Bernhard Capital Partners and Bowman Consulting Group Announce Completion of Approximately $1 Billion Acquisition

(NASDAQ:BWMN) Bowman Consulting Group Ltd. announced the completion of its acquisition by Bernhard Capital Partners in an all-cash transaction valued at approximately $1 billion. As a result of the closing, Bowman becomes a privately held company backed by Bernhard. Bowman's common stock has ceased trading and will be delisted from Nasdaq. The acquisition combines Bowman’s technical capabilities, client relationships, and national reach with Bernhard’s industry expertise and experience in supporting the growth of critical infrastructure services businesses. Bernhard and Bowman will pursue opportunities to build on Bowman’s established strategy of organic growth and strategic acquisitions. The combined entity aims to expand technical capabilities and strengthen its presence across key infrastructure markets. Mark Spender, Partner and Chief Investment Officer at Bernhard, stated that Bowman’s breadth of capabilities and national reach position it well for continued growth, and expressed support for the Bowman team as it strengthens its ability to serve clients. Gary Bowman, Founder and Chief Executive Officer of Bowman, commented that the transaction marks the start of a new chapter for Bowman and its employees, and emphasized Bernhard’s understanding of Bowman’s business and shared conviction in future opportunities. Gary Bowman highlighted Bowman’s 30-year history of methodical growth into a national business and expressed pride in the team’s accomplishments. He stated that Bernhard respects Bowman’s entrepreneurial culture and will build on that foundation. Bowman will continue investing in its people, bringing new expertise into the organization, and delivering technical excellence for clients. BofA Securities served as exclusive financial advisor and Latham & Watkins LLP served as legal counsel to Bowman. Collected Strategies served as strategic communications advisor. Kirkland & Ellis LLP served as legal counsel to Bernhard.

Bowman Acquires Dymaptic, Expanding AI-Powered Geospatial Data Collection and Data Mining

(NASDAQ:BWMN) Bowman Consulting Group Ltd. announced the acquisition of dymaptic, a provider of AI-powered custom geospatial solutions. Dymaptic is headquartered in Portland, Oregon and specializes in combining geospatial expertise with AI, machine learning, and custom software development. The acquisition expands Bowman's technology capabilities by adding AI and custom software solutions to its offerings. Bowman collects and manages a substantial library of location-based information in support of complex infrastructure projects. Dymaptic’s capabilities include enterprise GIS administration and customization, automated feature extraction from aerial and satellite imagery, natural-language interfaces for GIS, development of custom web and mobile applications, and automated spatial data pipelines. The integration of dymaptic’s technology will allow Bowman project teams to automate complex workflows, identify and extract information from imagery, connect data from multiple sources, and create custom applications for geospatial intelligence. Dymaptic’s expertise can be applied across markets such as power and utilities, transportation, natural resources, state and local governments, and other infrastructure environments. Gary Bowman, CEO of Bowman, stated that dymaptic adds an important technology layer to Bowman's geospatial offerings and enhances the company's ability to analyze and utilize location-based data. Mara Stoica, CEO of dymaptic, emphasized that combining GIS developers and AI specialists with Bowman engineers provides direct insight into client challenges and creates opportunities to build practical tools for infrastructure workflows. Dymaptic is an Esri Gold Partner and serves government, energy, nonprofit, and commercial organizations both nationally and internationally. The company has a distributed team across the United States. The acquisition is positioned as a strategic move to broaden Bowman's ability to help clients use growing volumes of geospatial and infrastructure data. No financial terms or transaction values were disclosed in the announcement. The announcement highlights the potential for new solutions that automate data-intensive processes and improve access to project information. The acquisition is expected to enhance Bowman's toolkit for solving client problems related to infrastructure and asset management.

Bowman Selected to Lead Waterside Infrastructure Design for PhilaPort’s $50 Million Cruise Terminal Capital Program

Bowman Consulting Group Ltd. (NASDAQ: BWMN) announced it is working with the Port of Philadelphia (“PhilaPort”) to lead the waterside design, permitting, and construction-phase services for a cruise terminal facility on Hog Island. The assignment is part of PhilaPort’s broader $50 million capital initiative to convert an existing wharf into a temporary cruise terminal for Norwegian Cruise Line’s Jewel Class vessels. Bowman will oversee approximately $22 million in waterside infrastructure improvements as the lead engineering partner for the marine-side scope. The project includes structural evaluation, reinforcement design, mooring and berthing analyses, hydrographic surveying, dredge sediment evaluation, permitting, regulatory coordination, and on-site construction inspection and management. The project is being delivered on an accelerated schedule to support planned cruise operations. Bowman states this award advances its strategy to increase its presence in infrastructure sectors with high barriers to entry. The company continues to pursue opportunities leveraging its integrated engineering, environmental, and construction management capabilities.

Bowman Reports Results for First Quarter 2026; Guidance Raise Indicates Over 20% Revenue Growth for 2026

Bowman Consulting Group Ltd. (NASDAQ: BWMN) reported its financial results for the first quarter ended March 31, 2026, showing record-setting backlog growth and double-digit increases in both net service billing and Adjusted EBITDA. Gross contract revenue was $126.5 million, up 12.0% from $112.9 million in the prior year period, while net service billing rose 14.1% to $114.2 million. The company executed a $146.7 million contract modification with a U.S. government agency, bringing the total contract value to $177.7 million, and repurchased 288,098 shares for $9.2 million. Bowman raised its full-year 2026 net revenue guidance to $520 - $540 million with an Adjusted EBITDA margin of 17.2% - 17.7%.

Bowman Acquires Nevada-based Smith & Associates Land Surveying

Bowman Consulting Group Ltd. (NASDAQ: BWMN) announced the acquisition of Smith & Associates Land Surveying, LLC, a Las Vegas, Nevada-based land surveying firm. The transaction was financed with a combination of cash and a seller promissory note. Bowman anticipates the acquisition to contribute approximately $2.0 million in annualized net service billing and be immediately accretive. Smith & Associates brings over three decades of experience and will expand Bowman's presence in the Southwest region, particularly the Las Vegas market. The acquisition aligns with Bowman's strategy of targeting high-quality firms that complement existing operations.