Bowman Acquires McMahon Associates, Inc.
May 4, 2022
Bowman (NASDAQ: BWMN) has acquired McMahon Associates, Inc., a Fort Washington, Pennsylvania-based transportation planning and engineering firm. The stock purchase, valued at $18.5 million (subject to post-closing adjustments), expands Bowman's transportation infrastructure capabilities and adds roughly $28 million of annualized transportation-related net service billings.
- Buyers
- Bowman Consulting Group, Inc. (Bowman)
- Targets
- McMahon Associates, Inc.
- Industry
- Engineering Services
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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