Bowman Consulting Acquires Excellence Engineering, LLC

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.