KippsDeSanto & Co. advises Axim Geospatial, LLC on its sale to NV5 Global, Inc.
KippsDeSanto & Co. is pleased to announce the sale of its client, Axim Geospatial, LLC (“Axim” or the “Company”), a portfolio company of Bluestone Investment Partners, to NV5 Global, Inc. (“NV5”), a public, leading provider of professional and technical engineering and consulting solutions.
Headquartered in Wisconsin, Axim’s 340 employees operate out of four offices and have delivered geospatial services in 180 countries and seven continents. Axim utilizes over 200 high-tech, proprietary geospatial tools to support repeatable, scalable, and efficient geospatial data production and presents opportunities for synergies associated with NV5’s high-altitude data acquisition capabilities.
Axim offers four core delivery models, which fuse deep geospatial expertise and high-tech-enabled solutions with proprietary software tools to address critical business and national security challenges, including Survey and Mapping, Enterprise GIS and Cloud Services, Critical Infrastructure and Security, and Business Solutions and Analytics to deliver customized solutions to meet clients’ critical business challenges.
Axim leverages it platinum partnerships with leading geospatial information systems (“GIS”) software platforms, Esri and Cityworks, and deep domain knowledge to deliver custom geospatial solutions and agile applications to its customers.
Axim has built enduring customer relationships characterized by ongoing and long-term mission support of funded programs which have solidified franchise positions with high-profile geospatial consumers across multiple markets, including the National Geospatial-Intelligence Agency (“NGA”) and the Department of Defense (“DoD”). Customers incorporate the Company’s geospatial solutions into critical programs supporting national security, emergency response preparedness, climate resiliency, and infrastructure protection.
The acquisition will further expand and diversify NV5’s customer base to include new federal, state and local government, and commercial clients, strengthen NV5’s leadership position in geospatial utility solutions, and presents opportunities for synergies associated with NV5’s high-altitude data acquisition capabilities.
This transaction highlights several key trends in the Enterprise and Government Technology markets as geospatial information and technologies have become a ubiquitous part of everyday services and are central to the business models of many digital disruptors:
- Significant market demand for leading-edge, next-generation technologies at the confluence of cloud computing, geospatial data analytics, and machine learning that help improve business decision-making, performance, and operational efficiency
- Robust public buyer activity and appetite for new technology and horizontal investments, particularly for companies with leading market positions that can serve as internal “centers of excellence”
- Private equity activity in the market remains high as “buy-and-build” strategies continue to establish portfolio companies with strong industry fundamentals, reputation, and scale
KippsDeSanto & Co. is an investment banking firm focused on serving growth-oriented Aerospace / Defense, Government Services and Technology companies. We are focused on delivering exceptional M&A and Financing transaction results to our clients via leveraging our scale, creativity and industry experience. We help market leaders realize their full strategic value. Having advised on 200 industry transactions since 2008, KippsDeSanto is recognized for our analytical rigor, market insight, and broad industry relationships. There’s no substitute for experience. For more information, visit www.kippsdesanto.com.
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