Bowman Consulting Group Ltd. Acquires BTM Engineering, Inc.

Bowman Consulting Acquires Element Engineering

July 12, 2024

Engineering Services

Bowman Consulting Group Ltd. (NASDAQ: BWMN) has acquired Element Engineering LLC, a Lakewood, Colorado-based civil, water and wastewater engineering firm. The transaction, financed with cash, seller notes, and equity, is expected to add roughly $4.0 million in annualized net service billing run rate and immediately be accretive to Bowman while extending its water-wastewater capabilities and Colorado presence.

Bowman Consulting Acquires Trudell Consulting Engineers (and Vermont Underground Locators)

February 5, 2024

Engineering Services

Bowman Consulting Group Ltd. (Nasdaq: BWMN) has acquired Trudell Consulting Engineers and its wholly owned Vermont Underground Locators subsidiary, a multidisciplinary engineering and utility-locating business based in Williston (near Burlington), Vermont. The acquisition expands Bowman's presence in northern New England and Upstate New York, adds civil/site engineering, surveying and utility locating capabilities, and brings an initial annualized net service billing run rate of roughly $4.5 million.

Bowman Consulting Group Acquires CFA, Inc.

November 10, 2023

Engineering Services

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.

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 Perry Engineering LLC

January 24, 2022

Engineering Services

Bowman Consulting Group Ltd. (Nasdaq: BWMN) has signed a definitive agreement to acquire Perry Engineering LLC, a Tucson-based civil engineering and land surveying firm. The acquisition, expected to close February 2, 2022, will expand Bowman's Tucson operations and add approximately $1.5 million of annualized net service billing, and was financed with cash, seller financing, and stock.

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.