Bowman Consulting Group Ltd.
Bowman is a professional services firm delivering innovative engineering solutions to customers who own, develop, and maintain the built environment. We provide planning, engineering, construction management, commissioning, environmental consulting, geomatics, survey, land procurement and other technical services to over 2,200 customers operating in a diverse set of end markets.
Gary Bowman, our chairman, chief executive officer and largest shareholder, founded Bowman in 1995. Over the past 10 years, we have experienced a roughly four-fold increase in revenue to $122.0 million for the year ended Dec. 31, 2020. Over that period, we have risen 255 spots on the ENR Top 500 Design Firms list to a ranking of 154 on the 2020 list. We have achieved this growth through both organic expansion and acquisitions. Today, our workforce of over 750 employees provide services to over 2,800 active customer projects from 32 offices throughout the United States.
We work as both a prime and sub-consultant for a broad base of public and private sector customers that generally operate in highly regulated environments. Our public sector assignments originate from customers that are utilities, government agencies (federal, state, and local), military branches, school systems, transportation departments and water authorities. Our private sector assignments originate from customers that operate in commercial markets including data centers, renewable energy, residential and commercial real estate, big-box and convenience retail, mining, and healthcare.
We have a diversified business that is not dependent on any one service line, geographic region or end market.
(Note: Bowman Consulting Group upsized its IPO at pricing on May 6, 2021: A total of 3.69 million shares, up from 3.08 million in the prospectus, were priced at $14 – the top of the $12-to-$14 range – to raise $51.89 million.)
|Industry:||Services - Engineering & Construction Consulting|
|Address||12355 Sunrise Valley Drive Suite 520 Reston, Virginia 20191|
|Phone Number||(703) 464-1000|
|View Prospectus:||Bowman Consulting Group Ltd.|
|Revenues||$122.0 mil (last 12 months)|
|Net Income||$0.99 mil (last 12 months)|
|Price range||$14.00 - $14.00|
|Est. $ Volume||$51.9 mil|
|Manager / Joint Managers||D.A. Davidson/ B. Riley Securities|
|Expected To Trade:||5/7/2021|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|