NV5 Acquires Infrastructure Engineering Firm the RBA Group, Inc

HOLLYWOOD, FL — (Marketwired) — 07/02/15 — NV5 Holdings, Inc. (the “Company” or “NV5″) (NASDAQ: NVEE), a provider of professional and technical engineering and consulting solutions, announced today that it has acquired the RBA Group, Inc., an infrastructure engineering firm focused on the provision of transportation engineering, planning, and construction inspection, environmental engineering, civil engineering, surveying, and architecture services to public and private clients throughout the East Coast. RBA has a very large presence in New York City and is headquartered in Parsippany, NJ, with other offices in Melville, LI, Trenton, NJ, Norwalk, CT, Philadelphia, PA and Silver Spring, MD. The Company has approximately 250 full-time employees and annualized revenues of $40 million.

The acquisition will be immediately accretive to NV5’s earnings and was primarily a cash transaction.

“RBA is our largest acquisition since 2010. With the acquisition of RBA we are significantly expanding the reach of our infrastructure vertical to capture key clients and markets in the Northeast,” said Dickerson Wright, PE, Chairman and CEO of NV5. “This is especially critical to our efforts to increase operating margins and profitability through cross-selling and synergies among our five service lines. While RBA has been a very successful and respected standalone business for more than 40 years, I am confident that the highly experienced infrastructure engineers at RBA will benefit greatly from the ability to collaborate with the construction quality assurance, program management, and environmental services groups that we have built up throughout the East Coast in the last year, and vice versa,” he added.

“The RBA team is extremely excited about joining the NV5 organization and looks forward to the opportunity to participate in projects geographically where NV5 already exists, and with the support of other areas of expertise existing in NV5, the team expects to provide additional services to our large existing client base,” said Neil Bernstein, PE, President and CEO of RBA.

About The RBA Group
The RBA Group has been providing professional engineering services to a diverse client base throughout the East Coast since 1968. RBA’s client base includes the New York City Department of Transportation, the New York City Department of Design and Construction, the New York Department of Transportation, the New Jersey Department of Transportation, the New Jersey Turnpike Authority, the U.S. Navy, and many other local, state, and federal agencies. The Company’s portfolio of services includes highway design, structural engineering, traffic engineering and transportation planning, construction management, environmental engineering, cultural resource management, site engineering, and surveying. RBA’s commitment to quality services and products and maintenance of a strict quality assurance program drives the Group’s central goal of project completion according to client satisfaction. For more detailed information on The RBA Group’s clients, projects and capabilities, please visit www.rbagroup.com.

About NV5
NV5 Holdings, Inc. (NASDAQ: NVEE) is a provider of professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. NV5 primarily focuses on five business verticals: construction quality assurance, infrastructure, engineering and support services, energy, program management, and environmental solutions. The Company operates 35 offices in Arizona, California, Colorado, Florida, Massachusetts, New Jersey, New Mexico, Ohio, Pennsylvania, Utah, Washington and Wyoming and is headquartered in Hollywood, Florida. For additional information, please visit the Company’s website at www.NV5.com. Also visit the Company on Twitter, LinkedIn, Facebook, and Vimeo.

Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements that the acquisition will be immediately accretive to NV5’s earnings. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained in this press release. Such factors include: (a) changes in demand from the local and state government and private clients that we serve; (b) general economic conditions, nationally and globally, and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, or policies; and (e) the “Risk Factors” set forth in the Company’s most recent SEC filings. All forward-looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements, except as required by law.

Contact
NV5 Holdings, Inc.
Lauren Wright, Ph.D.
Director of Investor Relations
Tel: +1-408-392-7233
Email: ir@nv5.com

Source: NV5 Holdings, Inc.

 

 

RBA Recipient at Smart Growth Awards Celebration for Washington Street

Washington Street serves as the traditional “Main Street” and center of vibrant activity and commercial success in Hoboken. It is a popular destination with historical character, wide sidewalks, and a bustling restaurant, bar, and retail scene, all within walking distance of neighborhoods and public transit. With all this going for it, what factors would incite a need to “redesign” such a noteworthy street?

 The City of Hoboken identified deficiencies in the safety, service, and physical condition of Washington Street. Chiefly, this “main street”, which should accommodate multiple modes of transportation, is dominated by automobile traffic and parking at the expense of pedestrian safety and bicycle accommodation, in conflict with the City’s 2010 “Complete Streets” resolution. Its antiquated traffic signals, designed in a configuration not permitted on New Jersey streets since 1948, epitomize Washington Street’s primary shortcoming: it is outdated and does not conform to current standards for safety, accessibility, and multimodal travel. Additionally, the roadway surface and many of the crosswalks and curb ramps are in disrepair, less than 25% of the trees along this 1.3 mile street are in good condition, all stormwater drains to the City’s combined sewer and stormwater system, and poor street lighting contributes to glare and low visibility. All of these factors contribute to a lack of economic growth.

