Bowman Consulting Group Acquires Project Design Consultants
July 18, 2022
Bowman Consulting Group Ltd. (Bowman) has acquired Project Design Consultants (PDC), a San Diego–based civil engineering, surveying, planning and landscape architecture firm founded in 1976 with approximately 65 employees. The stock purchase (with a Section 338(h)(10) election) is expected to add about $14 million of annualized net service billing and was financed with cash and notes, including an unsecured seller note and a convertible note.
- Buyers
- Bowman Consulting Group Ltd.
- Targets
- Project Design Consultants
- Industry
- Engineering Services
- Location
- California, United States
- Transaction Type
- Buyout
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