Bowman(US:BWMN) Globenewswire·2025-12-08 07:00Core Viewpoint - Bowman Consulting Group Ltd. has acquired RPT Alliance to enhance its capabilities in natural gas transmission and power generation engineering, positioning the company to capture a larger share of the evolving energy market as electrification demands increase [1][3]. Company Overview - Bowman Consulting Group Ltd. is a national engineering services firm based in Reston, Virginia, with 2,500 employees and 100 locations across the United States, providing a wide range of infrastructure and project management solutions [7]. - RPT Alliance, founded in 2019 in Houston, Texas, specializes in engineering and project execution for energy, infrastructure, and renewables markets, focusing on natural gas transmission systems and power generation infrastructure [5][6]. Acquisition Details - The acquisition of RPT Alliance was valued at $59.7 million, financed through cash and a seller note [3][4]. - RPT is expected to contribute approximately $22–24 million in annualized net service billing in 2026 and will be accretive to earnings [3]. Strategic Importance - The acquisition is seen as a significant step in expanding Bowman's power and utilities practice, allowing for scalable, high-value services that meet the growing demands of data centers and industrial power consumers [1][2]. - RPT's expertise in rapid deployment of energy solutions is aligned with Bowman's strategy to provide comprehensive design and engineering solutions for high energy consumption facilities [3][4]. Market Positioning - The combined expertise of Bowman and RPT is expected to enhance the company's ability to capture market share in the national power and energy solutions market, particularly in the context of increasing industrial electrification [3][4]. - The transaction is anticipated to improve Bowman's price-to-earnings growth profile and contribute to margin expansion and value creation initiatives [4].