NV5 Holdings Inc is in the business of providing of professional and technical engineering and consulting solutions. It has recently announced the acquisition of Consilium Partners LLC, which is an owner's representation and program management firm.
The acquisition is in the form of a combination of cash and NV5 common stock together with potential earnings to support its growth objectives for 2013.
According to Dickerson Wright, CEO and Chairman of NV5,"The acquisition of Consilium Partners supplements our established infrastructure presence nationally, especially in the Rocky Mountain region, while being immediately accretive to our earnings. They also complement and strengthen our capabilities in program management, which is an area of strategic growth for us. Together, we look forward to advancing NV5 as the preferred, single-source provider of engineering and technical services in the markets we serve."
Bryan Carruthers, the founder of Consilium Partners said, "Consilium's mission of providing world-class program management is well aligned with NV5 and its strong reputation for delivering similar services to some of the world's largest public and private organizations. NV5's expertise across a range of verticals will significantly enhance our ability to deliver superior technical engineering and consulting. We look forward to working closely with the NV5 team."
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