Bowman Consulting Acquires Element Engineering LLC, A Civil, Water And Wastewater Engineering Services Firm Based In Lakewood, Colorado; No Terms Disclosed

7/12/24 7:33:24 AM ET

Professional Services

Consumer Discretionary

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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.

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Recent Analyst Ratings for
$BWMN

Date	Price Target	Rating	Analyst
6/3/2024	$37.00	Outperform	Robert W. Baird
5/24/2024	$36.50	Buy	BofA Securities
12/8/2023	$45.00	Buy	ROTH MKM
9/5/2023	$46.00	Buy	Craig Hallum
11/12/2021	$19.00 → $22.00	Buy	B. Riley Securities

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Bowman Announces Financial Results for Three and Nine Months Ended September 30, 2024
Bowman Consulting Group Ltd. (NASDAQ:BWMN) ("Bowman" or the "Company"), a national engineering and infrastructure services firm supporting owners and developers of the built environment, today released financial results for the three and nine months ended September 30, 2024. "I'm pleased to report that we are delivering on our commitment to profitable growth," said Gary Bowman, Chairman and CEO of Bowman. "For the first time in our history, we exceeded $100 million in net revenue in a single quarter. We are all justifiably proud of this significant milestone given our full year net revenue in 2020, the last year before our IPO, was $103 million. This accomplishment is a testament to the re
11/6/24 4:05:00 PM ET
$BWMN
Professional Services
Consumer Discretionary
Bowman to Acquire Exeltech, Expanding Bridge Design and Transportation Engineering
Bowman Consulting Group Ltd. (the "Company" or "Bowman") (NASDAQ:BWMN), today announced it has entered into a definitive purchase agreement to acquire Exeltech Consulting, Inc. ("Exeltech") based in Lacey, Washington. Exeltech specializes in bridge design, transportation planning, environmental compliance, civil engineering, landscape architecture, permitting and construction management for owners and operators of transportation infrastructure, transit facilities, ports and harbors, waterfront developments, building structures, and storm drainage and utility systems. Led by Santosh Kuruvilla, PE, SE, PMP, Exeltech serves clients throughout the Pacific Northwest from offices in Washington, O
10/31/24 4:05:00 PM ET
$BWMN
Professional Services
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Bowman Publishes Initial Materiality Assessment
Bowman Consulting Group Ltd. (the "Company" or "Bowman") (NASDAQ:BWMN), a national engineering services firm delivering infrastructure design solutions and project management services to customers who own, develop and maintain the built environment, today announced the completion and publication of its inaugural double materiality assessment. The assessment underscores the company's commitment to enhancing its sustainability, engagement and governance strategies and practices. A double materiality assessment engages with stakeholders to determine the environmental, societal, and financial effects that risks and opportunities associated with sustainability and governance present to the comp
10/22/24 7:00:00 AM ET
$BWMN
Professional Services
Consumer Discretionary

