NV5 Acquires Group Delta to Enhance Infrastructure Services in Southern California
Deal News | Jan 13, 2025 | Globenewswire
NV5, a prominent player in the domain of technology, certification, and consulting solutions, has announced a strategic agreement to acquire Group Delta. Group Delta is a well-established provider specializing in infrastructure engineering, testing, and environmental PFAS services with its headquarters in Irvine, California. This acquisition is set to significantly enhance NV5's capabilities in infrastructure engineering, conformity assessment, and utility fire hardening in Southern California. The merging of NV5's and Group Delta's expertise aims to bring a competitive edge in securing large-scale electrical, water, and transportation infrastructure projects. California's recent commitment to a $180 billion investment in infrastructure underscores the critical nature of this acquisition. Group Delta brings experienced staff present in multiple Californian counties, equipped with extensive laboratories and technical services, making this acquisition a strategic asset for NV5’s growth. Both companies express enthusiasm about the synergies this merger brings, in terms of expanded service offerings and career opportunities for employees. The acquisition's timing is crucial given California's infrastructure investment strategy and serves NV5's aspiration to support public and private sector clients in crucial upgrades to the state's energy, water, and transportation systems.
Sectors
- Infrastructure Engineering
- Environmental Services
Geography
- United States – The acquisition takes place within the US, particularly impacting the states' infrastructure improvement projects.
- California – This is the primary geographic focus of the acquisition, with Group Delta being headquartered in Irvine and providing services throughout Southern California.
Industry
- Infrastructure Engineering – Relevant due to the focus on infrastructure engineering and improvements as highlighted by the acquisition strengthening NV5's capabilities in this sector.
- Environmental Services – Pertinent because Group Delta offers PFAS environmental consulting services which are part of the acquisition.
Financials
- $180 billion – California's commitment to infrastructure investments, signaling the critical importance of the acquisition.
Participants
Name | Role | Type | Description |
---|---|---|---|
NV5 Global, Inc. | Bidding Company | Company | A provider of technology, certification, and consulting solutions, pursuing strategic expansion through the acquisition of Group Delta. |
Group Delta | Target Company | Company | Provides infrastructure engineering, testing, and environmental PFAS services in Southern California. |
Ben Heraud | CEO of NV5 | Person | Involved in the strategic acquisition decision-making process. |
Dickerson Wright, PE | Executive Chairman of NV5 | Person | Executive Chairman of NV5 discussing the importance of the acquisition. |
Shah Ghanbari, PE | President of Group Delta | Person | President of Group Delta expressing enthusiasm for the acquisition. |
Mike Reader, PE | CEO of Group Delta | Person | CEO of Group Delta commenting on the strategic fit of the acquisition. |