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Subsequent Event
6 Months Ended
Jun. 30, 2020
Subsequent Events [Abstract]  
SUBSEQUENT EVENT

NOTE 16 – SUBSEQUENT EVENT

 

On July 29, 2020, the Company entered into a definitive agreement to acquire Alta Vista Solutions, Inc. (“Alta Vista”).  The purchase agreement calls for the Company to pay Alta Vista up to $14.6 million in the form of cash and stock consideration upon closing, which is expected in the third quarter 2020.  Consideration may also be increased or decreased based on results in future years.  Final value will be subject to customary closing working capital adjustments and the resolution of certain contingencies. 

 

Alta Vista is headquartered in Oakland, California and provides testing and inspection services primarily to infrastructure clients.  Alta Vista has 100 employees and has offices in California and New York.