Bernhard Capital has agreed to acquire Bowman Consulting Group in a deal valued at approximately $1 billion. The transaction will take Bowman Consulting private, marking a significant move for the engineering and consulting firm. The announcement was made this week, signaling Bernhard Capital's continued investment in the business services sector, according to pehub.com.
The acquisition process involves Bernhard Capital purchasing all outstanding shares of Bowman Consulting Group, which specializes in engineering and environmental consulting services. The deal is expected to close later this year, subject to customary closing conditions. Bernhard Capital aims to leverage Bowman’s established market presence and operational capabilities to enhance growth opportunities, pehub.com reported.
This deal adds to a series of private equity transactions in the consulting and engineering space, reflecting sustained investor interest in infrastructure and environmental services. Bowman Consulting’s $1 billion valuation places it among notable mid-market take-private deals, comparable to recent transactions in the business services sector. Bernhard Capital’s acquisition underscores the strategic value seen in firms with diversified consulting portfolios, according to pehub.com.
The transaction is anticipated to close in the fourth quarter of this year, following regulatory approvals and customary closing conditions. Bernhard Capital’s move to take Bowman Consulting private is expected to support the company’s long-term strategic initiatives and operational expansion, pehub.com confirmed.