BWMN - Bowman Consulting Group acquires Anchor Consultants LLC

• Bowman Consulting Group ( NASDAQ: BWMN ) buys Pennsylvania-based Anchor Consultants, which specializes in the planning, inspection, design, environmental permitting, dredging engineering, and construction management of waterfront infrastructure along coastal and inland waterways throughout North America.
• The move to initially contribute ~$2.5M of annualized net service billing and be immediately accretive.
• The deal was financed with a combination of cash and notes including an unsecured seller note and a convertible seller note with an $18.00 per share conversion option.

For further details see: