NV5 Global, Inc. (NasdaqCM:NVEE) entered into an agreement to acquire Visual Information Solutions Business of L3Harris Technologies, Inc. (NYSE:LHX) for $70 million on December 21, 2022. The acquisition is an all-cash transaction and is subject to customary purchase price adjustments. The transaction is subject to regulatory approvals and is currently anticipated to occur during the first half of 2023.

As of February 24, 2023, the transaction is expected to close mid-fiscal 2023. The acquisition will be immediately accretive to NV5?s earnings. Lloyd Rothenberg , Megan Stombock, Marina Casani, Eyvonne Mallett ,Tiffany Moseley and Albert Cohen, Nicole Travers, Ryan Austin, Bill Voller,Peter Strauss, Dana Rosenthal of Loeb & Loeb LLP acted as legal advisor to NV5 Global, Inc. Mark Lees of Seabury Securities LLC acted as the financial advisor to L3Harris Technologies.