NV5 Awarded $11 Million in Program Management Services in Massachusetts and Colorado

HOLLYWOOD, Fla., Feb. 19, 2019 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (Nasdaq: NVEE) (“NV5” or the “Company”), a professional engineering and consulting solutions provider, announced today that it has secured more than $11 million in anticipated fees for important public works and education program management projects in Massachusetts and Colorado.

In Massachusetts, NV5 was awarded a three-year multiphase project with the Town of Burlington’s Department of Public Works. NV5 will serve as the owner’s program manager on additions and renovations to existing facilities as well as new building construction.

In Colorado, NV5 was selected to provide project management services for the pre-construction, construction and post-occupancy phases of Douglas County School District’s $250 million bond program, which includes funding for capital improvement projects, new construction, safety and security upgrades, and charter schools.

Dickerson Wright, PE, Chairman and CEO of NV5, said, “These wins come on the heels of $15 million in program management wins in Colorado, California, and Ohio we announced in December. Our program management capabilities are growing throughout the United States as our talented experts continue to capitalize on increased community investment in deteriorating facilities and infrastructure in market sectors ranging from education to healthcare to transportation.”

Rey Roca, PE, Vice President of Program Management at NV5, said, “Our program management group is excited to begin working on these new construction programs in our core client markets, including healthcare, municipal infrastructure, and education.” 

About the Town of Burlington’s Department of Public Works

Burlington, Massachusetts is a community of approximately 25,000 residents. The Town, part of Middlesex County, is located 13 miles northwest of the City of Boston. The Department of Public Works oversees municipal engineering, transportation, and water and wastewater facilities for the Town. For more information, visit the Department’s website.

About the Douglas County School District

Located in the Denver/Colorado Springs corridor, Douglas County School District is the third largest school district in Colorado serving more than 68,000 students in preschool through grade 12 and employing over 8,100 staff. For more information, visit the District’s website.

About NV5

NV5 Global, Inc. (NASDAQ: NVEE) is a provider of professional and technical engineering and consulting solutions ranked #45 in the Engineering News Record Top 500 Design Firms list. NV5 serves public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. NV5 primarily focuses on five business verticals: construction quality assurance, infrastructure engineering and support services, energy, program management, and environmental solutions. The Company operates out of more than 100 locations nationwide and abroad in Macau, Hong Kong, and the UAE. For additional information, please visit the Company’s website at www.NV5.com. Also visit the Company on Twitter, LinkedIn, Facebook, and Vimeo.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained in this press release. Such factors include: (a) changes in demand from the local and state government and private clients that we serve; (b) general economic conditions, nationally and globally, and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, or policies; and (e) the “Risk Factors” set forth in the Company’s most recent SEC filings. All forward-looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements, except as required by law.

Contact

NV5 Global, Inc.
Jenna Carrick
Investor Relations Manager
Tel: +1-916-641-9124
Email: ir@nv5.com