NV5 Global stockholders approve proposed merger with Acuren

NV5 Global stockholders approve proposed merger with Acuren

In a significant development for the tech-enabled engineering and testing services sector, NV5 Global (Nasdaq: NVEE) has announced that its stockholders have approved a proposed merger with Acuren Corporation. The merger, which was approved at a Special Meeting of Stockholders held on July 31, 2025, will see NV5 stockholders receiving approximately $23.00 per share, consisting of $10.00 in cash and $13.00 in Acuren common stock, subject to a 10% collar adjustment [1].

Under the merger agreement dated May 14, 2025, pre-merger NV5 stockholders are expected to collectively own approximately 40% of the common stock of the combined company, while pre-merger Acuren stockholders will hold about 60% [1]. This strategic positioning suggests a significant but non-controlling stake for NV5 investors in what appears to be a strategic combination rather than a complete takeover.

The transaction is expected to close in August 2025, subject to customary closing conditions. The merger represents a significant consolidation in the tech-enabled engineering and testing services sector, combining NV5's capabilities in engineering, testing, inspection, and consulting with Acuren's complementary operations [1].

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].

References:
[1] https://www.stocktitan.net/news/NVEE/nv5-stockholders-approve-proposed-merger-with-acuren-eg98km0oved4.html