v3.25.2
Organization and Nature of Business Operations
6 Months Ended
Jun. 28, 2025
Accounting Policies [Abstract]  
Organization and Nature of Business Operations Organization and Nature of Business Operations
Business
NV5 Global, Inc. and its subsidiaries (collectively, the “Company” or “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 servicesCommissioning
LNG servicesBuilding program management
EngineeringEnvironmental health & safety
Civil program managementReal estate transaction services
SurveyingEnergy efficiency & clean energy services
Conformity assessmentMission critical services
Code compliance consulting3D geospatial data modeling
Forensic servicesEnvironmental & natural resources
Litigation supportRobotic survey solutions
Ecological studiesGeospatial data applications & software
MEP & technology design
On May 15, 2025, the Company and Acuren Corporation announced that they had entered into a definitive agreement to combine the two companies (the "Merger"). The Merger was subject to a vote of shareholders and was approved on July 31, 2025. NV5 stockholders will receive $23.00 per share consisting of $10.00 in cash and $13.00 in shares of Acuren at closing, subject to adjustment as disclosed in the Joint Proxy Statement/Prospectus relating to the Merger and provided to stockholders of both companies. Upon closing of the transaction, current NV5 stockholders are expected to own approximately 40% of the combined company.
Fiscal Year
The Company operates on a "52/53 week" fiscal year ending on the Saturday closest to the calendar quarter end.