NV5 Global stockholders approve proposed merger with Acuren

NV5 Global (NVEE) announced that holders of a majority of its outstanding common stock voted to approve the proposed merger with Acuren Corporation (TIC) at a Special Meeting of Stockholders. Under the terms of the Agreement and Plan of Merger dated as of May 14 relating to the Merger, NV5 stockholders will receive approximately $23.00 per share consisting of $10.00 in cash and $13.00 in shares of Acuren common stock at closing, subject to potential adjustment as a result of a 10% collar feature. Upon consummation of the Merger, pre-Merger NV5 stockholders are expected to collectively own up to approximately 40% of the common stock of the combined company on a pro forma basis. Pre-Merger Acuren stockholders are expected to collectively own approximately 60% of the common stock of the combined company on a pro forma basis. The transaction is subject to customary closing conditions, and is expected to close promptly in August.