About NV5 Global
NV5 Global, Inc. (NV5 Global) is a provider of technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets, operating nationwide and abroad. The company's clients include the U.S. Federal, state and local governments, and the private sector. NV5 Global provides a wide range of services, including but not limited to, utility services, commissioning, LNG services, building program management, engineering, environmental health & safety, civil program management, real estate transaction services, surveying, energy efficiency & clean energy services, construction quality assurance, mission critical services, code compliance consulting, 3D geospatial data modeling, forensic services, environmental & natural resources, litigation support, robotic survey solutions, ecological studies, geospatial data applications & software, and MEP & technology design. The company derives a majority of its gross revenues from public and quasi-public governmental agencies. The company operates its business from over 100 locations in the U.S. and abroad. All of the company's offices utilize its shared services platform, which consists of human resources, marketing, finance, information technology, legal, corporate development, and other resources. The platform is scalable and optimizes the performance and efficiency of the company's business as the company grows. The company's centralized shared services platform allows the company to better manage its business through the application of universal financial and operational controls and procedures and increased efficiencies, and drives lower-cost solutions. The company's primary clients include the U.S. Federal, state, municipal, and local government agencies, and military and defense clients. The company also serves quasi-public and private sector clients from the education, healthcare, utility services, and public utilities, including schools, universities, hospitals, health care providers, and insurance providers. The company continues to work with many clients, including: Airports: Boston Logan Airport, MA; Chicago O'Hare International Airport, IL; Dallas Fort Worth International Airport, TX; Fort Lauderdale Hollywood International Airport, FL; JFK International Airport, NY; Los Angeles World Airports, CA; McCarran International Airport, NV; Miami International Airport, FL; Orlando International Airport, FL; and San Diego International Airport, CA. Commercial: Bronx Zoo Astor Court Reconstruction, NY; Cleveland Museum of Art, OH; Las Vegas City Hall, NV; Manhattan Waterfront Greenway Improvement, NY; Massachusetts Division of Capital Asset Management, MA; Rose Bowl Stadium, CA; and The National World War II Museum, LA. Healthcare: Atrium Health, NC; Boston Children's Hospital, MA; Cleveland Clinic, OH; Tufts Medical Center, MA; and University of Kansas Medical Center, KS. Military: National Geospatial-Intelligence Agency; Peterson Air Force Base, CO; the U.S. Army Corp Engineers; the U.S. Department of Defense; and U.S. Department of Veteran Affairs. Power and Utilities: Duke Energy, NC; Florida Power and Light, FL; Minnesota Power, MN; National Grid; New York Power Authority, NY; NextEra Energy, FL; PECO Energy Company; Piedmont Natural Gas, NC; Portland General Electric, OR; Potomac Electric Power Company; Sabal Trail Transmission Company; San Diego Gas & Electric, CA; Southern California Gas Company, CA; and Spectra Energy, TX. Transportation: California Department of Transportation, or Caltrans, CA; California High Speed Rail, CA; Caldecott Tunnel; Colorado Department of Transportation; County of Merced, CA; Florida Department of Transportation; Georgia Department of Transportation; Illinois Department of Transportation; Macau Light Rail System; Massachusetts Port Authority; New Jersey Department of Transportation, NJ; New Jersey Turnpike Authority, NJ; New Mexico Department of Transportation; New York Department of Transportation, NY; North Carolina Department of Transportation; Oregon Department of Transportation; Port Authority of New York and New Jersey; South Carolina Department of Transportation; Utah Department of Transportation, UT; and Wisconsin Department of Transportation. Water: California Department of Water Resources; Colorado Water Conservation Board; Metropolitan Water District of Southern California, CA; National Oceanic and Atmospheric Administration (NOAA); Poseidon Desalination Plant, CA; South Florida Water Management District, FL; and Southwest Florida Water Management District. Education and Public Institutions: Colorado State University; Florida State University, FL; Harvard University, MA; Michigan State University, MI; Princeton University, NJ; Rutgers University, NJ; Rice University, TX; Stanford University, CA; University of San Diego, CA; University of Illinois, IL; University of Iowa, IA; University of Maryland, MD; University of Massachusetts, MA; University of Miami, FL; University of Minnesota, MN; University of North Carolina, NC; University of Texas, TX; University of Utah, UT; University of Virginia, VA; Wake Forest University, NC; Federal, State, Municipal and Local Government Agencies; Broward County, FL; California Department of Resources; City of Albuquerque, NM; City of Austin, TX; City of Bakersfield, CA; City of Carlsbad, CA; City of Colorado Springs, CO; City of Fresno, CA; City of Miami, FL; City of Oceanside, CA; City of Pasadena, CA; City of Philadelphia, PA; City of Phoenix, AZ; City of Sacramento, CA; City of San Diego, CA; Commonwealth of Kentucky; County of San Diego, CA; Imperial County, CA; Kentucky Commonwealth Office of Technology; Los Angeles Department of Public Works, CA; Miami-Dade County, FL; Minnesota Department of Natural Resources; Montana Department of Natural Resources and Conservation; National Aeronautics and Space Administration; National Oceanic and Atmospheric Administration; New York City Economic Development Corporation, NY; New York Department of Environmental Protection; New York City Housing Authority, NY; New York City Parks, NY; North Carolina Department of Information Technology; North Central Texas Government; Oregon Geospatial Enterprise Office; Oregon LiDAR Consortium; San Diego County, CA; Santa Clara County Government, CA; the U.S. Bureau of Land Management; the U.S. Department of Energy; the U.S. Department of Homeland Security; the U.S. Environmental Protection Agency; the U.S. Geological Survey (USGS); Washington Department of Natural Resources; and Worcester Housing Authority. Growth Strategies The company's growth strategies are to seek strategic acquisitions to enhance or expand the company's services offerings; and continue to focus on public sector clients while building private sector client capabilities. Reportable Segments The company's operations are organized into the following three operating and reportable segments: Description of Services Infrastructure segment Infrastructure ('INF') includes the company's engineering, civil program management, utility services, and construction quality assurance practices. Infrastructure, Engineering, and Support Services The company provides its clients with a broad array of services in the areas of infrastructure, engineering, and support. The company's integrated approach provides its clients with consistency and accountability for the duration of the project and allows the company to create value by maximizing efficiencies of scale. The company's services include: Site Selection and Planning. The site selection phase includes access assessment, parcel identification, easement descriptions, land use permitting, pipeline routing analysis, site constraints analysis, surveying and mapping, and regulatory compliance. Design. The design phase includes architecture, engineering, planning, urban design, landscape architecture, road design, grading design, alignment design, laydown design, station pad design, storm drain design, storm water management, water supply engineering, site planning and profile drawings, and construction cost estimating. Water resources. The company assists its clients with a variety of projects related to water supply and distribution (such as hydrogeological investigations and groundwater development), water treatment (including designing and implementing water reclamation, recycling, and reuse projects), and wastewater engineering (including wastewater facility master planning and treatment, designing and implementing collection, treatment and disposal systems, and water quality investigations). Transportation. The company provides its clients with services related to street and roadway construction (including alignment studies, roadway inspections, and traffic control planning), the construction of highways, bridges and tunnels, and the development of rail and light rail systems. Structural engineering. The company's structural team provides design, inspection, rehabilitation, and seismic upgrade services that include structural analysis and design, plans, specifications and estimates, structural construction management, conceptual design studies, cost studies, seismic analysis, design and retrofit, structural evaluations, earthquake damage assessments, structural repair design, and regulatory agency permitting services. Examples of the company's projects include office and industrial facilities, major highway and railroad crossings, complex rail and light rail structures, and a wide range of water-related facilities. Land development. The company assists its clients with many of the front-end challenges associated with private and public land development, including planning, public outreach, sustainability, flood control, drainage, and landscaping. Surveying. The company is equipped to provide its clients with a full suite of traditional surveying techniques, as well as cutting edge technology services, including high-definition surveying services / 3D laser scanning, and unmanned aerial vehicle LiDAR mapping. The company's services can be used to determine current site condition, provide real-time infrastructure measuring and mapping, preserve historic sites, aide in forensic and accident investigations, determine volume calculations, and conduct surveys for project progress. Power delivery. The company's power delivery services include both electrical power delivery (such as substation engineering, overhead and underground electrical transmission, and distribution design, and site civil engineering) and gas distribution and transmission services (such as pipeline design, pipeline integrity evaluations, and regulator metering station design). These services facilitate the development of comprehensive plans and improvements that lead to lower operational costs and improved efficiency. Building code compliance. The company offers a broad array of outsourcing services, including building code plan review, code enforcement, permitting and inspections, and the administration of public works projects and building departments. Other services. Through the company's geographic information system services, the company can provide clients with ancillary services that include infrastructure management, property management, asset inventory, landscape maintenance, web-based mapping services, land use analysis, terrain analysis and visualization, suitability and constraints analysis, hydrology analysis, biological, agricultural and cultural inventories, population and demographic analysis, shortest path analysis, street grid density, transportation accessibility analysis, watershed analysis, floodplain mapping, groundwater availability modeling, flood insurance study preparation, risk and HAZUS mitigation assessment and analysis, mapping, data tracking, and data hosting. Construction Quality Assurance The company provides construction quality assurance services with respect to diverse projects including municipalities, departments of transportation, public and private buildings, major mixed-use projects, hospitals, senior living facilities, professional sports stadiums, cultural and performing arts centers, airports, hotels, hospitals and health care facilities, major public and private universities, and K-12 school