HOLLYWOOD, Fla., Dec. 30, 2021 (GLOBE NEWSWIRE) — NV5 Global, Inc. (the “Company” or “NV5”) (NASDAQ:NVEE), a provider of compliance, technology, engineering, and environmental consulting solutions, announced today that it is expected to acquire Optimal Energy, Inc. (Optimal) with a close date before December 31st. Optimal is an energy efficiency firm providing a full range of consulting services to government agencies, utilities, regulatory bodies, and state energy advisory councils. Optimal specializes in advising state energy efficiency advisory councils on program planning, cost-benefit analysis, and strategic guidance. The Company also assists utilities with integrating statewide and local energy efficiency mandates into their business models. The acquisition will be made with a combination of cash and stock and will be immediately accretive to NV5’s earnings.
“NV5’s energy efficiency and clean energy business has driven strong organic growth, and Optimal is the fourth acquisition we have made in the sector,” said Dickerson Wright, PE
With offices in Vermont and Rhode Island, Optimal has worked in nearly 40 U.S. states and seven Canadian provinces. Optimal was founded in 1996 and is a consultant for nine of the top ten states with utility and public purpose efficiency programs.
“NV5’s energy efficiency services for our federal government and private sector clients have grown rapidly in recent years, and we are excited to add these capabilities for state governments and utility clients,” said Ben Heraud, COO of Energy Efficiency and Decarbonization at NV5.
“We are really excited about joining NV5 and expanding the scope and scale of technical resources available to our clients, and we look forward to the integration of our capabilities with the existing energy efficiency group within NV5,” said Eric Belliveau, Partner at Optimal Energy.
About Optimal Energy
Optimal Energy, Inc. is an energy consultancy focused on energy‐efficiency, demand management, and renewable energy as integrated resources for utilities, state agencies, and other energy efficiency program administrators. Optimal specializes in assessing, developing, planning, startup, and management support for energy‐efficiency programs. Founded in 1996, Optimal’s clientele includes utilities, consumer and environmental advocates, government and regulatory agencies, and energy service providers.
About NV5
NV5 Global, Inc. (NASDAQ:NVEE) is a provider of compliance, technology, engineering, and environmental consulting solutions for public and private sector clients supporting sustainable infrastructure, utility, and building assets and systems. The Company focuses on multiple verticals: testing, inspection & consulting, infrastructure, utility services, buildings & program management, environmental health sciences, and geospatial technology services to deliver innovative, sustainable solutions to complex issues and improve lives in our communities. NV5 operates out of more than 100 offices nationwide and abroad. For additional information, please visit the Company’s website at www.NV5.com. Also visit the Company on LinkedIn, Twitter, Facebook, and Instagram.
NV5 to Acquire Optimal Energy, Expanding Energy Efficiency Consulting Capabilities
