Bowman Consulting Group Acquires CFA, Inc.
November 10, 2023
Bowman Consulting Group Ltd. (NASDAQ: BWMN) has acquired CFA, Inc., a Reno, Nevada-based civil engineering, surveying, planning and remote sensing firm. The acquisition — financed with cash, seller notes and equity — brings roughly 30 CFA professionals into Bowman and strengthens Bowman's presence in Nevada, with an initial annualized net service billing run rate of about $5 million.
- Buyers
- Bowman Consulting Group Ltd.
- Targets
- CFA, Inc.
- Industry
- Engineering Services
- Location
- Nevada, United States
- Transaction Type
- Buyout
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