Bowman Consulting Group Ltd. (NASDAQ: BWMN) has announced a definitive agreement to be acquired by Bernhard Capital Partners, a private equity firm focused on infrastructure and services.
The transaction is valued at approximately $1.0 billion, with Bowman shareholders receiving $43.00 per share in cash, marking a 58 percent premium.
Upon completion, Bowman will transition to a privately held company, and its common stock will be delisted from the Nasdaq Exchange.
The deal is anticipated to close in the fourth quarter of 2026 or the first quarter of 2027.
BofA Securities is acting as the exclusive financial advisor, while Latham & Watkins LLP is providing legal counsel to Bowman.
Collected Strategies is serving as the strategic communications advisor for the transaction.
“Since becoming a public company in 2021, we have significantly expanded Bowman’s capabilities and built a national platform positioned to address increasingly complex infrastructure needs,” said Gary Bowman, Founder and Chief Executive Officer of Bowman Consulting Group. “We are pleased to enter into a transaction that stands to deliver premium cash value to our shareholders, while also ensuring that Bowman will be positioned well for continued growth.”