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