Bowman Consulting Group acquires Denver engineering firm
The Reston-based firm acquired PCD Engineering Inc.
Reston-based civil engineering company Bowman Consulting Group Ltd. has acquired Denver-based building services engineering firm PCD Engineering Inc., it announced Monday.
Financial terms of the transaction were not disclosed, but the acquisition was financed with a combination of cash, seller financing and stock. Bowman expects the company to initially contribute about $2.5 million of annual net service billing.
“PCD is an innovative and growing firm with an impressive team of professionals,” Bowman CEO Gary Bowman said in a statement. “Everything about this acquisition aligns with our initiatives for growth and expansion, especially with respect to opportunities for immediate revenue synergies.”
Peter D’Antonio established PCD in 2000. PCD provides mechanical, electrical and plumbing engineering, sustainable design, energy audits and other building services.
“Joining the Bowman family is the right opportunity at the right time,” D’Antonio said in a statement. “Given our common cultures and commitment to growth, I am confident that our team will be a successful addition to Bowman. The firm’s commitment to emerging energy technologies and sustainability was extremely appealing to us as we considered the best fit for PCD.”
Bowman is an engineering services firm with 850 employees in more than 30 offices across the country. The company provides planning, engineering, construction management, environmental consulting and other services. In January, Bowman closed its acquisition of Herndon-based engineering firm KTA Group Inc., which it announced in December. On May 11, Bowman completed its $51.7 million initial public offering and began trading on the Nasdaq under the symbol BWMN.