NV5 Enhances Infrastructure Services with CRS Survey Acquisition
Deal News | Mar 21, 2025 | Globenewswire
NV5, a provider of technology, certification, and consulting solutions, has announced the completion of its acquisition of CRS Survey PLLC, a land surveying and mapping services provider. This acquisition is set to expand NV5's operations in North Carolina, specifically enhancing their capabilities in transportation infrastructure and land development. CRS Survey, based in Charlotte, North Carolina, is noted for its expertise in conventional and geospatial surveys, contributing to improved roadway and bridge maintenance. NV5, which has a strong presence in infrastructure services in North Carolina, sees this acquisition as a strategic move to leverage high-demand survey services driven by new technologies and a shortage of licensed surveyors. The transaction, performed with a mix of cash and stock, is expected to be immediately accretive to NV5's earnings, suggesting a positive impact on financial performance. NV5 continues to focus on expanding its infrastructure services in the Southeast United States.
Sectors
- Infrastructure Services
- Surveying and Mapping
- Consulting Services
Geography
- United States – Both NV5 and CRS Survey operate in the US, with a significant focus on North Carolina.
- North Carolina – The acquisition specifically enhances NV5's operations and services in North Carolina.
Industry
- Infrastructure Services – Relevant due to NV5's focus on infrastructure design, testing, and inspection for transportation clients.
- Surveying and Mapping – CRS Survey specializes in land surveying and mapping services, key for infrastructure and land development sectors.
- Consulting Services – NV5's operations include technology and consulting solutions, making this industry relevant.
Financials
- Combination of cash and stock – The acquisition was financed with a mix of cash and stock, expected to be immediately accretive to NV5's earnings.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| NV5 Global, Inc. | Acquirer | Company | Provider of technology, certification, and consulting solutions, expanding their North Carolina operations through this acquisition. |
| CRS Survey PLLC | Target Company | Company | Specializes in land surveying and mapping services for infrastructure and land development in North Carolina. |
| Ben Heraud | CEO of NV5 | Person | Provides commentary on the strategic importance of the acquisition. |
| Alex Hockman | CEO of Infrastructure at NV5 | Person | Discusses expected growth from the acquisition of CRS Survey. |