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NV5 Global (NVEE) Acquiring Vermont-Based Optimal Energy

Thursday, December 30, 2021 10:00 AM | Carl Pettit

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NV5 Global (NVEE) Acquiring Vermont-Based Optimal Energy

On Dec. 30, NV5 Global, Inc. (NVEE), headquartered in Hollywood, Florida, announced in a news release that it anticipates finalizing its acquisition of Vermont-based Optimal Energy, Inc. before December 31st.

As of 09:47 am EST today, NVEE stock gained 1.35% in price.

Optimal Energy, Inc.

Optimal is an energy consultancy concern focused on energy efficiency and renewable power as integrated resources for utilities, state regulatory bodies and energy advisory councils. “Optimal specializes in advising state energy efficiency advisory councils on program planning, cost-benefit analysis, and strategic guidance.”

Optimal has operated in 40 U.S. states, give or take, as well as seven Canadian provinces.

NV5 CEO Comments

“NV5’s energy efficiency and clean energy business has driven strong organic growth, and Optimal is the fourth acquisition we have made in the sector,” NV5 CEO Dickerson Wright pointed out. “As energy efficiency continues to grow in importance in the government and utility markets,” Wright added, “Optimal provides us with another specialized, high barrier to entry capability to differentiate NV5 and deliver value to our clients.”

Long-Term Technical Rank - 100

NVEE has a Long-Term Technical Rank of 100. Find out what this means to you and get the rest of the rankings on NVEE!

NV5 Global Inc is a provider of professional and technical engineering and consulting services, offering solutions to public and private sector clients in the energy, transportation, water, government, hospitality, education, healthcare, commercial and residential markets. It helps clients with plan, design, build, test, certify, and manages a wide variety of projects. The company provides a wide range of services, including, construction quality assurance, surveying, and mapping, design, consulting, program and construction management, permitting, planning, and compliance certification. The operating business segments are Infrastructure and Building, Technology & Sciences. The maximum revenue derives from the Infrastructure segment.

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