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Bowman Acquires H2H Geoscience Engineering, Expands Benefit Of Transportation Infrastructure Spending

Dec 05, 2022over 2 years ago

Acquiring Company

Bowman Consulting Group Ltd

Acquired Company

H2H Geoscience Engineering

RestonCivil EngineeringConsultingInformation TechnologyGeospatialOil And GasConsulting

Description

Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), today announced the purchase of H2H Geoscience Engineering, PLLC (“H2H”), a Troy, New York based professional services firm that is focused on the aggregate, cement and industrial minerals industries. H2H also specializes in the collection of detailed 3D measurements and images using state-of-the-art aerial, marine-based, underground, and terrestrial survey mapping technologies. Founded in 2005 by Richard Hisert, PhD PG, H2H provides mine permitting, geospatial, geologic, hydrogeologic, geotechnical, civil and mine engineering, hydrographic, and environmental services to a variety of state, federal, and private sector clients throughout the United States. Hisert, along with other senior managers of H2H, will become part of the Bowman management team.

Company Information

Company

Bowman Consulting Group Ltd

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.

FundzWatch™ Score

83
High M&A Activity

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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