Bowman Consulting Group to Acquire Exeltech Consulting, Inc.

Bowman Consulting Group to Acquire Exeltech Consulting

October 31, 2024

Engineering Services

Bowman Consulting Group Ltd. entered into a definitive purchase agreement to acquire Exeltech Consulting, Inc., a Washington-based provider of bridge design, transportation planning, environmental compliance, and related civil engineering services. The acquisition is expected to initially operate at an annualized net service billing run rate of approximately $7.0 million and is subject to customary closing conditions expected on or after November 5, 2024.

Bowman Consulting Acquires Excellence Engineering, LLC

September 29, 2023

Engineering Services

Bowman Consulting Group Ltd. entered into a definitive purchase agreement to acquire Tulsa-based Excellence Engineering, LLC, a multi-discipline engineering firm serving petrochemical, hydrogen, industrial and electric vehicle industries. The deal (expected to close in early October 2023) will bring Excellence's staff into Bowman and is financed with cash, seller notes and equity; Bowman said the acquisition is immediately accretive and will initially operate at an annualized net service billing run rate of about $4.0 million.

Bowman Consulting Group Acquires Speece Lewis Engineers

February 20, 2024

Engineering Services

Bowman Consulting Group Ltd. (Nasdaq: BWMN) has acquired Speece Lewis Engineers, a Lincoln, Nebraska-based transportation, bridge design, surveying, and hydraulics engineering firm. The acquisition — financed with cash, seller notes, and equity — adds roughly $4.0 million in annualized net service billings and expands Bowman's transportation and Midwest footprint.

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 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 Acquires Advanced Applied Engineering (Infrastructure Engineers)

June 13, 2023

Engineering Services

Bowman Consulting Group Ltd. has acquired Advanced Applied Engineering, Inc., dba Infrastructure Engineers, a Brea, California-based provider of civil engineering, planning, environmental, geospatial, and municipal infrastructure services. The acquired firm (over 80 employees) will join Bowman to expand the company's public sector infrastructure presence in California and is expected to contribute roughly $10 million of annualized net service billing.