Bowman Acquires 1519 Surveying, Expanding Survey, Geomatics and Civil Engineering Practice.
MANews-(C)2009-2021
US-based engineering services firm Bowman Consulting Group Ltd. (NASDAQ: BWMN) has acquired US-based engineering and survey solutions provider 1519 Surveying, LLC, the group said.
Established in 1974 and headquartered in Waco, Texas, 1519 delivers a range of engineering and survey solutions to a diverse base of private and public clients.
Services include land surveying, aerial imaging, GIS mapping, 3-D laser scanning and civil engineering.
Under the continuing leadership of Aaron McMillan and David Dossey, 1519's staff of 35+ professionals work from Waco and Fort Worth offices for clients focused on renewable energy, public works, oil and gas and land development.
The acquisition, which the company expects to be immediately accretive, was financed with a combination of cash, seller financing, and stock.
The company expects the 1519 acquisition to initially contribute more than USD 5.5m of annualized net service billing.
1519 Surveying is a professional services firm focused on providing exceptional service while meeting the highest industry safety standards.
The company has been...
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