HOLLYWOOD, Fla., Feb. 22, 2021 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (Nasdaq: NVEE), a provider of compliance, technology, and engineering consulting solutions, announced today that it has acquired TerraTech Engineers, Inc., a geotechnical engineering, environmental consulting, and materials testing company headquartered in North Carolina. TerraTech’s 50 employees serve state and local governments and private clients in North Carolina, South Carolina, and Georgia. NV5 has a proven working relationship with TerraTech and has completed a number of projects with the TerraTech team in the Southeast. TerraTech’s founder and management team will continue with NV5 after the acquisition. The acquisition was made with a combination of cash and stock and will be immediately accretive to NV5’s earnings.

“The addition of TerraTech strengthens our environmental, geotechnical, and testing capabilities in the growing Southeast market and will support our infrastructure operations throughout the region. TerraTech’s strong management team, solid backlog, and impressive financial performance make it a good fit for the NV5 organization, and we are pleased to have them on board,” said Dickerson Wright, PE, Chairman and CEO of NV5.

“Having worked with NV5 for many years, all of us at TerraTech are excited to join the NV5 organization and deliver an expanded service portfolio and technical capabilities to our valued clients,” said Erwin Williams, PE, President of TerraTech Engineers. “We also look forward to delivering our geotechnical, environmental, and materials testing solutions to support NV5’s existing clients throughout the East Coast.”

About TerraTech
Founded in 1990, TerraTech Engineers, Inc. provides geotechnical engineering, environmental consulting, and construction materials testing services to support public infrastructure and private development. The Company is headquartered in Raleigh, North Carolina, and its 50 employees specialize in foundation support studies, pavement system investigations, retaining wall designs, earth dam design, environmental assessments, materials testing, and special inspections.

About NV5
NV5 Global, Inc. (NASDAQ: NVEE) is a leading provider of compliance, technology, and engineering consulting solutions for public and private sector clients supporting infrastructure, utility, and building assets and systems. The Company primarily focuses on six business verticals: testing, inspection & consulting, infrastructure support services, utility services, buildings & program management, environmental health sciences, and geospatial technology services. 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 Twitter, LinkedIn, Facebook, and Vimeo.