Bowman Consulting Group Acquires Richter & Associates

April 4, 2023

Bowman Consulting Group Ltd. (NASDAQ: BWMN) acquired Richter & Associates, a Rockville, Maryland–based dry utility infrastructure engineering firm. The acquisition expands Bowman's utilities and power engineering capabilities, is expected to add roughly $5.5 million of annualized net service billing, and was financed with cash, seller notes, and equity.

Buyers
Bowman Consulting Group Ltd.
Targets
Richter & Associates
Location
Maryland, United States
Transaction Type
Buyout

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