NV5 GLOBAL, INC. (NASDAQ:NVEE) Files An 8-K Completion of Acquisition or Disposition of Assets
Item 2.01 Completion of Acquisition or Disposition of Assets.
On May 1 and May 4, 2017, NV5 Global, Inc., a Delaware
corporation (the Company), completed the acquisitions of Lochrane
Engineering, Inc. (Lochrane), a transportation and civil
engineering company, and Holdrege Kull, Inc. (HK), a geotechnical
engineering, materials testing, and inspection company,
respectively. Lochrane is a civil engineering firm based in
Orlando, Florida with approximately $6.5 million in annual
revenues and 48 full-time employees. HK is a full-service
geotechnical engineering firm based in Nevada City, California
with approximately $6 million in annual revenues, 41 full-time
employees, and five office locations throughout California.
Each acquisition was made entirely in cash, with the exception of
certain shares of restricted stock granted to key employees.
Prior to entering into each transaction, there was no material
relationship between HK or Lochrane, as the case may be, and the
Company, any affiliate of the Company, or any director or officer
of the Company or any associate of any director or officer of the
Company.
Item2.02
Results of Operations and Financial
Condition.
On May 4, 2017, the Company issued a press release reporting its
unaudited financial results for the first quarter ended April 1,
2017. The information contained in this Item 2.02 (including
Exhibit 99.1) is furnished to Item 2.02 and shall not be deemed
to be filed for the purpose of Section 18 of the Securities
Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of that section.
The Company does not have, and expressly disclaims, any
obligation to release publicly any updates or any changes in the
Companys expectations or any change in events, conditions, or
circumstances on which any forward-looking statement is based,
except as required by law.
Item 9.01Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit No. |
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Description |
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99.1 |
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Press Release dated May 4, 2017. |
About NV5 GLOBAL, INC. (NASDAQ:NVEE)
NV5 Global, Inc., formerly NV5 Holdings, Inc., is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions. Its segments include infrastructure, engineering and support services (INF), which provides to clients an array of services in the area of engineering, design and support services, including energy services; construction quality assurance (CQA), which provides construction inspection; geotechnical and engineering services; construction claims and litigation services, and environmental quality testing services, and program management services (PM), which provides program management for transportation and vertical construction projects, including construction management. NV5 GLOBAL, INC. (NASDAQ:NVEE) Recent Trading Information
NV5 GLOBAL, INC. (NASDAQ:NVEE) closed its last trading session down -0.65 at 38.20 with 38,046 shares trading hands.