Bowman Consulting Group Ltd. - BWMN STOCK NEWS

Bowman Consulting Group Ltd. (NASDAQ: BWMN) announced that CFO Bruce Labovitz will present at the Southwest IDEAS Investor Conference on November 16, 2022, in Dallas, Texas, at 3:45 p.m. CT. The event will be webcast live. Additionally, the company will release its financial results for Q3 2022 after market close on November 10, followed by a webcast on November 11 at 9:00 a.m. ET, hosted by CEO Gary Bowman and CFO Bruce Labovitz. For more details, visit Bowman's Investor Relations website.

Bowman Consulting Group Ltd. (NASDAQ: BWMN) has entered into a definitive agreement to acquire substantially all assets of Spatial Acuity, LLC, a 3D modeling and reality capture firm based in Austin, Texas. The acquisition is projected to contribute approximately $2.5 million in annualized net service billing and will be immediately accretive. The deal, which will be financed through cash and equity, is set to close in early November. The CEO emphasized that Spatial Acuity's expertise will enhance Bowman's digital services and create substantial cross-selling opportunities.

Bowman Consulting Group Ltd. (BWMN) announced a project for 1.71 miles of sidewalks and drainage infrastructure on the south side of West Terry Street in Bonita Springs, FL, through its McMahon subsidiary. McMahon, acquired by Bowman in May 2022, will handle the design and permitting of pedestrian facilities. This project aims to enhance safety and drainage, benefiting the residential area. With over 1,700 employees, Bowman has made multiple acquisitions since 2021, expanding its engineering services across the United States.

Bowman Consulting Group Ltd. (NASDAQ: BWMN) will release its financial results for the quarter ending September 30, 2022 on November 10, 2022, after the U.S. market close. A webcast discussing these results will occur at 9:00 a.m. ET on November 11, 2022, featuring CEO Gary Bowman and CFO Bruce Labovitz. Investors can access the live and replay webcasts on the Bowman Investor Relations website.

Bowman Consulting Group Ltd. (BWMN) has secured a new contract from the Colorado Department of Military and Veterans Affairs for a $1M upgrade of security lighting at the Joint Forces Headquarters in Centennial, CO. The project includes lighting design and engineering services to align with current Army and Department of Defense regulations. Bowman's expertise in security lighting at military sites positions them well for this project. Principal Peter D’Antonio emphasized their capability in providing advanced lighting solutions to enhance security operations.

Bowman Consulting Group Ltd. (Nasdaq: BWMN) has appointed Dan Swayze as Executive Vice President of Energy Services to spearhead the company's renewable energy expansion. With over 25 years in consulting engineering, Swayze's experience includes leading various divisions at Onyx Renewable Partners. His appointment aligns with Bowman's strategy to focus on renewable energy and efficiency, supporting clients in achieving their ESG and energy transition goals. Swayze aims to enhance Bowman's capabilities in engineering and consulting for energy solutions.

Bowman Consulting Group Ltd (NASDAQ: BWMN) is set to provide landscape architecture services for the Morris Marketplace Thinkscape, an 8,000-square-foot community park in Morris Township, New Jersey. This park will be New Jersey's first certified Playful Learning Landscape, designed in collaboration with the Museum of Makers and Innovators (MOMI). Expected to foster interactive learning through play, the park features innovative installations such as a sound garden and a story spinner. The project began in July 2022 and will be completed within six months.

Bowman Consulting Group Ltd. (NASDAQ: BWMN) has been awarded a $10 million, five-year continuing service contract by Boulder County Public Works for engineering services including electrical and mechanical engineering. This contract builds on Bowman's previous work with Boulder County and various local municipalities since 2015. The company aims to leverage its established collaboration and expertise to meet Boulder County's future needs.

Bowman Consulting Group Ltd. (NASDAQ: BWMN) has acquired Anchor Consultants LLC, enhancing its portfolio in waterfront infrastructure. Headquartered in Chadds Ford, Pennsylvania, Anchor specializes in planning, design, and construction management for ports and harbors across North America.

The transaction is expected to contribute approximately $2.5 million in annualized net service billing. This move aligns with Bowman's strategy to diversify and strengthen its infrastructure services, while also facilitating immediate cross-selling opportunities for existing clients.