Insights
Benchmark International Successfully Facilitated the Transaction Between TMCADD Consulting & Services, LLC and NV5 Global, Inc.
July 1, 2024
Benchmark International is pleased to announce the acquisition of TMCADD Consulting & Services, LLC dba myBIMteam by NV5 Global, Inc. (Nasdaq: NVEE).
myBIMteam is an engineering and architecture technology company that focuses on reality capture technologies to produce 3D building asset models that aid in resource planning, renovation, and new construction. Since its founding over twenty years ago, the company has operated across public and private sectors with a long history of completing projects in education, healthcare, and other infrastructure sectors. myBIMteam provides a comprehensive suite of services tailored to the architecture, engineering, construction, and operations (AECO) sector. The company offers building information modeling (BIM) management, training and support services, laser scanning and reality capture of buildings, and assistance with computer-aided design (CAD), catering to the diverse needs of industry professionals.
"We had the opportunity to facilitate the quintessential M&A process between myBIMteam and NV5 Global, Inc., which was truly a joy," commented Transaction Director Sean Fechtmann. "Troy was an absolute pleasure to work with and a true expert in his craft. He knew exactly what he wanted from this process, and all we had to do was find him the proper partner. As for NV5, this deal would not have been possible without their patience, expertise, and knowledge gleaned from completing many deals in the past. We very much look forward to an ongoing relationship with a buyer of this caliber.
NV5 Global, Inc. (Nasdaq: NVEE), based in Hollywood, FL, provides technology, conformity assessment, and consulting solutions for public and private clients across a spectrum of infrastructure and engineering verticals. Benchmark is excited to see the expansion of these efforts with the integration of myBIMteam's technology-forward approach to building management as its team, led by CEO and founder Troy Mifsud, has led the way in building digitization and digital twin methodology in the company's service to the engineering and architecture markets.
Share This Post
Categories
Get These Insights Delivered Directly To Your Email
Explore our curated collection today and stay ahead of the curve in M&A.
Related Posts
Managing Expectations While On MarketDeciding to sell your business can be a nerve-wracking yet exciting endeavor. It marks the culmination of many years of dedication, hard work, and strategic planning. As you prepare to go to market, engage with buyers through site visits, field and respond through information requests from interested parties, and hopefully navigate potential negotiations with buyers, it is vital not to overlook the significance of the market feedback you may receive while fielding these various levels of interest. The input received throughout the stages of this process is paramount to consider when managing your expectations while you are on the market. Understanding and finding the overall market consensus of feedback can help you determine what may add value to your overall offer or detract from your valuation. An often overlooked aspect is considering the market feedback generated by interest and adjusting your expectations accordingly.Beyond The Price Tag: Non-Financial Considerations In Business ValuationIt’s easy to be swept up in the flood of advice and methods for valuing a business. A quick internet search provides almost infinite resources right at your fingertips. From more general approaches to specific analyses, there is a lot of financial data to parse through, regardless of the methods you choose.