Benchmark International has announced the successful acquisition of TMCADD Consulting & Services, LLC, known as myBIMteam, by NV5 Global, Inc. (Nasdaq: NVEE). This acquisition represents a significant development in the integration of reality capture technologies within the engineering and architecture industries.
myBIMteam specializes in creating 3D building asset models that are instrumental in resource planning, renovation, and new construction projects. Over its twenty-year history, the company has completed numerous projects across various sectors, including education, healthcare, and infrastructure. Their comprehensive suite of services includes building information modeling (BIM) management, training and support, laser scanning, reality capture, and computer-aided design (CAD) services, all tailored to meet the diverse needs of professionals in the architecture, engineering, construction, and operations (AECO) sector.
Transaction Director Sean Fechtmann commented on the process, stating, "We had the opportunity to facilitate the quintessential M&A process between myBIMteam and NV5 Global, Inc., which was truly a joy. Troy was an absolute pleasure to work with and a true expert in his craft. He knew exactly what he wanted from this process, and all we had to do was find him the proper partner. As for NV5, this deal would not have been possible without their patience, expertise, and knowledge gleaned from completing many deals in the past. We very much look forward to an ongoing relationship with a buyer of this caliber."
Based in Hollywood, FL, NV5 Global, Inc. provides technology, conformity assessment, and consulting solutions for a variety of public and private clients across different infrastructure and engineering verticals. With the integration of myBIMteam's technology-forward approach to building management, NV5 Global is positioned to enhance its service offerings significantly. myBIMteam, led by CEO and founder Troy Mifsud, has been at the forefront of building digitization and digital twin methodology, serving the engineering and architecture markets with innovative solutions.
This acquisition highlights the critical role that advanced technologies like reality capture and BIM play in modern infrastructure projects. The combination of myBIMteam's expertise and NV5 Global's extensive portfolio and client base is expected to drive further innovation and efficiency in the industry. The move also signals a broader trend of consolidation and technological integration within the AECO sector, aiming to streamline processes and improve project outcomes.
The successful facilitation by Benchmark International underscores the firm's experience and capability in managing complex M&A transactions. It also emphasizes the importance of strategic partnerships in enhancing service delivery and expanding market reach in the competitive and rapidly evolving field of engineering and architecture technology.
