NV5 Acquires CRS Survey; Strengthens North Carolina Infrastructure Capabilities

Core Insights - NV5 has completed the acquisition of CRS Survey PLLC to enhance its operations in North Carolina, focusing on land surveying and mapping services for transportation infrastructure and land development [1][2][3] - The acquisition is expected to be immediately accretive to NV5's earnings and will strengthen its capabilities in supporting transportation clients across the state [3][4] Company Overview - NV5 Global, Inc. is a provider of technology, certification, and consulting solutions, primarily serving public and private sector clients in utility, infrastructure, and building assets [6] - The company operates in six business verticals: Utility services, infrastructure engineering, construction quality assurance, buildings & technology, environmental health sciences, and geospatial services [6] CRS Survey Overview - CRS Survey is headquartered in Charlotte, NC, and offers topographic surveys, boundary surveys, and construction staking services for infrastructure improvements and land development [5] - The company serves both public and private sector clients in the greater Charlotte metropolitan area, Greensboro, and Winston-Salem [3][5] Market Context - The demand for surveying services has increased due to the adoption of new technologies and a shortage of licensed surveyors, leading to high margins in the industry [2] - NV5 has been a leader in infrastructure design and TIC services for over 20 years, particularly for the North Carolina Department of Transportation [2]