Bowman Consulting acquires MEP/FP firm Moore, sees immediate accretion

Bowman Consulting Group announced the acquisition of Moore Consulting Engineers , a mechanical, electrical, plumbing, and fire protection or MEP/FP, engineering firm based in Shamong, New Jersey. “Moore Consulting Engineers adds additional depth to our growing MEP and fire protection practices,” said Gary Bowman, chairman and CEO of Bowman. “Jeff has built a great business over the past 21 years, and we are proud to be partnering with the entire Moore team as they move to the next chapter in their story. Their focus on LEED standards brings additional expertise to our portfolio of services, and I am confident they will integrate quickly and add value immediately.” Financed with a combination of cash, seller notes, and equity, the acquisition falls within previously discussed target multiples and operating metric ranges. The company anticipates the acquisition will initially operate at an annualized net service billing run rate of approximately $4.0M and be immediately accretive. More detailed information on M&A activities, pipeline, and guidance updates are provided in connection with scheduled quarterly and annual communications.