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
- Industry
- Engineering Services
- Location
- Maryland, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
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 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.
-
Bowman Consulting Acquires Hess-Rountree, Inc.
December 12, 2023
Engineering Services
Bowman Consulting Group Ltd. (Nasdaq: BWMN) acquired Hess-Rountree, Inc., a Phoenix-based civil engineering and land surveying firm. The acquisition, financed with cash, seller notes and equity, expands Bowman’s Arizona footprint and adds Hess‑Rountree’s expertise in educational, athletic and renewable energy projects to Bowman’s national engineering platform.
-
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 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 Acquires McMahon Associates, Inc.
May 4, 2022
Engineering Services
Bowman (NASDAQ: BWMN) has acquired McMahon Associates, Inc., a Fort Washington, Pennsylvania-based transportation planning and engineering firm. The stock purchase, valued at $18.5 million (subject to post-closing adjustments), expands Bowman's transportation infrastructure capabilities and adds roughly $28 million of annualized transportation-related net service billings.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.