Strengthens energy efficiency and building technology solutions in New York City.
HOLLYWOOD, FL, Dec 10, 2024 – NV5 announced that it completed the acquisition of Southport Engineering Associates, a provider of turnkey energy efficiency, engineering design, and owner representation consulting on Dec 4, 2024. Founded in 1996, Southport Engineering serves clients in New York City and the surrounding area to meet regulatory and owner-imposed efficiency standards for facilities in the hospitality, educational, healthcare, industrial, gaming, and financial sectors. The acquisition was made with a combination of cash and stock and will be immediately accretive to NV5’s earnings.
“NV5 is pleased to welcome Southport Engineering to our buildings and technology platform with its tech-enabled solutions and energy-focused designs to assist building owners with meeting stringent standards for facility efficiency and occupant comfort,” said Dickerson Wright, PE, executive chairman of NV5. “Southport Engineering’s impressive management team provides enhanced leadership to continue our expansion in the Northeast and will contribute to accelerated organic growth and profitability above the industry standard throughout our domestic and international buildings and technology platform.”
Southport Engineering’s full menu of services is unique to the industry, providing wholistic building efficiency solutions that generate higher profitability and increased project replication with their clients. By initiating projects with comprehensive energy studies, efficiency is incorporated throughout the project from engineering design, to commissioning and owner representation services. Southport Engineering’s long-term direct client relationships provide accelerated opportunities for cross-selling NV5’s building digitization and technology services.
“NV5’s organic growth in buildings and technology has been driven by comprehensive, tech-enabled services that differentiate NV5 in the market and enables us to partner within our clients’ organizations,” said Ben Heraud, CEO of NV5. “Southport Engineering’s similar approach fits well within NV5, and we look forward to the enhanced cross-selling opportunities that will come through our combined organization.”
“We are excited to join the NV5 team, and we have already begun collaborating with our NV5 team members to deliver our combined portfolio of services to our long-term client partners,” said Michael Fabrizi, PE, president of Southport Engineering Associates.
For more information, visit nv5.com.
