Bowman Acquires Dennis Corp. to Enhance Services in Civil Engineering and Construction Management.
MANews-(C)2009-2023
Virginia, US-based engineering services firm Bowman Consulting Group Ltd. has acquire South Carolina-based civil engineering, surveying and construction management firm Dennis Corp., the company said.
Terms of the transaction were not disclosed.
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 operate at an annualised net service billing run rate of approximately USD4.5 m.
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