Bowman Consulting Acquires Spatial Acuity

Bowman Consulting Group to Acquire Surdex Corporation

April 3, 2024

IT Services

Bowman Consulting Group Ltd. (NASDAQ: BWMN) entered into a definitive agreement to acquire Surdex Corporation, a geospatial and engineering services firm based in St. Louis. The transaction is expected to close by April 10, 2024 and will add high-altitude digital imagery, advanced LiDAR, intelligent digital mapping, and disaster mapping to Bowman’s geospatial offerings.

Bowman Consulting Group Acquires High Mesa Consulting Group

November 15, 2023

Engineering Services

Bowman Consulting Group Ltd. (Nasdaq: BWMN) has acquired High Mesa Consulting Group, a 46-year-old multidisciplinary surveying, mapping, subsurface utility and civil engineering firm headquartered in Albuquerque, New Mexico. The acquisition expands Bowman’s presence in the Southwestern U.S., adds UAV-based geospatial capabilities and brings High Mesa’s ~22 employees and public-sector client relationships into Bowman’s national engineering platform.

Bowman Consulting Acquires MTX Surveying

June 5, 2023

Engineering Services

Bowman Consulting Group Ltd. (Bowman) has acquired MTX Surveying, Inc., a Marshall, Texas-based geospatial, land survey and project management firm. The acquisition (financed with cash, seller notes, and equity) brings over 60 MTX employees into Bowman, is expected to add about $9 million of annualized net service billing, and expands Bowman’s energy- and utility-oriented geospatial and surveying capabilities.

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 Group Acquires 1519 Surveying, LLC

December 23, 2021

Engineering Services

Bowman Consulting Group Ltd. (NASDAQ: BWMN) acquired 1519 Surveying, LLC, a Waco, Texas–based surveying, geomatics and civil engineering firm with offices in Waco and Fort Worth. The deal, funded with cash, seller financing and stock, adds roughly 35 professionals and is expected to be immediately accretive—initially contributing more than $5.5 million of annualized net service billing—while expanding Bowman’s Texas surveying, infrastructure and renewable energy capabilities.

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.