- NV5 Global Inc (NASDAQ:NVEE) to acquire Optimal Energy, Inc. for an undisclosed sum, with a close date before December 31.
- Optimal is an energy efficiency firm providing a full range of consulting services to government agencies, utilities, regulatory bodies, and state energy advisory councils. It advises state energy efficiency advisory councils on program planning, cost-benefit analysis, and strategic guidance.
- The transaction will be a combination of cash and stock and will be immediately accretive to NV5’s earnings.
- The company held cash and equivalents of $121.39 million as of October 2, 2021.
- Price Action: NVEE shares closed higher by 1.83% at $137.75 on Wednesday.
Recap: H&E Equipment Services Q2 Earnings
Shares of H&E Equipment Servs (NASDAQ:HEES) remained unaffected after the company reported Q2 results.
Quarterly Results
Earnings per share were up 79.17% year over year to $0.43, which beat the estimate of $0.40.
