NV5 Acquires River City Testing In All-Cash Deal

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  • NV5 Global Inc NVEE has acquired River City Testing, Inc. (RCT), a provider of materials testing and special inspection services, in an all-cash transaction. Deal terms were not disclosed.
  • Founded in 2007, RCT is primarily focused on public education facilities in Southern California's Inland Empire Region and operates out of its materials testing laboratory in Riverside, California.
  • The acquisition strengthens NV5's testing, inspection, and consulting capabilities in the region and gives it a materials testing laboratory to support engineering operations in Riverside County and San Bernardino County.  
  • NV5 expects the deal to be immediately accretive to its earnings. It held cash and equivalents of $47.98 million as of January 1, 2022.
  • Price Action: NVEE shares are trading higher by 0.57% at $121.72 on the last check Wednesday.
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