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Benchmark International Facilitates Acquisition of myBIMteam by NV5 Global, Inc.

July 9th, 2024 10:00 AM
By: Advos Staff Reporter

Benchmark International has successfully brokered the acquisition of TMCADD Consulting & Services, LLC, operating as myBIMteam, by NV5 Global, Inc. This merger is expected to enhance NV5's capabilities in engineering and architecture technology.

Benchmark International Facilitates Acquisition of myBIMteam by NV5 Global, Inc.

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.

Source Statement

This news article relied primarily on a press release disributed by News Direct. You can read the source press release here,

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