NV5 acquires infrastructure program management firm, The Hanna Group

|About: NV5 Holdings (NVEE)|By:, SA News Editor

NV5 Global (NASDAQ:NVEE) acquired The Hanna Group, a leading Northern California-based bridge and transportation program management firm with 35 employees and approximately $11M in annual revenues, for an undisclosed sum.

Dickerson Wright, PE, Chairman and CEO of NV5, said, "Through the acquisition of The Hanna Group, NV5 is gaining a group of exceptionally talented engineers and professionals who we believe will be able to immediately cross-sell their services alongside, and benefit from, our existing infrastructure platform. We are also gaining a prestigious San Francisco Bay Area client base that we believe THG and NV5 can better serve by joining forces."

Todd George, PE, COO of Civil Program Management at NV5, added, "The program management practices at NV5 and THG complement each other well. NV5's clients can benefit greatly from the capabilities THG brings, particularly their bridge expertise, and THG's clients can benefit from our infrastructure program management expertise."

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