Shares of NV5 Global are on the rise on Tuesday morning amid reports that the U.S. engineering consultant is exploring a sale. NV5, which has a market value of about $1.7B, is in the early stages of a sale process and is working with advisers to establish whether a deal would be financially attractive, according to Reuters, citing people familiar with the matter. NV5 has a real estate transaction services business that caters to commercial property, offering surveys and seismic risk assessments. This exposure to commercial real estate has weighed on NV5’s business and stock price, the publication noted. In Tuesday morning trading, shares of NV5 Global have gained about 6% to $109.97.
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