 The contradiction between Washington Street’s prosperous charm and obsolete structure informs the principal challenge of this design project. How can a historical and successful street transform to meet modern design standards while preserving what made it great in the first place? And how can this process be replicated elsewhere?

 As part of a comprehensive approach with extensive community input through open house meetings, exhibits, surveys, and web-based communications, the project identified various “Smart, Green, and Complete” goals for the future of Washington Street.

Subsequently, the project team initiated an extensive design phase that included collaboration among the City of Hoboken, the RBA Group, officials from the National Association of City Transportation Officials (NACTO), various Hoboken stakeholder groups, and the citizens of Hoboken.

The Complete Street Redesign of Washington Street embraces Smart Growth principles and applies them at a range of scales, while advancing the concept of Complete Streets from mobility-focused to the more inclusive “Smart, Green, and Complete.” The project successfully demonstrates how a comprehensive approach, dependent on community input and support, can expound a progressive future in a place treasured for its historical charm. By rethinking, redesigning, and retrofitting existing street space and infrastructure, the Complete Street Redesign of Washington Street enhances mobility and connections, increases walkability, makes sustainable transportation options more comfortable and attractive, encourages vibrant mixed use, improves resiliency to natural hazards, and boosts environmental quality – all with respect to community character and historic features. With each of these accomplishments, the project supports Smart Growth goals to serve and improve the community, the economy, and the environment, equally, with rousing and measurable benefits for generations to come.

More info can be found at http://www.hobokennj.org/washingtonstreet/

RBA Designated To Set Vision For Old City

A new plan from the Old City District aims to improve the historic neighborhood ahead of the 250th anniversary of the signing of the Declaration of Independence by identifying development opportunities in the historic Philadelphia neighborhood.

Vision 2015 is a plan for the Old City District that will offer short-term economic and physical development for the historic Philadelphia neighborhood.

Known as Vision 2026, the project is designed to identify potential sites for residential development, address building vacancies, and propose improvements to other public and private spaces.

“The economy is improving and there is already a ton of development happening on its own,” said Job Itzkowitz, executive director of Old City District. “We want to provide a framework to guide that development.”

But, he adds, Vision 2026 is meant as a resource for developers, not a mandate.

“We might identify specific sites, but they are only meant to be examples,” Itzkowitz said. “We aren’t developing anything ourselves, but we will have a document at the end of the day to show someone who asks us what is good in this market. It is a tool we’ll use to provide developers with ideas.”

Vision 2026 is the first plan of its kind for Old City, offering guidance on the short-term economic and physical development of the neighborhood, according to Gregory Diehl, economic development coordinator of Old City District.

The plan will still preserve the existing aesthetics of Old City, home to some of the country’s most significant historic locations like the Liberty Bell and Independence Hall – where the Declaration of Independence was signed.

“We want to optimize density without disrupting the historic fabric of the area,” Itzkowitz said. “We don’t want to sacrifice the history.”

There are several projects already in the works for the neighborhood, which the Old City District defines as the 22-block region bounded by Florist, Walnut, 6th and Front streets.

Some of the current and upcoming developments are:

  • $150 million construction of the 32,000 square-foot Museum of the American Revolution
  • Proposed mixed-use redevelopment at the National
  • Proposed 16-18 story building at 205 Race Street
  • Proposed 216-unit residential development at 401 Race Street
  • New townhome construction throughout the district (i.e. Quarry street, 7-Inspire, the Ross Homes)Along with attracting tourists, Old City is a popular nightlife destination. While bars and restaurants bring many people to the area, Itzkowitz said more daytime businesses are also settling in Old City, such as art galleries, consignment shops, and even tech firms.

    “It’s not the rowdy place it has the reputation of being,” he said. “Old City is a great destination for retail, art, business and dining. It’s a great place for just about anything.”

    The Vision 2026 planning committee consists of: RBA Group, an interdisciplinary design firm of planners; Atkin Olshin Schade Architects, a Philadelphia firm that focuses on architecture, planning, and interior design; and Urban Partners, economic development consultants.

    Three firms and a steering committee will take on the bulk of Vision 2026 process. The Old City District is seeking public input and neighbors can attend an open meeting on June 23 at the Arch Street Friends Meeting House. A public survey will also be available on the Old City District’s website next week.

    “The ultimate goal is to improve the economy and capitalize on opportunities that already exist here,” Itzkowitz said.

