US engineering and consulting solutions provider, NV5 Global acquired the CHI Engineering Services an infrastructure engineering firm headquartered in Portsmouth, New Hampshire for $55 million.
CHI provides engineering, procurement and construction management (EPCM) services to the liquefied natural gas (LNG), petroleum gas (LPG) and natural gas (NG) industries.
CHI’s client base includes the majority of LNG facility owner/operators in the US, NV5 Global said in a statement.
“NV5 has experienced a rapid increase in demand for our engineering, permitting, and construction services from our energy clients. The addition of CHI provides a monumental platform for accelerating our growth in the energy service market,” said Dickerson Wright, PE, chairman and CEO of NV5.
Peter Dirksen, PE, president of CHI Engineering Services added, “The financial strength of NV5 will allow us to capitalize on current market opportunities and respond to increasing demands for storage, liquefaction, vaporization and loading facilities, especially in the LNG market.”