- NV5 Global Inc NVEE to acquire Optimal Energy, Inc. for an undisclosed sum, with a close date before December 31.
- Optimal is an energy efficiency firm providing a full range of consulting services to government agencies, utilities, regulatory bodies, and state energy advisory councils. It advises state energy efficiency advisory councils on program planning, cost-benefit analysis, and strategic guidance.
- The transaction will be a combination of cash and stock and will be immediately accretive to NV5's earnings.
- The company held cash and equivalents of $121.39 million as of October 2, 2021.
- Price Action: NVEE shares closed higher by 1.83% at $137.75 on Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
