Canada – Global FPG is licensed in eight Canadian provinces, indicating significant operations in Canada.
Industry
- Fire Protection and Safety – The article focuses on Global FPG, which specializes in fire protection engineering and consulting, making this industry highly relevant.
- Consulting Services – NV5 provides technology, certification, and consulting solutions, indicating involvement in the consulting services industry.
- Engineering Services – Both NV5 and Global FPG offer technical engineering solutions, which places them within the engineering services sector.
Financials
- Not Specified – The financial terms of the acquisition deal (e.g., acquisition price) are not disclosed; however, it involves a cash and stock transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| NV5 Global, Inc. | Bidding Company | Company | A provider of technology, certification, and consulting solutions operating in multiple business sectors. |
| Global Fire Protection Group, LLC | Target Company | Company | A provider of fire safety engineering, inspection, and consulting services across various industries. |
| Dickerson Wright, PE | Chairman | Person | Executive Chairman of NV5. |
| Ben Heraud | CEO | Person | CEO of NV5. |
| Patrick Tesche | President | Person | President of Global Fire Protection Group. |