NV5 Global in pact to acquire GIS Solutions, no terms disclosed

NV5 Global, announced that it has reached an agreement to acquire GIS Solutions a full range provider of enterprise geographic information system GIS technologies and services including GIS application development, cloud-based database design, data science, and project management. GIS Solutions supports state departments of transportation and utilities by developing solutions that monitor asset management, expedite efficient service delivery, and deliver real-time mapping and incident reporting. The acquisition was made with a combination of cash and stock and will be immediately accretive to NV5’s earnings.”Tech-enabled services, such as geospatial solutions, have grown as a percentage of NV5’s revenue as we focus on services with higher margins and more rapid scalability than traditional surveying services, and we are pleased to add GIS Solutions to the NV5 organization,” said Dickerson Wright, PE, Executive Chairman of NV5. “We will continue to identify and pursue opportunities in geospatial and other tech-enabled service categories to drive margin expansion and organic growth throughout NV5.” “We are excited to join the NV5 team, and we look forward to the growth opportunities available to our valued employees as part of the nation’s largest geospatial data analytics firm,” said Jim Conlon, President of GIS Solutions.