NV5 Global, a US engineering consultant whose business has taken a hit from its exposure to commercial real estate, is exploring a sale, according to people familiar with the matter. NV5, which has a market value of about US$1.7 billion, is in the early stages of a sale process and is working with advisers
NV5 Global, a US engineering consultant whose business has taken a hit from its exposure to commercial real estate, is exploring a sale, according to people familiar with the matter.
NV5 could decide not to go through with a transaction, the sources added, requesting anonymity because the matter is confidential. NV5 did not respond to a request for comment. While much of its work is performed on public buildings such as hospitals, schools and airports, NV5 has a real estate transaction services business that caters to commercial property, offering surveys and seismic risk assessments. It expanded this practice through the acquisition of Bock & Clark in 2017 and Global Realty Services Group in 2021.
NV5 shares have lost about a fifth of their value since the start of the year, underperforming a 31 per cent rise in the NASDAQ Composite Index.
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