Benchmark International Facilitates Acquisition of myBIMteam by NV5 Global, Inc.
TL;DR
NV5 Global, Inc. gains cutting-edge 3D building asset technology through the acquisition of myBIMteam, enhancing its competitive advantage in the engineering sector.
myBIMteam utilizes reality capture technologies to produce 3D building asset models, providing comprehensive services tailored to the architecture, engineering, construction, and operations sector.
The acquisition of myBIMteam by NV5 Global, Inc. will contribute to the advancement of technology-forward approaches in building management, benefiting the engineering and architecture markets.
myBIMteam, an engineering and architecture technology company, specializes in reality capture technologies for 3D building asset models, offering innovative solutions for the AECO sector.
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Benchmark International has announced the successful acquisition of TMCADD Consulting & Services, LLC, known as myBIMteam, by NV5 Global, Inc. (Nasdaq: NVEE). myBIMteam, a prominent engineering and architecture technology company, specializes in reality capture technologies to create 3D building asset models, aiding in resource planning, renovation, and new construction. Operating for over two decades, myBIMteam has a strong track record in public and private sectors, particularly in education, healthcare, and infrastructure.
myBIMteam provides a wide range of services tailored to the architecture, engineering, construction, and operations (AECO) sector. These services include building information modeling (BIM) management, training and support, laser scanning and reality capture of buildings, and assistance with computer-aided design (CAD). This comprehensive service suite caters to the diverse needs of industry professionals.
Transaction Director Sean Fechtmann commented on the acquisition, stating, "We had the opportunity to facilitate the quintessential M&A process between myBIMteam and NV5 Global, Inc., which was truly a joy. 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., based in Hollywood, FL, offers technology, conformity assessment, and consulting solutions for clients across various infrastructure and engineering verticals. The integration of myBIMteam's technology-forward approach to building management is expected to expand NV5's efforts in this area. Led by CEO and founder Troy Mifsud, myBIMteam has been a leader in building digitization and digital twin methodology, significantly contributing to the engineering and architecture markets.
The acquisition signifies a strategic move for NV5 Global, Inc., enhancing its capabilities and service offerings in the AECO sector. This development is likely to have a significant impact on the industry by promoting advanced building management technologies and methodologies. The merger could lead to improved efficiency and innovation in resource planning, renovation, and new construction projects, benefiting both public and private sector clients.
Benchmark International's role in facilitating this acquisition underscores its expertise in providing value-maximizing solutions for business owners looking to grow or exit their businesses. With a history of handling over $11 billion in transaction value, the firm continues to solidify its position as a leading M&A advisor globally.
Curated from News Direct
