Bowman Consulting Acquires Element Engineering LLC, A Civil, Water And Wastewater Engineering Services Firm Based In Lakewood, Colorado; No Terms Disclosed
The Company anticipates the acquisition will initially contribute at an annualized net service billing run rate of approximately $4.0 million and be immediately accretive.
Financed with a combination of cash, seller notes, and equity, the acquisition falls within previously discussed target multiples and operating metric ranges.