NV5 Acquires Sage Renewable Energy Consulting For Undisclosed Sum

NV5 Global Inc NVEE has acquired Sage Renewable Energy Consulting, Inc., a provider of sustainable energy planning and project management services, in an undisclosed cash and stock deal.
NV5 Global expects the deal to be immediately accretive to its earnings.
San Francisco Bay Area-based Sage operates nationwide and expands NV5's environmental, social, and governance (ESG) service portfolio.
NV5 Global held cash and cash equivalents of $113.02 million as of July 3, 2021.
"Clean energy continues to grow as a percentage of NV5's revenue. Sage's expertise in the renewables, battery storage, microgrid, and electric vehicle planning space enhances our ESG capabilities and presents opportunities for cross-selling with our existing ESG services," commented Dickerson Wright, PE, Chairman, and CEO of NV5.
Price Action: NVEE shares traded higher by 0.68% at $101.50 on the last check Tuesday.