NV5 Acquires Herman Cx; Strengthens Domestic Data Center Commissioning Business

Core Insights - NV5 has completed the acquisition of Herman Cx, enhancing its capabilities in commissioning and conformity assessment services for hyperscale data centers [1][2] - The acquisition is expected to be immediately accretive to NV5's earnings and is part of the company's strategy to grow its domestic data center business [1][2] Company Overview - NV5 Global, Inc. provides technology, certification, and consulting solutions across various sectors, focusing on utility services, infrastructure engineering, construction quality assurance, buildings & technology, environmental health sciences, and geospatial services [5] - The company operates from over 100 offices nationwide and internationally [5] Acquisition Details - Herman Cx specializes in QA/QC support and commissioning services for mission-critical data centers, with over 90 years of combined employee experience in the sector [4] - The acquisition was executed through a combination of cash and stock [1] - Herman Cx has commissioned data center infrastructure up to 175 megawatts and offers comprehensive mission-critical testing and commissioning services [2][4] Strategic Growth - Data centers are a significant growth driver for NV5, contributing over 20% organic growth [3] - The acquisition is expected to create cross-selling opportunities for NV5's existing services, including MEP-technology design, fire protection, and power delivery [2][3]