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Bowman Consulting acquires H2H Geoscience Engineering

Dec. 05, 2022 7:10 AM ETBowman Consulting Group Ltd. (BWMN) StockBy: Meghavi Singh, SA News Editor
  • Bowman Consulting (NASDAQ:BWMN) on Monday has acquired New York-based H2H Geoscience Engineering, a professional services firm that is focused on the aggregate, cement and industrial minerals industries.
  • H2H also specializes in the collection of detailed 3D measurements and images using state-of-the-art aerial, marine-based, underground, and terrestrial survey mapping technologies.
  • The addition was financed with a combination of cash and seller notes, including a convertible note.
  • Hisert, along with other senior managers of H2H, will become part he Bowman management team.
  • The company expects the H2H acquisition to contribute ~$3.5M of annualized net service billing before revenue synergies and be immediately accretive.

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