Acuren Corporation And NV5 Global Tie The Knot

(15min)

Summary

  • The Acuren-NV5 Global merger offers operational synergies and a strategic US market shift, but upside is limited for both stocks at current valuations.
  • NV5 Global shareholders benefit most from the deal's premium and structure, while Acuren gains modestly on price-to-cash flow metrics post-merger.
  • Debt levels and integration risks offset synergy gains, making both companies fairly valued and not compelling buys at this time.
  • Given the deal's uncertainties and fair pricing, I assign a 'hold' rating to both Acuren and NV5 Global, despite the potential for some upside.
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Hold me close to you!

Vasil Dimitrov/iStock via Getty Images

May 15th was a very interesting day for shareholders of both Acuren Corporation (NYSE:TIC) and NV5 Global (NASDAQ:NVEE). Shares of the former closed down 3.4%, while shares of the latter

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This article was written by

34.35K Followers

Daniel is an avid and active professional investor.

He runs Crude Value Insights, a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. His primary focus is on finding businesses that are trading at a significant discount to their intrinsic value by employing a combination of Benjamin Graham's investment philosophy and a contrarian approach to the market and the securities therein. Learn more.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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