Acuren Corp (TIC) saw its stock price soar by 5.11% during Thursday's trading session following two major announcements: a $1.7 billion merger agreement with NV5 Global and the release of its first quarter 2025 financial results.

The merger announcement, which came early Thursday, revealed that Acuren will acquire NV5 Global in a cash-and-stock deal valued at approximately $1.7 billion. Under the terms of the agreement, NV5 shareholders will receive $23 per share, consisting of $10 in cash and $13 in Acuren common shares. This merger is expected to create a global powerhouse in the Testing, Inspection, Certification, and Compliance (TICC) and engineering sectors. Acuren shareholders will own about 60% of the combined company, while NV5 shareholders will hold the remaining 40%. The deal is anticipated to be immediately accretive to Acuren, with expected cost synergies of $20 million.

Adding to the positive sentiment, Acuren also reported its Q1 2025 financial results, showing a 5.0% increase in revenue to $234.2 million compared to the same period last year. The company highlighted a strong 7.2% organic growth, demonstrating the resilience of its recurring revenue streams even in a cautious economic environment. Despite reporting a net loss of $25.9 million for the quarter, which included increased depreciation and amortization related to a previous acquisition, Acuren reaffirmed its full-year 2025 outlook, expecting revenue growth in the low-to-mid-single digit percentage range.

The combination of the strategic merger announcement and the solid Q1 performance, particularly in organic growth, appears to have boosted investor confidence in Acuren's future prospects, driving the significant stock price increase observed on Thursday.