NV5 Global (NVEE) Company Report

Acuren Corporation reported revenue of $313.9 million for the second quarter of 2025 , reflecting 2.0% organic growth year-over-year.
The company's net loss for Q2 2025 was $0.2 million , an improvement compared to a $5.5 million net loss in the prior year period.
Adjusted EBITDA for Q2 2025 was $54.6 million , with an Adjusted EBITDA margin of 17.4%.
Acuren completed its merger with NV5 Global, Inc. on August 4, 2025 , forming a market-leading $2 billion Testing, Inspection, Certification, and Compliance (TICC) and engineering services company.
Refreshed consolidated guidance for the combined business is expected to be provided with the third quarter earnings results in November 2025.

Aug 14, 2025, 11:00 AM

NV5 Acquires Professional Systems Engineering

NVEE

M&A

NV5 Global, Inc. announced on July 11, 2025, the acquisition of Professional Systems Engineering, LLC (PSE).
PSE specializes in designing security, safety, fire, and communication systems for high-security public sector facilities, including corrections and public safety infrastructure.
The acquisition, completed with a combination of cash and stock, is anticipated to be immediately accretive to NV5’s earnings.
This strategic move enhances NV5's leadership in technology design for public safety facilities and expands its market reach.

Jul 11, 2025, 12:02 PM

NV5 Global, Inc. Amends Key Executive Employment Agreements

NVEE

Executive Compensation

On May 14, 2025, the company amended employment agreements for key executives, including Richard Tong, MaryJo O’Brien, and Edward Codispoti.
The amendments introduce good leaver provisions that trigger immediate vesting of all equity awards upon termination for Good Reason, as well as severance benefits for qualifying exits.
The changes also update provisions on termination procedures, including notice requirements and cure periods, ensuring clarity on executive compensation terms.

May 20, 2025, 12:00 AM

NV5 Global, Inc. and Acuren Corporation Announce Merger

NVEE

M&A

Merger Announcement: NV5 Global, Inc. and Acuren Corporation have entered into a definitive merger agreement to combine their businesses, creating a global TICC and engineering services company with $2 billion in combined revenue.
Transaction Details: NV5 stockholders will receive $23.00 per share—comprising $10.00 in cash and $13.00 in Acuren common stock—reflecting a 32% premium and resulting in Acuren stockholders holding approximately 60% of the combined entity.
Synergy and Growth: The merger is expected to be immediately accretive for Acuren with anticipated near-term cost synergies of around $20 million, supporting increased growth opportunities.

May 15, 2025, 12:00 AM

NV5 Global Inc Reports Q1 2025 Earnings Results & Guidance Update

NVEE

Earnings

Guidance Update

M&A

Revenue Acceleration/Inflection

NV5 delivered a record Q1 2025 performance with gross revenues of $234M (up 10%), adjusted EBITDA of $29.7M, and net income soaring 456% to $0.4M .
Reaffirmed FY guidance with targets of 5–9% organic growth, 150bps margin expansion, and a $40M cross-selling goal, supported by a strong balance sheet (net leverage of 1.3x and $53M+ in cash) .
Implemented margin improvement initiatives that boosted adjusted EBITDA from $27.6M to $29.7M and completed three strategic acquisitions to drive operational efficiency and growth .
Achieved a 96% increase in cash flows from operating activities to $38.4M, while maintaining a robust rolling 12-month backlog of $906M .
Provided additional FY targets with revenue expected between $1.026B and $1.045B and GAAP EPS in the range of $0.52 to $0.62 per share .