Reston civil engineering firm to buy Herndon company
Bowman Consulting Group Ltd. to acquire KTA Group Inc.
Reston-based civil engineering company Bowman Consulting Group Ltd. announced Friday it will acquire Herndon-based engineering firm KTA Group Inc.
Financial terms of the acquisition were not disclosed.
Founded in 1989, KTA provides engineering, mechanical, electrical and plumbing services, which will broaden Bowman’s civil engineering offerings, according to a company statement.
“The addition of the talented KTA professionals to our team positions Bowman as a comprehensive service provider to the renewable energy market, which is a major focus of our growth and diversification strategy,” Bowman Chairman and CEO Gary Bowman said in a statement. “Leveraging KTA’s experience and expertise with building systems will enhance the value that we add to our customers’ projects and result in considerable revenue synergies.”
Bowman employs approximately 750 people and has annual revenues of $120 million, while KTA has 40 employees and $8 million in annual revenues.
“We are pleased to become part of Bowman, a growing company with a nationwide presence,” KTA founding partner and CEO Mark Koblos said in a statement. “The firm’s cultural values of growth and entrepreneurial spirit provide the match that we have been looking for to provide professional growth and advancement opportunities for our people.”
KTA President Randolph Thompson will continue to lead KTA’s engineering team out of its Herndon office. Koblos will join Bowman as executive vice president and will oversee business development and national expansion strategy.
“This business combination will greatly enhance the breadth of service we provide to our clients,” Thompson said in a statement.
The transaction is scheduled to close in early January 2021.