HOLLYWOOD, Fla., March 21, 2025 (GLOBE NEWSWIRE) -- NV5 Global, Inc. has officially announced the completion of its acquisition of CRS Survey PLLC, a provider renowned for its land surveying and mapping services. This strategic move is designed to enhance NV5's operations in North Carolina, where the demand for advanced surveying capabilities for transportation infrastructure continues to grow.
CRS Survey is headquartered in Charlotte, NC, and specializes in both conventional and geospatial aerial surveys, significantly supporting roadway and bridge maintenance as well as improvements across the region. The acquisition comes as NV5 leverages its 20 years of leadership in infrastructure design and Testing, Inspection, and Certification (TIC) services for the North Carolina Department of Transportation (NCDOT) and local municipalities.
Ben Heraud, CEO of NV5, commented on the acquisition, stating, "NV5 has been a leader in infrastructure design and testing, inspection, and certification (TIC) services for the North Carolina Department of Transportation (NCDOT) and municipalities across the state for over 20 years. The adoption of new surveying and geospatial technologies, along with a shortage of licensed surveyors, has driven high-demand and high-margins for surveying services. The addition of CRS Survey strengthens our capabilities to support transportation clients throughout the state and drive accelerated organic growth for our Southeast operations." This reflects NV5’s confidence in the acquisition's potential to deliver enhanced surveying solutions in an increasingly competitive environment.
The merger, which was financed with a combination of cash and stock, is projected to have an immediate positive impact on NV5's earnings. The integration of CRS Survey is expected to facilitate accelerated growth within the infrastructure services sector, allowing NV5 to respond effectively to the pressing demand driven by technological advancements and the enduring shortage of licensed surveyors.
Alongside Heraud, Alex Hockman, CEO of Infrastructure at NV5, expressed his enthusiasm for the acquisition, saying, "Having worked with CRS Survey on many projects, we are excited to welcome them to the NV5 team and anticipate accelerated growth in our surveying and infrastructure services in North Carolina." This sentiment points to a seamless integration of services that has the potential to benefit both companies and their clients significantly.
CRS Survey has built a solid reputation in the industry, providing comprehensive surveying solutions, including topographic surveys, boundary surveys, and construction staking. Their dedication to precision and adherence to state and local regulations has positioned them as a critical partner for both public and private sector clients spanning from the greater Charlotte area to Greensboro and Winston-Salem.
The acquisition is timely, as the two companies' longstanding relationship indicates a strong collaboration moving forward. NV5 now operates out of more than 100 offices nationwide and is poised to expand its reach and effectiveness in the Southeastern United States considerably.
The ongoing partnership with CRS Survey not only enhances NV5's operational footprint but also addresses current market demands, making the company well-positioned for future growth. As NV5 continues to innovate within the fields of technology, consulting, and certification for both public and private sector clients, leveraging CRS Survey’s expertise will further solidify its position in the competitive landscape.
In summary, this acquisition represents a pivotal step for NV5 in reinforcing its capabilities to meet the growing demands of transportation infrastructure projects. The combination of resources, expertise, and technologies between NV5 and CRS Survey highlights their commitment to providing high-quality surveying services essential to the development and maintenance of critical infrastructure in North Carolina.
