GlobeNewswire Inc | Aug 24, 2021 08:00AM EDT

August 24, 2021

HOLLYWOOD, Fla., Aug. 24, 2021 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the Company or NV5) (Nasdaq: NVEE), a provider of compliance, technology, engineering, and environmental consulting solutions, announced today that it has acquired Sage Renewable Energy Consulting, Inc. (Sage), a leader in comprehensive sustainable energy planning and project management services. Sage operates nationwide and expands NV5s growing environmental, social, and governance (ESG) service portfolio. The acquisition was made with a combination of cash and stock and will be immediately accretive to NV5s earnings.

Founded in 2009, Sage has successfully managed over $2 billion in clean energy projects and negotiated dozens of successful power purchase agreements for clients in the public and private sectors.

Clean energy continues to grow as a percentage of NV5s revenue, said Dickerson Wright, PE, Chairman and CEO of NV5. Sages expertise in the renewables, battery storage, microgrid, and electric vehicle planning space enhances our ESG capabilities and presents opportunities for cross-selling with our existing ESG services.

Clean energy is a sector with high market growth potential, as evidenced by Sages continued organic growth, and we are excited to add Sages team and capabilities to our Energy Efficiency and Decarbonization group, said Ben Heraud, COO of Energy Efficiency and Decarbonization at NV5.

This transaction will enable us to accelerate the expansion of our practice and offer NV5 clients expertise in developing new clean energy systems, electric vehicle fleets and infrastructure, and asset management, said Tom Willard, Principal at Sage.

About Sage Renewable Energy ConsultingBased in the San Francisco Bay Area, Sage Renewable Energy Consulting provides comprehensive energy planning and project management services for businesses, public agencies, and schools across the nation. Sage is a proven partner in cutting emissions and realizing Zero Net Energy goals, with industry-leading expertise in solar arrays, battery storage, energy efficiency, electric vehicle fleet planning, and electric vehicle charging. Sage is a strategic partner throughout the planning, development, construction, and lifetime stages of energy systems and microgrids.

About NV5NV5 Global, Inc. (NASDAQ: NVEE) is a provider of compliance, technology, engineering, and environmental consulting solutions for public and private sector clients supporting sustainable infrastructure, utility, and building assets and systems. The Company focuses on multiple verticals: testing, inspection & consulting, infrastructure, utility services, buildings & program management, environmental health sciences, and geospatial technology services to deliver innovative, sustainable solutions to complex issues and improve lives in our communities. NV5 operates out of more than 100 offices nationwide and abroad. For additional information, please visit the Companys website atwww.NV5.com. Also visit the Company onLinkedIn,Twitter,Facebook, andInstagram.

Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the safe harbor provisions of theU.S.Private Securities Litigation Reform Act of 1995. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained in this news release. Such factors include: (a) changes in demand from the local and state government and private clients that we serve; (b) general economic conditions, nationally and globally, and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, or policies; and (e) the Risk Factors set forth in the Companys most recentSECfilings. All forward-looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements, except as required by law.

Investor Relations Contact

NV5 Global, Inc.Jack CochranVice President, Marketing & Investor RelationsTel: +1-954-637-8048Email:ir@nv5.com