Bowman Consulting Group Acquires KTA Group, Inc.

Bowman Consulting Group Acquires Kibart, Inc.

July 11, 2022

Engineering Services

Bowman Consulting Group Ltd. has acquired the assets of Kibart, Inc., a Towson, Maryland-based MEP engineering and commissioning firm. The acquisition strengthens Bowman's building services and MEP capabilities, expands cross-selling opportunities, and is expected to be immediately accretive, contributing approximately $6.3 million of annualized net service billing.

Bowman Consulting Group Ltd. Acquires BTM Engineering, Inc.

October 15, 2021

Engineering Services

Bowman Consulting Group Ltd. acquired the assets of BTM Engineering, Inc., a Louisville, Kentucky-based civil and structural engineering, surveying and landscape architecture firm. The asset purchase (financed with cash, seller financing and stock) is expected to initially contribute approximately $3.0 million of annual net service billing and expands Bowman's presence into the Louisville market.

Bowman Consulting Group Acquires Terra Associates, Inc.

December 27, 2021

Engineering Services

Bowman Consulting Group Ltd. (NASDAQ: BWMN) entered into a definitive agreement to acquire Terra Associates, Inc., a Houston- and San Antonio-based civil engineering and surveying firm, with closing scheduled for December 31, 2021. The acquisition, financed with cash, seller financing and stock, is expected to be immediately accretive and to contribute approximately $5.5 million of annualized net service billing while expanding Bowman’s Texas operations and service capabilities.

Bowman Consulting Acquires Excellence Engineering, LLC

September 29, 2023

Engineering Services

Bowman Consulting Group Ltd. entered into a definitive purchase agreement to acquire Tulsa-based Excellence Engineering, LLC, a multi-discipline engineering firm serving petrochemical, hydrogen, industrial and electric vehicle industries. The deal (expected to close in early October 2023) will bring Excellence's staff into Bowman and is financed with cash, seller notes and equity; Bowman said the acquisition is immediately accretive and will initially operate at an annualized net service billing run rate of about $4.0 million.

Bowman Consulting Acquires SEI Professional Services (SEI Engineering)

November 7, 2022

Energy

Bowman Consulting Group Ltd. (Bowman) has acquired SEI Engineering, LLC (operating as SEI Professional Services), a Paonia, Colorado-based provider of engineering, design and commissioning services for utility and commercial-scale solar and battery storage projects. The deal, financed with cash and seller notes, is expected to add approximately $1.5 million of annualized net service billing and strengthen Bowman's renewable energy planning, engineering and commissioning capabilities.

Bowman Consulting Group Acquires Perry Engineering LLC

January 24, 2022

Engineering Services

Bowman Consulting Group Ltd. (Nasdaq: BWMN) has signed a definitive agreement to acquire Perry Engineering LLC, a Tucson-based civil engineering and land surveying firm. The acquisition, expected to close February 2, 2022, will expand Bowman's Tucson operations and add approximately $1.5 million of annualized net service billing, and was financed with cash, seller financing, and stock.