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Bowman Consulting Acquires Element Engineering LLC, A Civil, Water And Wastewater Engineering Services Firm Based In Lakewood, Colorado; No Terms Disclosed

Benzinga ·  Jul 12 07:33

The Company anticipates the acquisition will initially contribute at an annualized net service billing run rate of approximately $4.0 million and be immediately accretive.

Financed with a combination of cash, seller notes, and equity, the acquisition falls within previously discussed target multiples and operating metric ranges.

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