Bowman Appoints Gabriel Secrest to VP, Mining, West Regional Manager
Bowman Consulting Group Ltd. (the Company or Bowman) (NASDAQ:BWMN), a national engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment, has appointed Gabriel Secrest, PE, to vice president of mining and west regional manager. He's succeeding Kent Lang, who is retiring after a distinguished career. Gabriel brings 18 years of experience in all facets of mining project development and execution, including project management, engineering management, risk management, on-site construction management, feasibility studies and mechanical engineering. His ability to proactively manage large-scale domestic and international proje
7/25/24 7:30:00 AM ET
$BWMN
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Bowman Acquires MEP and Fire Protection Engineering Firm Moore Consulting Engineers
Bowman Consulting Group Ltd. (the "Company" or "Bowman") (NASDAQ:BWMN), a national engineering services firm delivering infrastructure solutions to customers who own, develop, and maintain the built environment, today announced the acquisition of Moore Consulting Engineers ("Moore"), a mechanical, electrical, plumbing, and fire protection ("MEP/FP") engineering firm based in Shamong, New Jersey. Moore provides comprehensive MEP/FP engineering services to private and public sector clients throughout the United States. Founded in 2003 by current president Jeffrey Moore, PE, LEED AP, the firm provides specialized and generalized expertise in the areas of heating, ventilation, and air systems
4/17/24 7:00:00 AM ET
$BWMN
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Bowman Welcomes David Stickles, RPLS, PSM, PLS, to Expand Company's Public Sector Geospatial Portfolio
Bowman Consulting Group Ltd. (the Company or Bowman) (NASDAQ:BWMN), a national engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment, proudly announces the appointment of David Stickles, RPLS, PSM, PLS, as director of business development, geospatial survey. Stickles brings to Bowman over three decades of experience working with transportation departments and highway administrations, including the Florida Department of Transportation (FDOT), the Maryland State Highway Administration and the Maryland Port Administration. Based out of Bowman's Plano, TX office, he will focus on securing government and public sector con
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Bowman Acquires Utility Services and Sustainability Solutions Firm FCS Group
Bowman Consulting Group Ltd. (the "Company" or "Bowman") (NASDAQ:BWMN), a national engineering services firm delivering infrastructure design solutions to customers who own, develop, and maintain the built environment, today announced the acquisition of Redmond, Washington based FCS Group ("FCS"). FCS is a professional services firm focused on addressing the financial, management and economic challenges facing public sector entities including utilities, state and local governments, regional agencies and public safety organizations. Led by current President and Principal John Ghilarducci, FCS specializes in utility rate and fee advisory services along with utility management, financial and e
7/18/24 7:30:00 AM ET
$BWMN
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Bowman Acquires Colorado Water/Wastewater Firm Element Engineering
Bowman Consulting Group Ltd. (the "Company" or "Bowman") (NASDAQ:BWMN), a national engineering services firm delivering infrastructure design solutions to customers who own, develop, and maintain the built environment, today announced the acquisition of Element Engineering LLC ("Element"), a civil, water and wastewater engineering services firm based in Lakewood, Colorado. Element serves rural communities and specialty districts throughout the Rocky Mountain West and Midwest. The firm delivers a comprehensive suite of professional, innovative, and cost-effective engineering solutions to its clients. Working with primarily municipal clients, Element strives to meet each client's unique ass
7/12/24 7:30:00 AM ET
$BWMN
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Bowman Announces Financial Results for Three Months Ended March 31, 2024
Bowman Consulting Group Ltd. (NASDAQ:BWMN) ("Bowman" or the "Company"), a national engineering and infrastructure services firm supporting owners and developers of the built environment, today released financial results for the three months ended March 31, 2024. "The first quarter delivered the revenue rebound we were expecting," said Gary Bowman, Chairman and CEO of Bowman. "Net service billing increased consecutively each month during the quarter in line with our expectations. Demand for engineering services remains strong and we generated healthy new orders during the quarter, especially in transportation which showed a meaningful increase as a percentage of total backlog. With the bul
5/6/24 4:05:00 PM ET
$BWMN
Professional Services
Consumer Discretionary

Bowman Consulting Acquires Element Engineering LLC, A Civil, Water And Wastewater Engineering Services Firm Based In Lakewood, Colorado; No Terms Disclosed

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$BWMN Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by Bowman Consulting Group Ltd.

SEC Form SC 13D/A filed by Bowman Consulting Group Ltd. (Amendment)

SEC Form SC 13G/A filed by Bowman Consulting Group Ltd. (Amendment)

$BWMN Market Insights

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Bowman Consulting Group Completed The Installation And Activation Of Its First Company-owned, Stand-alone Electric Vehicle (EV) Charging Stations At Its Burlington, VT-area Office

Bowman Acquires FCS Group, Terms Not Disclosed; Co. Anticipates Deal Will Initially Contribute Annualized Net Service Billing Run Rate Of ~$7M And Be Immediately Accretive

Bowman Consulting Acquires Element Engineering LLC, A Civil, Water And Wastewater Engineering Services Firm Based In Lakewood, Colorado; No Terms Disclosed

$BWMN Press Releases

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Bowman Announces Financial Results for Three and Nine Months Ended September 30, 2024

Bowman to Acquire Exeltech, Expanding Bridge Design and Transportation Engineering

Bowman Publishes Initial Materiality Assessment

$BWMN Insider Trading

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Chief Legal Officer Hickey Robert Alan sold $130,355 worth of shares (5,000 units at $26.07), decreasing direct ownership by 3% to 190,832 units (SEC Form 4)

Chief Legal Officer Hickey Robert Alan sold $23,306 worth of shares (1,056 units at $22.07), decreasing direct ownership by 0.54% to 195,832 units (SEC Form 4)

Chief Legal Officer Hickey Robert Alan sold $31,898 worth of shares (1,444 units at $22.09), decreasing direct ownership by 0.73% to 196,888 units (SEC Form 4)

$BWMN Leadership Updates

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Bowman Appoints Gabriel Secrest to VP, Mining, West Regional Manager

Bowman Acquires MEP and Fire Protection Engineering Firm Moore Consulting Engineers

Bowman Welcomes David Stickles, RPLS, PSM, PLS, to Expand Company's Public Sector Geospatial Portfolio

Bowman Acquires Utility Services and Sustainability Solutions Firm FCS Group

Bowman Acquires Colorado Water/Wastewater Firm Element Engineering

Bowman Announces Financial Results for Three Months Ended March 31, 2024

$BWMN SEC Filings

SEC Form 10-Q filed by Bowman Consulting Group Ltd.

Bowman Consulting Group Ltd. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

Bowman Consulting Group Ltd. filed SEC Form 8-K: Regulation FD Disclosure

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Robert W. Baird initiated coverage on Bowman Consulting Group with a new price target

BofA Securities initiated coverage on Bowman Consulting Group with a new price target

ROTH MKM initiated coverage on Bowman Consulting Group with a new price target

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