Bowman Consulting Group Ltd. to acquire St. Louis-based Surdex Corporation, expanding geospatial service offerings

Apr 03, 2024•over 1 year ago

Acquiring Company

Bowman Consulting Group Ltd

Acquired Company

Surdex Corporation

Reston

MissouriCivil EngineeringConsultingInformation TechnologyMapping ServicesGeospatialSoftware

Description

Bowman Consulting Group Ltd. has entered into a definitive agreement to acquire Surdex Corporation, a geospatial and engineering services firm specializing in digital orthoimagery, LiDAR, and digital mapping. This strategic acquisition aligns with Bowman’s objectives of expanding geospatial service offerings and growing its market presence, creating a compelling suite of full-service geospatial solutions.

Company Information

Company

Bowman Consulting Group Ltd

Location

Reston, Virginia, United States

About

Bowman Consulting Group Ltd. is a national engineering services firm delivering infrastructure solutions to customers who own, develop, and maintain the built environment. The company is listed on NASDAQ under the ticker symbol BWMN and focuses on providing comprehensive geospatial and engineering services.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

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Bowman Consulting Group Ltd. to acquire St. Louis-based Surdex Corporation, expanding geospatial service offerings

Description

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Company Information