Bowman Acquires Dennis Corp For Undisclosed Sum
(RTTNews) - Bowman Consulting Group Ltd. (BWMN), an engineering and construction company, announced on Friday that it has acquired Dennis Corp a civil engineering firm based in South Carolina.
The financial details of the transaction are not known but it will be funded with a combination of cash, seller notes and equity.
Bowman expects the acquisition to operate at an annualized net service billing run rate of around $4.5 million.
On Thursday, Bowman shares closed at $27.12, down 3% on Nasdaq.
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