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Kodiak Gas Services Set to Join S&P SmallCap 600
Prnewswire· 2025-08-01 21:54
Group 1 - Kodiak Gas Services Inc. will replace NV5 Global Inc. in the S&P SmallCap 600 effective August 6, 2025 [1] - Acuren Corp. is acquiring NV5 Global in a deal expected to be completed soon pending final conditions [1] - The addition of Kodiak Gas Services and deletion of NV5 Global will take place prior to the opening of trading on the effective date [1] Group 2 - Kodiak Gas Services is classified under the Energy sector, while NV5 Global is classified under the Industrials sector [1]
NV5 Stockholders Approve Proposed Merger with Acuren Corporation
GlobeNewswire News Room· 2025-07-31 15:34
Core Viewpoint - NV5 Global, Inc. has received approval from a majority of its stockholders for the proposed merger with Acuren Corporation, indicating strong support for the transaction [1][2]. Summary by Sections Merger Details - The merger agreement stipulates that NV5 stockholders will receive approximately $23.00 per share, which includes $10.00 in cash and $13.00 in Acuren common stock, subject to a 10% collar feature [2]. - Upon completion of the merger, pre-merger NV5 stockholders are expected to own about 40% of the combined company's common stock, while pre-merger Acuren stockholders are expected to own approximately 60% [2]. - The transaction is anticipated to close promptly in August 2025, pending customary closing conditions [2]. Regulatory Filings - NV5 has filed a definitive joint proxy statement/prospectus with the SEC on July 2, 2025, which was supplemented on July 21 [3].
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates NVEE and TASK on Behalf of Shareholders
GlobeNewswire News Room· 2025-07-18 12:21
Group 1 - Halper Sadeh LLC is investigating NV5 Global, Inc. for potential violations related to its sale to Acuren Corporation, where NV5 shareholders will receive approximately $23.00 per share, consisting of $10.00 in cash and an estimated $13.00 in Acuren common stock [1] - TaskUs, Inc. is also under investigation for its sale to affiliates of Blackstone and executives and founders of TaskUs for $16.50 per share [2] - The firm may seek increased consideration for shareholders, additional disclosures, and other relief on behalf of shareholders, operating on a contingent fee basis [3] Group 2 - Shareholders are encouraged to contact Halper Sadeh LLC free of charge to discuss their legal rights and options [4]
SHAREHOLDER BUYOUT INVESTIGATION ALERT: Kaskela Law LLC Announces Investigation into Proposed Buyout of NV5 Global, Inc. (NASDAQ: NVEE) Shareholders – Does $23.00 Per Share Represent Sufficient Payment to NV5 Investors?
GlobeNewswire News Room· 2025-07-14 18:45
Core Viewpoint - Kaskela Law LLC has initiated an investigation into the fairness of the proposed buyout of NV5 Global, Inc. to assess whether the buyout price undervalues the company's shares [1][3]. Buyout Details - NV5 announced an agreement to be acquired by Acuren Corporation at a price of $23.00 per share, which includes $10.00 in cash and $13.00 in Acuren's stock [2]. - Following the transaction, NV5's shareholders will be cashed out, and the company's shares will cease to be publicly traded [2]. Investigation Focus - The investigation aims to determine if the buyout price is too low and whether NV5's officers or directors breached their fiduciary duties or violated securities laws in agreeing to the $23.00 price [3]. - At the time of the announcement, at least one stock analyst had a price target of $28.00 per share for NV5, indicating a potential undervaluation [3]. Shareholder Actions - NV5 shareholders who believe the buyout price is inadequate are encouraged to contact Kaskela Law LLC for information regarding their legal rights and options [4].
NV5 Acquires Professional Systems Engineering; Strengthens Technology Design for Public Safety Facilities
Globenewswire· 2025-07-11 12:00
Core Insights - NV5 has acquired Professional Systems Engineering, LLC (PSE), enhancing its capabilities in designing facility technologies for corrections and public safety infrastructure [1][2] - The acquisition is expected to be immediately accretive to NV5's earnings and strengthens its leadership position in a specialized sector with high barriers to entry [2] Company Overview - NV5 Global, Inc. specializes in tech-enabled engineering, certification, and consulting solutions, focusing on infrastructure resilience and building systems performance [4] - PSE, founded in 1986, provides engineering, planning, design, and construction services for various sectors, including justice, corrections, education, healthcare, and manufacturing [3] Strategic Implications - The acquisition allows NV5 to expand its reach into a sector with specialized building technology requirements, leveraging PSE's existing contracts with state, local, and educational agencies in the Northeast [2] - NV5 operates over 100 offices nationwide and abroad, positioning itself to integrate PSE's services across its network [4]
NV5 GLOBAL SHAREHOLDER NOTICE: Kaskela Law LLC Announces Investigation into Proposed Buyout of NV5 Global, Inc. (NASDAQ: NVEE) Shareholders – Does $23.00 Per Share Represent Sufficient Consideration for NVEE Shares?
