NV5 Global buys Quantum Spatial for $303M
Arlington Capital Partners of Washington, DC announced on November 18 that Quantum Spatial has executed a definitive agreement to be acquired by NV5 Global, Inc. for $303 million. Quantum Spatial, one of the nation’s largest independent geospatial data firms, provides geographic insights to government and corporate organizations that need geospatial intelligence to mitigate risk, plan for growth, better manage resources and advance scientific understanding.
Peter Manos, a managing partner at Arlington Capital said, “Through significant investments in technology and people, Quantum Spatial has achieved significant organic growth during our ownership and solidified its role as the largest independent geospatial data firm in the United States. Quantum’s capabilities will complement NV5’s existing business lines and will unlock new opportunities for the combined business. We are excited to watch many of our key technology investments and operational initiatives continue to pay dividends under NV5’s leadership.”
“Through a combination of Arlington Capital’s growth investments and an extremely committed employee base, Quantum has built a robust market position and state-of-the-art offerings that will accrue to NV5’s benefit in the coming years,” said Peter LaMontagne, CEO of Quantum Spatial. “We are proud of the business we have created, and we thank Arlington Capital for their support in helping drive our strategic growth initiatives and reach our current national scale. As we join with NV5, we are excited for the new capabilities and opportunities that our partnership unlocks.”
David Wodlinger, a partner at Arlington Capital said, “Quantum’s culture of innovation and its position as the preeminent provider of geospatial data make it a truly unique company in an area of growing strategic and commercial importance. Management worked tirelessly to successfully execute the strategy we developed together, and this tremendous outcome is a testament to their dedication and steadfast work.”
Source: Arlington Capital