Kodiak Gas Services to Replace NV5 Global in S&P SmallCap 600

Kodiak Gas Services will replace NV5 Global in the S&P SmallCap 600 effective August 6. Kodiak Gas Services is an energy company, while NV5 Global is in the industrials sector. The acquisition of NV5 Global by Acuren Corp is expected to be completed soon.

Kodiak Gas Services Inc. (NYSE: KGS) will join the S&P SmallCap 600 effective August 6, replacing NV5 Global Inc. (NASDAQ: NVEE) [1]. The change, which will take effect prior to the opening of trading on August 6, is part of a broader corporate restructuring. NV5 Global, an industrial company, will be acquired by Acuren Corp. (NYSE: TIC), a leading provider of critical asset integrity services [2].

Acuren Corp. announced that its stockholders approved the issuance of shares of Acuren common stock to NV5 Global stockholders, paving the way for the merger. The transaction is expected to close in August 2025, subject to regulatory approvals [2]. This acquisition is a strategic move for Acuren, aiming to expand its service offerings and market reach.

Kodiak Gas Services, an energy company, will be added to the S&P SmallCap 600, while NV5 Global, which operates in the industrials sector, will be removed. This shift in the index composition reflects the evolving landscape of the energy sector and the broader industrial market.

The S&P SmallCap 600 is a widely followed index that tracks the performance of small-cap stocks. The addition of Kodiak Gas Services and the removal of NV5 Global will have implications for investors and financial professionals, as it signals a change in the index's composition and sector representation.

References:
[1] https://www.prnewswire.com/news-releases/kodiak-gas-services-set-to-join-sp-smallcap-600-302520004.html
[2] https://www.businesswire.com/news/home/20250731824095/en/Acuren-Corporation-Stockholders-Approve-Stock-Issuance-in-Merger-with-NV5-Global-Inc.