NV5 Stockholders Approve Merger with Acuren, Receive $23.00 per Share

NV5 Global announced that a majority of its outstanding common stockholders voted to approve the proposed merger with Acuren Corporation. Under the terms of the merger, NV5 stockholders will receive $23.00 per share in cash and Acuren common stock. Upon completion, pre-merger NV5 stockholders are expected to own up to 40% of the combined company, while pre-merger Acuren stockholders will own the remaining shares.

Hollywood, Fla., July 31, 2025 - NV5 Global, Inc. (Nasdaq: NVEE) announced today that a majority of its outstanding common stockholders voted to approve the proposed merger with Acuren Corporation (Acuren). The merger, which was approved at a Special Meeting of Stockholders, will see NV5 stockholders receiving $23.00 per share, consisting of $10.00 in cash and $13.00 in Acuren common stock at closing, subject to a 10% collar adjustment [1].

Upon the merger's completion, pre-merger NV5 stockholders are expected to collectively own up to approximately 40% of the combined company's common stock, while pre-merger Acuren stockholders will own approximately 60% [1]. The transaction is expected to close in August 2025, pending customary closing conditions.

The merger agreement, dated May 14, 2025, outlines the terms of the deal, which includes the distribution of shares and cash to NV5 stockholders. NV5 stockholders will receive approximately $23.00 per share, with $10.00 in cash and $13.00 in Acuren common stock. The 10% collar feature allows for adjustments to the share price based on market conditions [2].

For more information, please refer to the definitive joint proxy statement/prospectus filed by NV5 with the Securities and Exchange Commission (SEC) on July 2, 2025, as supplemented on July 21 [1].

Forward-Looking Statements

Certain statements in this press release concerning the proposed merger, including any statements regarding the expected timetable for completing the proposed merger, and any other statements regarding NV5’s or Acuren’s future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts are “forward-looking” statements based on assumptions currently believed to be valid [1, 2].

These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those anticipated, including, but not limited to, the risk that a condition to closing of the proposed merger may not be satisfied, that either party may terminate the merger agreement, or that the closing might be delayed or not occur at all [1, 2].

Contact Information

NV5 Global, Inc.
Jack Cochran
Vice President, Marketing & Investor Relations
Tel: +1-954-637-80483
Email: ir@nv5.com

References

[1] https://www.stocktitan.net/news/NVEE/nv5-stockholders-approve-proposed-merger-with-acuren-eg98km0oved4.html
[2] https://www.globenewswire.com/news-release/2025/07/31/3125198/0/en/NV5-Stockholders-Approve-Proposed-Merger-with-Acuren-Corporation.html