India, May 15 -- Acuren Corp. (TIC) and NV5 Global, Inc. (NVEE) announced on Thursday that they have inked a merger to create a TICC and engineering services company with combined revenue of over $2 billion.
The total consideration for NV5 is approximately $1.7 billion. The merger, to be closed in the second-half of 2025, is expected to be immediately accretive to Acuren stockholders.
Under the terms, NV5 stockholders will receive $23 per NV5 share, which is comprised of $10 in cash and $13 in stock. This is based on the 5-day volume weighted average price of Acuren's share price on May 14, which represents a 32 percent premium to NV5's 30 day VWAP as of May 14.
The cash portion of the acquisition will be funded by an $850 million term-l...