HOLLYWOOD, FL -- (Marketwired) -- 07/14/15 --
NV5 Holdings, Inc. (the "Company") (NASDAQ: NVEE), a provider of professional and technical engineering and consulting solutions, announced today that it has been awarded a contract for $5 million with the County of San Diego to provide on-call construction management services for three years. NV5's Civil Program Management group will be providing services for the eight County-owned airports for FAA-funded improvement projects throughout San Diego. Examples of projects encompassed in the contract include the Borrego Valley Airport Runway Rehabilitation, the Jacumba Airport and Agua Caliente Airport Runway Rehabilitation, and the Cajon Air Center, which includes taxiway, lighting, and storm drain services for a new business park that will be incorporated into the Gillespie Field Airport.
"We are honored that the County of San Diego has once again selected our newest addition to the NV5 family, Mendoza & Associates, to provide them the highest quality of service," said Todd George, PE, COO of Civil Program Management at NV5. "It is a great indication of the strengths of the Civil PM team we formed when we acquired the firm in April and the great success and synergy we have started to see from our combined team in the transportation sector throughout California."
NV5 Project Manager John Volpp, CPESC, QSD, commented, "We are excited about the opportunity to provide the County of San Diego our services for the next three years for FAA-funded projects. Our last three-year contract was successful and we will continue to provide exceptional service to the County. The County of San Diego has been an outstanding client for Mendoza & Associates since 2005 and specifically for FAA-funded projects since 2007 when we began work on the McClellan Palomar Airport New Terminal Projects."
About the County of San Diego
San Diego County is the second-most populous county in California and one of the largest counties in the United States, with over three million residents and spanning more than 4,500 square miles. San Diego County extends from the southern border of Orange County and Riverside County to the north, the United States-Mexico border to the south, and the western border of Imperial County to the east. To the west, San Diego County borders 70 miles of Pacific Ocean coastline and is home to one of the largest ports in California as well as sixteen naval and military installations. San Diego County was one of the original counties of California included in its statehood in 1850.
NV5 Holdings, Inc. (NASDAQ: NVEE) is a provider of professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. NV5 primarily focuses on five business verticals: construction quality assurance, infrastructure, engineering and support services, energy, program management, and environmental solutions. The Company operates 42 offices in Arizona, California, Colorado, Connecticut, Florida, Massachusetts, Maryland, New Jersey, New Mexico, New York, Ohio, Pennsylvania, Utah, Washington and Wyoming, and is headquartered in Hollywood, Florida. For additional information, please visit the Company's website at www.NV5.com. Also visit the Company on Twitter, LinkedIn, Facebook, and Vimeo.
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements that the acquisition will be immediately accretive to NV5's earnings. 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 press 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 Company's most recent SEC filings. 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.
NV5 Holdings, Inc.
Lauren Wright, Ph.D.
Director of Investor Relations
Source: NV5 Holdings, Inc.