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Bowman Acquires Sierra Overhead Analytics, Expands Technology-enabled Engineering Services
Globenewswireยท 2025-10-06 11:30
Core Insights - Bowman Consulting Group Ltd. has acquired the assets of Sierra Overhead Analytics (SOA) and its technology affiliate ORCaS, Inc., enhancing its energy practice and digital services portfolio [1][2][3] Group 1: Acquisition Details - The acquisition strengthens Bowman's capabilities in high-growth markets such as data center development, climate resiliency, utilities, power, and alternative energy [2][3] - The deal was financed through a combination of cash, seller notes, and a convertible note, with an expected initial net service billing run rate of approximately $2.2 million [4] Group 2: Strategic Implications - The acquisition aligns with Bowman's commitment to technology-enabled growth and lifecycle engineering, enhancing its value proposition and positioning for accelerated organic growth [3] - The integration of ORCaS technologies will be overseen by Bowman's newly launched Office of Innovation, which aims to expand digital and technology offerings [3] Group 3: Company Background - Bowman Consulting Group is a national engineering services firm with 2,500 employees across 100 locations in the U.S., providing a variety of planning, engineering, and technical services [8]