US: NV5 Global, a provider of professional and technical engineering and consulting solutions, announced today the completion of the previously announced acquisition of Geospatial Holdings, Inc. and its subsidiaries, including Quantum Spatial, Inc. (collectively, “QSI”), the nation’s largest independent geospatial analytics firm. NV5 acquired QSI in an all-cash transaction for approximately $318 million, including the amount by which QSI’s working capital exceeded the agreed target working capital figure and QSI’s closing date cash balances. NV5 expects the acquisition to expand and diversify NV5’s customer base to include new federal, state, and commercial clients in the high-growth geospatial data analytics market and, as a result, current 2020 guidance to be increased following a post-closing review of QSI opportunities and synergies.
NV5 will host a conference call to provide a strategic overview of the QSI acquisition and to discuss synergies and operating metrics and the anticipated increase in expected 2020 operating results. The call will be hosted by Dickerson Wright, Chairman and CEO of NV5 and Peter LaMontagne, President and CEO of QSI. A question and answer session will follow.
The conference call will be webcast live and available for replay via the “Investors” section of the NV5 website. The presentation slides to be covered during the conference call will also be posted on the site.
ROTH Capital Partners, LLC served as financial advisor, and BofA Securities and PNC Capital Markets provided the initial financing commitment for the acquisition.