GlobeNewswire News Room· 2025-07-09 15:53
Core Viewpoint - Kaskela Law LLC is investigating the fairness of the proposed buyout of NV5 Global, Inc. at a price of $23.00 per share, which may undervalue the company's shares [1][2]. Group 1: Buyout Details - NV5 announced an agreement to be acquired by Acuren Corporation at a price of $23.00 per share, consisting of $10.00 in cash and $13.00 in Acuren's stock [2]. - Following the transaction, NV5's shareholders will be cashed out, and the company's shares will no longer be publicly traded [2]. Group 2: Investigation Focus - The investigation aims to determine if NV5's investors are receiving adequate financial consideration for their shares and whether the company's officers or directors breached fiduciary duties or violated securities laws in agreeing to the buyout price [3]. - At the time of the announcement, at least one stock analyst had a price target of $28.00 per share for NV5, indicating a potential undervaluation in the buyout offer [3].
NV5 GLOBAL BUYOUT INVESTIGATION ALERT: Kaskela Law LLC Announces Investigation into Proposed Buyout of NV5 Global, Inc. (NASDAQ: NVEE) Shareholders - Does $23.00 Per Share Represent Sufficient Consideration for GES Shares?
Prnewswire· 2025-07-07 23:58
Core Viewpoint - Kaskela Law LLC has initiated an investigation into the fairness of the proposed buyout of NV5 Global, Inc. to assess whether the buyout price adequately reflects the company's value [1][3]. Group 1: Buyout Details - NV5 announced an agreement to be acquired by Acuren Corporation at a price of $23.00 per share, which includes $10.00 in cash and $13.00 in Acuren's stock [2]. - Following the transaction's completion, NV5's shareholders will be cashed out, and the company's shares will cease to be publicly traded [2]. Group 2: Investigation Focus - The investigation aims to determine if NV5's investors are receiving sufficient financial consideration for their shares and whether the company's officers or directors violated fiduciary duties or securities laws in agreeing to the buyout price [3]. - At the time of the announcement, at least one stock analyst had a price target of $28.00 per share for NV5, indicating a potential undervaluation in the proposed buyout [3].
NV5 Awarded $20 Million in New York City Park Facilities Design and Construction Management Contracts
Globenewswire· 2025-06-30 12:00
Core Insights - NV5 has been awarded over $20 million in contracts by the New York City Department of Parks and Recreation for engineering design and construction management to improve parks and recreational facilities [1][2][3] - The company has a 20-year relationship with NYC Parks, supporting the design and construction of over 1,700 parks and recreational spaces [1][3] - The improvements aim to enhance user experience and quality of life, providing attractive and resilient amenities for various recreational programs [2][3] Company Overview - NV5 Global, Inc. is a leading provider of tech-enabled engineering, testing, inspection, and consulting solutions for the built environment [4] - The company specializes in engineering design, asset management, and geospatial data analytics to support infrastructure resilience and building systems performance [4] - NV5 operates from more than 100 offices nationwide and internationally [4]
NV5 Awarded $5 Million in High-Voltage Data Center Substation Design Services
Globenewswire· 2025-06-09 12:00
Core Insights - NV5 has been awarded a $5 million contract to provide engineering design services for high-voltage substations supporting data centers in Georgia and Nevada [1] - The company emphasizes its competitive advantage in supporting the operability of data centers and the necessary utility infrastructure [2] - NV5 specializes in tech-enabled engineering, testing, inspection, and consulting solutions for the built environment, operating over 100 offices [3] Company Overview - NV5 Global, Inc. (NASDAQ: NVEE) is a leading provider of engineering, certification, and consulting solutions [3] - The company focuses on engineering design, asset management, and geospatial data analytics to enhance infrastructure resilience [3] - NV5 operates both nationally and internationally, providing services throughout the entire asset lifecycle [3] Services Provided - NV5 will deliver materials development specifications, design engineering, construction oversight, and coordination between electric utilities and data center development teams [1] - Essential services include relay settings, SCADA and HMI programming, and comprehensive power system studies for substations operating between 120 kV and 345 kV [2] - The designs will feature multiple incoming transmission lines, high-capacity transformers, and advanced switchgear to ensure reliability and operational flexibility [2]
NV5 Awarded $250 Million NOAA Contract to Advance National Shoreline Mapping and Coastal Resilience
Globenewswire· 2025-06-05 12:00
Core Insights - NV5 has been awarded a five-year contract by NOAA valued at up to $250 million for shoreline mapping services [1][3] - The contract will support NOAA's Coastal Mapping Program, enhancing nautical charts and coastal applications [3][4] - NV5's expertise in geospatial services positions the company favorably despite recent federal funding cuts [4] Company Overview - NV5 Global, Inc. specializes in tech-enabled engineering, testing, inspection, and consulting solutions for the built environment [4] - The company operates over 100 offices both domestically and internationally [4] - NV5 focuses on engineering design, asset management, and geospatial data analytics to support infrastructure resilience [4]