HOLLYWOOD, FL--(Marketwired - Aug 15, 2013) - NV5 Holdings, Inc. (the "Company") (
Dunn Environmental was purchased with a combination of cash and stock and is expected to be immediately accretive to NV5 earnings based on its project pipeline and clientele.
All Dunn Environmental staff and management have joined the NV5 team, including 25-year principal Patrick Dunn, M.S., P.G., C.Hg., who will continue to service their existing environmental client base and help grow the same vertical within NV5.
"The acquisition of Dunn Environmental adds to our environmental services vertical in Northern California and brings a strong list of clients in both the public and private sector," commented Dickerson Wright, chairman and CEO of NV5. "Dunn's extensive environmental, ground water and engineering geology experience are highly complementary to NV5. His commitment to innovation aligns with ours and we look forward to working with this highly capable team of environmental professionals."
Dunn commented: "Joining a full-service engineering company like NV5 brings our team an array of resources to expand our environmental service offerings. We look forward to leveraging NV5's wide-ranging experience and proven track record to better serve our clients in their environmental and water resource projects."
About Dunn Environmental, Inc.
Founded in 2004, Dunn Environmental specializes in environmental and water resource projects. The company has extensive experience with both private and public sector clientele. Dunn Environmental maintains extensive knowledge of ground water monitoring protocols, statistical database analyses, quality assurance and quality control plans for environmental and water resource programs. Capabilities include delivering services on time and within budget, while developing and implementing approaches that are technically sound. Dunn Environmental provides professional services toward the preparation of defendable monitoring and investigation programs using phased conceptual-model approaches to address state, federal and local requirements. The company is headquartered in El Dorado Hills, CA. For additional information, please visit the company's website at www.dunnenviro.com.
About NV5 Holdings, Inc.
NV5 Holdings, Inc. (
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements regarding the acquisition being immediately accretive to NV5's earnings. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained herein. Such factors include, but are not limited to: (a) changes in demand from the local and state government and private clients that we serve; (b) general economic conditions, nationally and globally, and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, or policies; and (e) the "Risk Factors" set forth in the Company's most recent SEC filings. All forward-looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements.