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Add-on acquisition Jan 2019 · United States

NV5 makes tuck-in acquisition of Celtic Energy

NV5 Global acquired energy consulting firm Celtic Energy in a cash-and-stock deal described as a tuck-in to support NV5's existing energy efficiency company Energenz and add new client verticals.

““This tuck-in acquisition will support our existing energy efficiency company, Energenz, as well as fuel the growth of Energenz’s energy efficiency and subscription-based revenues with the introduction of Celtic Energy’s new client mix including federal, state and local governmental agencies, health care providers, educational institutions, and large corporate property owners,” said Dickerson Wright, P.E., chairman and CEO, NV5.”

Entities

Celtic Energy Inc. · Target Energenz · Subsidiary NV5 Global Inc. · Acquirer
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Source: www.achrnews.com

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