Bowman Consulting Group acquires High Mesa in ‘immediately accretive’ deal

Bowman Consulting Group announced the acquisition of High Mesa Consulting Group or High Mesa, a multi-disciplinary consulting firm headquartered in Albuquerque, New Mexico. Founded in 1977, High Mesa provides land and UAV or drone based surveying, mapping, and geospatial services; sub-surface utility infrastructure engineering, inspection, and mapping; civil engineering; and planning services throughout New Mexico, Eastern Arizona, and Southwestern Colorado. High Mesa is Bowman’s tenth acquisition in 2023. “High Mesa is a great addition to Bowman and immediately expands our reach into growing markets we do not currently serve,” 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 multiple 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 $4M. More detailed information on M&A activities, pipeline and guidance updates are provided in connection with scheduled quarterly and annual communications.