Global Business News: Mergers and acquisitions continue to rise worldwide

Three major business deals have recently made headlines globally, as NV5, Acuren, and True Environmental have all announced mergers and acquisitions to strengthen and expand their services in various sectors.

NV5 and Acuren have decided to merge their operations, creating a formidable force in the testing, inspection, certification, and compliance (TICC) and engineering services industry. With a combined revenue of $2 billion, the newly formed entity aims to become a world-class company in this sector. Acuren, known for its critical asset integrity services in North America, will be joining forces with NV5, a global provider of engineering, testing, inspection, and consulting solutions for the built environment. Tal Pizzey, CEO of Acuren, highlights the shared vision of both companies in creating a top-tier TICC and engineering company through this merger. NV5’s technical expertise and diverse capabilities, coupled with Acuren’s market presence, are expected to lead to meaningful synergies and the expansion of services into new and exciting markets.

In a separate deal, NV5 has also acquired SA Bricks to bolster its presence in the South Korean data center market. Specializing in commissioning and energy marshaling for data center infrastructure, SA Bricks will enhance NV5’s capabilities in supporting US technology sector clients with their Korean hyperscale data center investments. With this acquisition, NV5’s data center business now spans across 15 countries, showcasing its commitment to global expansion and industry leadership.

Meanwhile, True Environmental has made a strategic move by acquiring Padre Associates, a California-based provider of natural resources and geo-environmental services. With the backing of private equity firm Halle Capital, True Environmental aims to leverage Padre Associates’ expertise to enhance its own service offerings. Jerome Summerlin, President of Padre Associates, acknowledges the benefits of this partnership in terms of additional resources, capabilities, and scale provided by True’s platform. True Environmental, known for its consulting, engineering, and project management services, focuses on supporting growth and ownership transitions in environmental consulting and engineering firms.

These recent mergers and acquisitions highlight the dynamic nature of the business landscape, with companies like NV5, Acuren, and True Environmental positioning themselves for growth and innovation in their respective sectors. As the global market continues to evolve, strategic partnerships and acquisitions play a crucial role in driving success and expanding market reach. By joining forces and acquiring key players in their fields, these companies are paving the way for future growth and development in the compliance, data center, and geo-environmental services industries.