11:59 AM EDT, 07/31/2025 (MT Newswires) -- NV5 Global ( NVEE ) said Thursday it has received shareholder approval for the proposed $1.7 billion acquisition by Acuren ( TIC ) .

Under the previously announced terms of the agreement, NV5 shareholders will receive $23 per share, which will consist of $10 in cash and $13 in Acuren ( TIC ) common shares.

Upon closing, Acuren ( TIC ) shareholders will own about 60% of the combined company, and NV5 shareholders will own about 40%. The transaction is expected to close in August, the company said.

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