NV5 Secures $51 Million in New Contracts

12/19/17

HOLLYWOOD, Fla., Dec. 19, 2017 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (Nasdaq:NVEE), a professional and technical engineering and consulting solutions provider, announced today that it has secured $51 million in new contracts from national utility companies. The services will be provided over a two to five year period and include engineering, design, and surveying services for electrical transmission and distribution, substation, gas pipeline and communications projects.

Dickerson Wright, PE, Chairman and CEO of NV5, said, “The growth NV5 has realized within our power engineering services group is illustrative of our ability to grow organically, a key component of NV5’s strategy. Initially focused in our Southern California operations, Doug Taft, Director of NV5’s Power Group, and his leadership team have successfully leveraged our electrical and gas engineering service offerings throughout our national platform of offices and clients. Serving power utilities will continue to be a key component of NV5 total service offerings in the years to come.”

Doug Taft, Senior Vice President of NV5, said, “NV5 is uniquely positioned to meet the ever increasing demands of power utilities. We have successfully integrated former utility personnel with our team of electrical and gas engineers, designers, and technicians to give the utility companies confidence in NV5 as a place they can go to solve their specific technical problems as well as meeting their day to day needs.”

About NV5

NV5 Global, Inc. (NASDAQ:NVEE) is a provider of professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. NV5 primarily focuses on five business verticals: construction quality assurance, infrastructure engineering and support services, energy, program management, and environmental solutions. The Company operates out of more than 100 locations nationwide and abroad in Macau and Hong Kong. For additional information, please visit the Company’s website at www.NV5.com. Also visit the Company on Twitter, LinkedIn, Facebook, and Vimeo.

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