Article courtesy of Lindsay Castleberry of bizjournals.com

RBA to Design New Phase of Tookany Creek Trail

Plans are progressing for Phase III of the Tookany Creek Trail.  According to the master plan completed in1999, the four-phase project will create a 2.2-mile trail running along Tookany Creek from Central Avenue in Cheltenham Village to High School Park in Elkins Park.

Phases I and II created the existing trail that begins near Central Avenue and ends just before New Second Street in Tookany Park.  Phase III will extend the trail from that point to Harrison Avenue in Elkins Park.

Federal and state grants totaling $663,000 along with a 20 percent match from the township were used to finance the first two phases, according to township manager Bryan Havir.  Phases III and IV will be financed by a $500,000 grant from the Delaware Valley Regional Planning Commission and a $125,000 township match.  Havir said he’s on the lookout for additional grant funding.

Phase III will run through an area of little used public land along the creek. The project’s designer, The RBA Group, presented a revised plan to the commissioners in April.  It includes a 10 foot paved path with a bioswale (vegetated water retention area) to help control runoff and a 135 foot prefabricated footbridge bridge crossing the creek near New Second Street.  An ADA-compliant crosswalk with flashing beacons at New Second Street will connect the trail sections.

The revised plan also includes a path realignment that was needed because the original path was in the creek’s flood plain. The Cheltenham Little League Association agreed to remove their T-ball field at Gimble Park and move a fence at their baseball field to allow for the changes.

In response to neighbors’ concerns voiced at a February public meeting on the project, the township agreed to provide additional security along the path, provide warning signs for flood prone areas, remove heavy debris from the creek, and address the elimination of invasive plants.

Final project designs are expected by September.  The construction start date, which will be influenced by the timeline for area sewer improvements, is uncertain.  More details are available here.

Article by Edie Cerebi, courtesy of citizenscall.net

Long Beach Safety Initiative – The City Lowers Speed Limit to 25 mph on Residential Streets

By JOHN ASBURY of Newsday

A new 25 mph speed limit sign sits at the corner of Park Ave. and Neptune in Long Beach, Wednesday, March 25, 2015. Photo Credit: Newsday / Alejandra Villa.

The Long Beach City Council has voted to reduce the city’s speed limit to 25 mph on residential and side streets and to synchronize stoplights to keep traffic on its main thoroughfare under 30 mph.

City officials agreed earlier this month to lower the speed limit, unless otherwise posted, to 25 mph, which is the lowest speed possible without state legislation. Some streets — such as the “canal streets,” the “president streets” and parts of the West End — have been lowered to 15 mph.

The council’s move is aimed at making streets safer for pedestrians and bicyclists as part of “The Long Beach Safety Initiative.” The ordinance takes effect as soon as new signs are made and posted, likely in the next few weeks, officials said.

Speed limits had been set at 30 mph on most city streets.

Auto collisions with pedestrians and bicycles have fluctuated in the past three years. There were 27 bicycle crashes and 20 pedestrians struck last year, resulting in two deaths. There was one fatality in 2013, 11 pedestrians hit and 31 bicycle collisions.

The city’s main corridor of Park Avenue will remain at 30 mph, but will now have synchronized stoplights on the street from Riverside Boulevard to New York Avenue. The stoplights were originally set to 35.

Roadway in New York City’s Washington Heights is Being Replaced by a Pedestrian Plaza with Playfully Meandering Paving

New York City recently broke ground on a 14,000-square-foot public plaza in Washington Heights with a very wavy paving design. The Plaza de Las Americas  is intended to reference town squares found in the Caribbean, Central and South America. It was designed for the city by the RBA Group, a landscape architecture and engineering consulting firm.

The plaza’s design does feel reminiscent of the monochromatic wavy designs of the Brazilian landscape architect Roberto Burle Marx like the 1970 Copacabana Promenade, itself influenced by the Portuguese paving patterns of the 1930s. In more modern times, the design also reminds us of Bjarke Ingels‘ Superkilen park in Copenhagen.

Plaza de Las Americas will replace a block of roadway between a grocery store and an old theatre. The city says the plaza is designed to enhance the local markets that currently operate on the site by offering water and electrical system to vendors’ booths. The plaza will also include new trees, benches, “pedestrian scale lighting,” cafe seating, an information kiosk, and an artsy fountain by Ester Partegás.

When completed early next year, the space will host public events including concerts, dance shows, art and craft fairs, performances, and poetry readings.

Article and photos courtesy of NYC DDC & DOT

2015 New Jersey Bike & Walk Summit

The RBA Group is proud to have contributed as a sponsor for the 2015 NJ Bike & Walk Summit.  Over 200 attendees participated in this annual event.  Two RBA panel sessions, on bicycle stress-level mapping and complete streets for vibrant downtowns, were well attended.