Bowman Consulting acquires Vermont-based Trudell in accretive deal, no terms

Bowman Consulting Group announced the acquisition of Trudell Consulting Engineers and its wholly owned Vermont Underground Locators subsidiary or TCE, an engineering firm located just outside Burlington in Williston, Vermont….the firm provides civil engineering, landscape architecture, land surveying, utility locating and environmental services to clients throughout Vermont. “TCE is a dynamic engineering firm in a growing market with an extremely talented collection of professionals,” said Gary Bowman, chairman and CEO of Bowman… Financed with a combination of cash, seller notes and equity, the acquisition falls within previously discussed target multiples and operating metric ranges and is expected to be immediately accretive. The Company anticipates the acquisition will initially operate at an annualized net service billing run rate of approximately $4.5 million. More detailed information on M&A activities, pipeline and guidance updates are provided in connection with scheduled quarterly and annual communications.