NV5 Acquires Global Realty Services For Undisclosed Sum

NV5 Global Inc (NASDAQ:NVEE) has acquired Global Realty Services Group LLC (GRS) in an undisclosed all-cash transaction.
GRS delivers real estate due diligence services for commercial and industrial real estate transactions.
The company expects the acquisition to be immediately accretive to its earnings.
NV5 expects the addition of GRS's 154 full-time equivalent personnel, client list, and attractive end markets to help to drive additional growth.
"The addition of GRS to our existing real estate transaction services makes us the preeminent provider in the high-growth, high-margin real estate due diligence market," said Dickerson Wright, PE, Chairman & CEO of NV5.
The company held cash and cash equivalents of $121.39 million as of October 2, 2021.
Price Action: NVEE shares traded higher by 1.30% at $132.69 on the last check Thursday.

Benzinga