districts. The company offers these services on an 'a la carte' or integrated start-to-finish basis that is intended to guide a client through each phase of a construction project. The company's construction quality assurance services generally include geotechnical studies, site inspections, audits, and evaluations of materials and workmanship necessary to determine and document the quality of the constructed facility. Before a project commences, the company offers its clients a variety of assessment services, including environmental, geotechnical, and structural suitability. The company performs these pre-construction evaluations in order to help detect any potential problems with the proposed site that could prevent or complicate the successful completion of the project. In addition, the company evaluate the onsite building conditions and recommend the best methods and materials for site preparation, excavation, and building foundations. During development, the company helps its clients design a comprehensive construction plan, including a summary of planned construction activities, sequence, critical path elements, interrelationships, durations, and terminations. Construction planning services may also include developing procedures for project management, the change order process, and technical records handling methodology. The company offers inspection services for each phase of a project, including excavation, foundations, structural framing, mechanical heating and air conditioning systems, electrical systems, underground utilities, and building water proofing systems. Where applicable, the company employs additional methods to test materials and building quality. The company maintains contact with its clients' program managers and, as issues are detected or anticipated, help them identify the most appropriate, cost-effective solutions. The company periodically provides construction progress inspections and assessment reports. When a project is complete, the company prepares an evaluation report of the project and certify the inspections for the client. After construction, the company offers periodic building inspection services to ensure that the building is maintained in accordance with applicable building codes and other local ordinances to maximize the life of the project. The company also offers indoor environmental quality testing during this period. The company's services include: Construction Materials Testing and Engineering Services. The company provides materials testing services related to concrete, steel, and other structural materials used in construction. The company is equipped to provide these services in fabrication plants, in the company's laboratories, and at the project or construction site itself. The company's field personnel work directly under the supervision of licensed engineers and maintain individual licenses and certifications in their respective areas of expertise. All the company's in-house laboratories are inspected routinely by agencies, including or similar to the Cement and Concrete Reference Laboratory ('CCRL') of the National Institute of Standards and Measures. In addition, the company's laboratories participate in proficiency programs conducted by the CCRL and the American Association of State Highway & Transportation Officials. Geotechnical Engineering and Consulting Services. The company provides a wide variety of geotechnical engineering and consulting services. These services allow the company's clients to determine whether sites are suitable for proposed projects and to design foundation plans that are compatible with project site and use conditions. The company has experienced geotechnical engineers, geologists, and earth scientists who provide these services nationwide. Forensic Consulting. In the event of damage to a structure by natural or man-made causes, the company's professional staff is qualified to provide forensic consulting and analysis, as well as expert witness services. The company provides a wide variety of forensic consulting services, including studies related to building code compliance, environmental compliance, building envelope, water intrusion, and claims involving insurance. Civil Program Management Civil program management provides for transportation and water infrastructure projects, including the company's construction management activities. The company's services consist of providing a wide variety of governmental outsourcing services and consulting services that assist agencies with compliance related to technical government regulations, technical and industry standards. The company offers a broad array of technical outsourcing services, including staff augmentation and traffic studies. The company's program management services are not performed on an at-risk basis; services are performed under a unit price fee arrangement, which is not outcome-based. Program management also includes project administration, including bid and award assessment, monitoring services for active projects, scheduling assistance, drawing review, permit, approval and review processing, contractor, designer and agency coordination, cost control management, progress payment management, change order administration, compliance inspections, constructability review, as needed, and evaluation of cost reduction methods. For building departments specifically, the company typically provides a turnkey solution in exchange for a percentage of the building permit fees collected or a minimum monthly retainer. Although the company plans to grow its program management services organically through the numerous contacts and client relationships the company has with the U.S. Federal, state and local governments, tribal nations, and educational institutions, the company is also actively targeting acquisition opportunities that provide program management services. Buildings, Technology & Sciences segment Building, Technology & Sciences ('BTS') includes the company's environmental health sciences, clean energy consulting, buildings and program management, and MEP & technology