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Bowman completes acquisition of Element Engineering LLC to expand water-wastewater practice

Jul 12, 2024•over 1 year ago

Acquiring Company

Bowman Consulting

Acquired Company

Element Engineering

RestonLakewoodInformation TechnologyWater

Description

Bowman Consulting Group Ltd. has announced the acquisition of Element Engineering LLC, a civil, water, and wastewater engineering services firm based in Lakewood, Colorado. This strategic acquisition extends Bowman's national water-wastewater practice and presence throughout Colorado, adding additional depth to their services and resources.

Company Information

Company

Bowman Consulting

Location

Reston, Virginia, United States

About

Bowman Consulting Group Ltd. is a national engineering services firm delivering infrastructure solutions to customers who own, develop, and maintain the built environment. The company is listed on NASDAQ under the ticker symbol BWMN and focuses on providing comprehensive geospatial and engineering services.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed