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Acquisition boosts public sector surveying, mapping, engineering and utility infrastructure capabilities.
Bowman has introduced the acquisition of Excessive…
The agency focuses on tasks involving transportation, railroads, utilities and power, private and non-private Okay-12 and better schooling, well being care and personal land improvement. With a focus on long-term on-call services-oriented consumer relationships, Excessive Mesa is a progressive, high quality primarily based choice (QBS) agency with a observe document of delivering progressive companies and options.
The agency’s workers of twenty-two professionals consists of a number of FAA Half 107 licensed pilots who function a fleet of UAV and UAS drones and high-resolution imagery techniques. All Excessive Mesa staff will be part of Bowman in reference to the acquisition.
“Excessive Mesa is a superb addition to Bowman and instantly expands our attain into rising markets we don’t presently serve,” mentioned Gary Bowman, chairman and CEO of Bowman. “Their deal with instructional and well being care establishments, utility and power purchasers, and public sector clients all through the southwest is very complementary to our current footprint and suite of companies. The core abilities of their skilled workforce are nicely aligned and extremely in keeping with our tradition of work-sharing and utilization optimization. Moreover, their focus on state, native, and federal clients together with their experience in greater schooling and Okay-12 instructional tasks makes them a terrific match for our strategic initiative to extend public sector assignments. I am more than happy to have the Excessive Mesa staff be part of us and sit up for an important future collectively.”
“That is the subsequent chapter within the storied historical past of our agency,” mentioned Charles Cala, president of Excessive Mesa. “We have now achieved an incredible quantity throughout the agency’s 46-year historical past, and I’m extremely happy with the work we have delivered to our clients and our communities. At the moment we begin the subsequent section of our skilled journey as part of Bowman. We’re excited concerning the alternatives this presents for our workers, for our purchasers and for our collective futures. We’re all able to get to work including worth to Bowman.”
Financed with a mixture of money, vendor notes and fairness, the acquisition falls inside beforehand mentioned goal a number of and working metric ranges and is anticipated to be instantly accretive. The Firm anticipates the acquisition will initially function at an annualized internet service billing run price of roughly $4 million. Extra detailed data on M&A actions, pipeline and steerage updates are supplied in reference to scheduled quarterly and annual communications.
SOURCE: Bowman
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