design practices. Buildings Mechanical, Electrical, and Plumbing Design The company designs integrated facilities that reduce capital, energy, maintenance, and operations costs and use technologies to virtualize the building process and improve collaboration. Mechanical - HVAC system design, air quality management, building automation and control, and sustainability consulting. Electrical - code consulting, infrastructure design, standby power, building automation, intelligent lighting control, and solar power. Plumbing - needs analysis, system design, construction administration, and evaluation for fresh, waste, and water system design, gas supply systems, drainage systems, and water conservation and recovery. Commissioning The company provides its clients with a collaborative resource, ensuring that building owners and operators benefit from improved systems performance. The company's proprietary Lifecycle Commissioning is a systematic, engineering-based process that optimizes building efficiency from initial project concept to decommissioning. In addition, the company provides retro-commissioning on existing facilities not originally commissioned which can result in energy consumption savings. Energy Performance, Management, and Optimization The company assists building owners and operations in the reduction of both energy and operational costs. The company helps its clients to identify and implement energy performance strategies that improve operating efficiency and reduce greenhouse gas emissions, which entails load shaping and efficiency, fuel switching, aggregation, cogeneration, and other renewable energy alternatives. The company's energy performance services include energy master planning, energy assessments, integrated management of energy supply and demand, renewable energy, smart grid systems, cogeneration, load response strategies and systems, energy modeling, and energy star. The company expects demand for these services to rise as a focus on energy efficiency services at the company's federal government and private sector clients has grown strong in recent years. Climate Change and Reducing CO2 Emissions The company's business plays an important role in the drive to lower CO2 emissions. The company is committed to reducing CO2 emissions by helping the company's clients achieve their goals for a sustainable and socially-responsible future by offering services that include certifying sustainable development, improving energy efficiency of buildings, supporting decarbonization, and designing clean, efficient buildings. Building Program Management The company provides services for vertical construction projects, including project controls and Building Information Modeling services. The construction and program management phase includes plan review, bid and award assessment, monitoring services for active construction sites, scheduling assistance, drawing review, permit, approval and review processing, contractor, designer and agency coordination, cost control management, progress payment management, change order administration, compliance inspections, and evaluation of cost reduction methods. The company provides program management services, which primarily consist of pre-construction and construction consulting services that assist in owners' representation. The company's program management services are not at-risk services; they are performed under a unit price fee arrangement, which is not outcome-based. Program management also includes project administration, including bid and award assessment, monitoring services for active projects, scheduling assistance, drawing review, permit, approval and review processing, contractor, designer and agency coordination, cost control management, progress payment management, change order administration, compliance inspections, constructability review, as needed, and evaluation of cost reduction methods. Audiovisual Technology Acoustical Design Consulting The company provides sound and noise isolation, vibration mitigation, and acoustical optimization services in sophisticated entertainment and hospitality environments. Audiovisual - Security and Surveillance The company provides needs assessments, infrastructure design, systems design, construction monitoring, and acceptance testing. Mission Critical IT - Data Center The company provides specialized technical expertise to deliver dependable services to support the mission critical nature and high energy demands of data center infrastructure. The company's services include systems and technology design, testing and commissioning, modeling and analytics, installation monitoring, and due diligence consulting. Environmental Services The environmental services the company offers include occupational health, safety, and environmental consulting and testing as well as environmental real estate transactional services. More specifically, the company's experts investigate and analyze environmental conditions both outside and inside a building, and recommend corrective measures and procedures needed to comply with workplace occupational health and safety programs. The company's occupational health and safety services include workplace safety audits, ergonomics studies, emergency preparedness plans and response services, and workplace monitoring in regulated industries. The company also specializes in the provision of radiation exposure and protection services, as well as nuclear safety and industrial hygiene analyses. The company has actively expanded NV5's nationwide capabilities in recent years to support the company's clients' environmental and sustainability initiatives, including sustainable infrastructure, clean energy, energy efficiency, environmental compliance, and water and natural resource management. Environmental services also include hydrogeological modeling and environmental programs that assist the company's public agencies and private clients to comply with the U.S. Federal, state, and local requirements for groundwater resource assessments, water resource planning, monitoring and environmental