Business
Acuren Corporation Announces Expiration of Go-Shop Period under Merger Agreement with NV5 Global, Inc.
TOMBALL, Texas, July 15, 2025--Acuren Corporation (NYSE: TIC) ("Acuren") today announced the expiration of the 60-day "go-shop" period ("Go-Shop Period") in connection with the previously announced Agreement and Plan of Merger with NV5 Global, Inc. ("NV5", Nasdaq: NVEE), dated as of May 14, 2025 (the "Merger Agreement").
About this update from Tic Solutions, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":315,"url":"https://media.zenfs.com/en/business-wire.com/26cb0f3a418978102750aa1d1179ff53"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/hXR5ACQCJVJJqkkTjfUPFg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTYzMDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/26cb0f3a418978102750aa1d1179ff53","width":480,"height":315}},"lazy":false},{"type":"text","content":"TOMBALL, Texas, July 15, 2025--(BUSINESS WIRE)--Acuren Corporation (NYSE: TIC) ("Acuren") today announced the expiration of the 60-day "go-shop" period ("Go-Shop Period") in connection with the previously announced Agreement and Plan of Merger with NV5 Global, Inc. ("NV5", Nasdaq: NVEE), dated as of May 14, 2025 (the "Merger Agreement").","length":389,"tagName":"p"},{"type":"text","content":"During the Go-Shop Period, NV5 was permitted to solicit and enter into negotiations with third parties that made a proposal or offer to acquire NV5. The Go-Shop Period expired at 11:59 p.m. ET on July 14, 2025. NV5 did not receive an NV5 Superior Proposal (as such term is defined in the Merger Agreement) during the Go-Shop Period.","length":332,"tagName":"p"},{"type":"text","content":"The transactions contemplated by the Merger Agreement (the "Transactions") are expected to close in August of 2025, subject to customary closing conditions, including approval of each of Acuren and NV5’s stockholders and receipt of regulatory approvals.","length":263,"tagName":"p"},{"type":"text","content":"About Acuren","length":12,"tagName":"p"},{"type":"text","content":"Acuren is a leading provider of critical asset integrity services. Acuren operates primarily in North America serving a broad range of industrial markets. It provides these essential and often compliance-mandated (often at customer locations) services in the industrial space and is focused on the recurring maintenance needs of its customers. The work Acuren does fits in the service category referred to as Testing, Inspection, Certification, and Compliance (TICC) including Nondestructive Testing (NDT) in the field and the laboratory and in-lab destructive testing capabilities. More information can be found at https://www.acuren.com/.","le...