BWMN - Bowman acquires Southwest Florida-based Hole Montes
2023-05-17 09:02:17 ET
- Bowman Consulting Group ( NASDAQ: BWMN ) purchases Hole Montes, an engineering services firm offering an extensive portfolio of infrastructure planning services from offices in Naples, FL and Fort Myers, FL.
- Financed with a combination of cash, seller notes, and equity, the acquisition falls within previously discussed target multiple and operating metric ranges and is expected to be immediately accretive.
- The company anticipates the acquisition will initially contribute ~$7M of annualized net service billing.
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Bowman acquires Southwest Florida-based Hole Montes