Bowman Consulting enters agreement to acquire Surdex Corporation

Bowman Consulting Group announced it has entered into a definitive agreement to acquire St. Louis-based Surdex Corporation, a geospatial and engineering services firm providing low-, medium- and high-altitude digital orthoimagery, advanced high-resolution LiDAR, intelligent digital mapping, 3D hydrography, and disaster mapping. The acquisition is subject to usual and customary closing conditions and is expected to formally close by April 10, 2024. “The acquisition of Surdex will align well with our strategic objectives of expanding our geospatial service offerings, growing our public sector market presence, and increasing the average size of our acquisitions,” said Gary Bowman, chairman and CEO of Bowman. “Surdex’s portfolio of high-resolution image capture, orthoimage processing, and digital mapping services provides tremendous revenue synergy opportunities with our customers. Adding state-of-the-art, high-altitude services to Bowman’s extensive array of terrestrial and low-altitude capabilities will create a compelling suite of full-service geospatial solutions. From the outset, the Surdex operation will realize savings by utilizing Bowman’s current survey resources and Bowman will experience cost savings by accessing Surdex’s high-volume image processing resources. We believe this acquisition will be transformational for our geospatial business and look forward to quickly integrating our teams and capabilities.”