NV5 Acquires Herman Cx; Strengthens Domestic Data Center Commissioning Business [Yahoo! Finance]
NV5 Global, Inc. (NVEE)
Last nv5 global, inc. earnings: 2/26 04:01 pm
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Source: Yahoo! Finance
solutions, announced today that it completed the acquisition of Herman Cx, a provider of commissioning and conformity assessment services for hyperscale data centers. Founded in 2016, Herman Cx supports data center infrastructure for U.S. technology companies, the financial services sector, and co-location data centers across the United States. The acquisition was made with a combination of cash and stock and will be immediately accretive to NV5's earnings. “The acquisition of Herman Cx is another positive step in the growth of NV5's domestic data center business, expanding our commissioning capabilities for hyperscale data centers,” said Ben Heraud, CEO of NV5. “Mission critical commissioning provides cross-selling opportunities for our MEP-technology design, fire protection, and power delivery services, and it delivers a recurring revenue stream long after the design and construction of data center facilities.” The company's engineers and commissioning authorities deliver design
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