logo
logo

Bowman Acquires Mtx Surveying; Expands Energy-Oriented Geospatial, Survey And Project Management Services

Jun 06, 2023about 2 years ago

Acquiring Company

Bowman Consulting Group Ltd

Acquired Company

MTX Surveying

RestonCivil EngineeringConsultingInformation TechnologyGeospatialOil And GasEnergy

Description

Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), today announced the acquisition of MTX Surveying, Inc. (“MTX”), a geospatial, land survey and project management company based in Marshall, Texas. Founded by Shane Nafe and Austin Holland in 2016, the firm has grown rapidly to a workforce of over 60 accredited professionals, technicians, and support staff serving clients in Texas, Louisiana, and New Mexico. Today, MTX provides full-service consulting, project management, surveying, mapping, and permitting services for clients working in oil and gas, energy and renewables, utility services, and land development. The MTX staff will all become Bowman employees in connection with the acquisition.

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

Related People

Andy hidden

hidden

Vijay hidden

hidden

Dan hidden