management of wastewater facilities, solid waste landfill investigations, permitting and compliance, storm water pollution, environmental impact statement support, agricultural waste management and permitting, and wetland evaluations. Geospatial Solutions segment Geospatial Solutions ('GEO') includes the company's geospatial solution practices. The company's geospatial solutions include a full spectrum of geospatial data analytic capabilities that leverage leading-edge remote sensing technology and proprietary solutions. More specifically, the company's proprietary and analytic solutions include autonomous solutions, subscription software, automated enrichment, proprietary algorithms, and cloud-based data engagement. The company provides remote sensing and data analytics to enable asset management, reliability and maintainability of assets, safety, and predictive modeling. The company's geospatial services assist utilities in vegetation management of assets (i.e., overhead power transmission and distribution lines). This entails providing data used by utilities to monitor and control vegetation growth potential close to their assets for regulatory compliance requirements which enhance visibility and long-term stability. The trend towards use of remote sensing and analytics by utilities is rapidly replacing 'boots on the ground' inspection with more reliable and accurate monitoring. The company's geospatial mapping capabilities include topobathymetric nearshore analytics in analyzing nearshore underwater terrain (too shallow for sonar and not visible with topographic LiDAR) and deep-water sonar-based analytics. This service provides government agencies with data used in coastal management, offshore wind power, shoreline mapping, underwater habitat modeling, nautical charting, floodplain analysis, environmental ecology, and hydrological resource management. Climate change, extreme weather incidents, and water conservation efforts combine to make the data and services the company provides invaluable to agencies that utilize these data sets produced by the company's geospatial mapping services. Key Clients and Projects The company serve approximately 11,200 clients. The company's ten largest clients accounted for approximately 27% of its gross revenues during the year ended December 30, 2023. Although the company serves a highly diverse client base, during the year 2023 approximately 68% of the company's gross revenues were attributable to public and quasi-public sector clients. Public sector clients include the U.S. Federal, state, and local government departments, agencies, systems, and authorities; transportation agencies; educational systems; and public housing authorities. Quasi-public sector clients include utility service providers, energy producers, and healthcare providers. Of the company's private sector clients, the company's largest clients include institutions, large companies with offices, industrial facilities, plants, REITs, construction engineering firms, and institutional property owners. Marketing and Sales The company strives to position itself as a preferred, single-source provider of professional and technical consulting, and certification services to the company's clients. The company obtains client engagements primarily through business development efforts, cross-selling the company's services to existing clients, and maintaining client relationships, as well as referrals from existing and former clients. The company's business development efforts emphasize lead generation, industry group networking, and corporate visibility. Most of the company's business development efforts are led by members of the company's engineering and other professional teams who are also responsible for managing projects. The company's business development efforts are further supported by its shared services marketing group, which consists of a seasoned marketing team and marketing support personnel located at the company's corporate headquarters and operating units. As the company's service offerings continue expanding, the company anticipates increasing its cross-selling opportunities. The company is often able to offer its construction quality assurance services to clients in conjunction with the company's infrastructure, engineering, and support services. Another significant area of cross-selling has been the company's ability to leverage its electrical and gas design services throughout the company's national geographic network of offices by introducing the company's services to new utility service organizations. The company is committed to maintaining its client relationships by remaining responsive to the company's clients' needs and continuing to offer a broad range of quality service offerings and value-added solutions. Seasonality Historically, the company's operating results in the months of November through March have generally been weaker compared to the company's operating results in other months primarily due to adverse weather conditions and the holiday season. Regulation The company contracts with various U.S. governmental agencies and entities. The company is also subject to the requirements of the U.S. Occupational Safety and Health Act ('OSHA') and comparable state statutes that regulate the protection of the health and safety of workers. Internationally, the company is subject to various government laws and regulations (including the Foreign Corrupt Practices Act ('FCPA') and similar non-U.S. laws and regulations), export laws and regulations (including International Traffic in Arms Regulations ('ITAR'), Export Administration Regulations ('EAR'), and trade sanctions against embargoed countries to the extent the company exports technical services, data, products, and equipment outside of the United States), local government regulations, procurement policies and practices, and varying currency, political, and economic risks. History The company was founded in 1949. It was incorporated in 2011. The company was formerly known as NV5 Holdings, Inc. and changed its name to NV5 Global, Inc. in 2015.
