(RTTNews) - Bowman Consulting Group Ltd. (BWMN), an engineering services company, on Monday announced the acquisition of RPT Alliance, a designer of natural gas transmission facilities and power generation infrastructure.
This $59.7 million transaction was financed with cash and a seller note. Bowman projects RPT will contribute around $22 million to $24 million in annualized net service billing in 2026 and be accretive to earnings.
Gary Bowman, CEO of Bowman, said: "RPT immediately transforms the platform we've built over the past several years. Their speed-to-energization expertise contributes to our strategy of providing one-stop design and engineering solutions to data center, utility and industrial customers. In the built environment of the future, the bridging-to-permanent electrification solutions RPT designs will be gating items in the planning of high energy consumption facilities."
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
