Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

Bowman Consulting Acquires US Engineering Firm Kibart.

Document Cited in Related
Vincent

MANews-(C)2009-2021

US-based engineering services group Bowman Consulting Group Ltd (NASDAQ: BWMN) has acquired the assets of US-based engineering firm Kibart, Inc, the group said.

Established in 1986 and based in Towson, Maryland, Kibart delivers a range of services including mechanical, electrical and energy engineering, master planning, utility and infrastructure design, commissioning, LEED-certification design, and construction administration.

Under a leadership of Ed Abbott, Kibart services its clients with a team of 35+ employees including professional engineers, LEED accredited and certified commissioning professionals, and CSI certified document technicians.

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 Kibart acquisition to initially contribute approximately USD 6.3m of annualized net service billing.

Founded in 1986, Kibart is an MEP engineering and commissioning firm that works collaboratively with all project stakeholders...

To continue reading

Request your trial
COPYRIGHT Normans Media Ltd.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT