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home / news releases / BWMN - Bowman acquires Richter & Associates adding $5.5M to service bills


BWMN - Bowman acquires Richter & Associates adding $5.5M to service bills

2023-04-04 09:05:45 ET

  • Bowman Consulting Group ( NASDAQ: BWMN ) purchased of Richter & Associates, a Rockville, Maryland based professional services firm focused on dry utility infrastructure engineering.
  • The firm, founded by Steve Richter, a former PEPCO engineer, works with private and public clients along with utility services providers to navigate the complexities of design, development, and implementation of natural gas, electric and telecommunications infrastructure.
  • Richter, along with other senior managers of Richter, will become part of the Bowman management team.
  • The company expects the Richter acquisition to contribute ~$5.5M of annualized net service billing before revenue synergies and be immediately accretive.

For further details see:

Bowman acquires Richter & Associates, adding $5.5M to service bills
Stock Information

Company Name: Bowman Consulting Group Ltd.
Stock Symbol: BWMN
Market: NASDAQ
Website: bowman.com

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