Bowman Consulting Group Ltd. | December 27, 2021
Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), announced the acquisition of 1519 Surveying, LLC (“1519”). Established in 1974 and headquartered in Waco, Texas, 1519 delivers a variety of engineering and survey solutions to a diverse base of private and public clients. Services include land surveying, aerial imaging, GIS mapping, 3-D laser scanning and civil engineering. Under the continuing leadership of Aaron McMillan and David Dossey, 1519’s staff of 35+ professionals work from Waco and Fort Worth offices for clients focused on renewable energy, public works, oil and gas and land development.
"With 1519, Bowman adds tremendous depth in the Texas surveying, engineering and geomatics markets, The 1519 team is an impressive group with a solid command of their markets and an appetite for growth that aligns well with Bowman’s strategy. 1519 is a recognized leader in serving the energy transition market with broad experience in large scale wind farms and utility scale photovoltaic facilities. The firm’s experience with the Texas DOT fits well with our commitment to growing our transportation and infrastructure business. When it comes to oil and gas clients, the professionals at 1519 are highly experienced in providing services to the upstream and midstream petrochemical industry. We’re excited to begin working together and integrating the 1519 team into Bowman’s national network.”
-Gary Bowman, CEO of Bowman.
Bowman is a perfect fit for us,” said Aaron McMillon, president of 1519. “We have always valued growth but have been constrained in our ability to truly accelerate our business expansion. That all changes now that we are a part of Bowman. We are all-in with the Bowman story and are pleased that their leadership recognizes the potential we contribute for growth both in our existing markets and throughout Bowman. Our common commitment to the core values of innovation, safety and customer first were a big part of our decision to join with Bowman.
The acquisition, which the Company expects to be immediately accretive, was financed with a combination of cash, seller financing, and stock. The Company expects the 1519 acquisition to initially contribute more than $5.5 million of annualized net service billing.
This is our sixth acquisition since going public in May, our seventh for the year, said Bruce Labovitz, Bowman’s CFO. This brings our annualized acquired revenue in 2021 to over $30 million. As with prior acquisitions, the 1519 transaction is within our target multiple range and it meets all of our objectives for operating performance metrics. As is our practice, we will provide more detailed information on M&A activities and pipeline in connection with scheduled quarterly communications.
About 1519 Surveying, LLC
1519 Surveying, LLC (1519) is a professional services firm focused on providing exceptional service while meeting the highest industry safety standards. The company has been serving the renewable energy market, oil and gas clients, and municipalities and state agencies throughout Texas for more than 40 years. The company specializes in services that include land surveying, civil engineering, aerial services, geographic information systems (GIS) solutions, and 3D laser scanning. Additional information on 1519, its team, and its projects can be found at www.1519llc.com.
About Bowman Consulting Group Ltd.
Headquartered in Reston, Virginia, Bowman is an engineering services firm delivering innovative infrastructure solutions to customers who own, develop, and maintain the built environment. With 950 employees and more than 35 offices throughout the United Sates, Bowman provides a variety of planning, engineering, construction management, commissioning, environmental consulting, geomatics, survey, land procurement and other technical services to customers operating in a diverse set of regulated end markets. On May 11, 2021, Bowman completed its $51.7 million initial public offering and began trading on the Nasdaq under the symbol BWMN. For more information, visit www.bowman.com.
SimScale | November 11, 2020
SimScale GmbH, the provider of the world’s first production-ready SaaS application for engineering simulation, today announced a major platform development to enable integration and automation with their new application programming interface (API). The feature allows designers, engineers, and computational designers to link their preferred CAD tools directly to the SimScale simulation engine via the API. When designers need to use the power of computational fluid dynamics (CFD) to optimize the performance of their designs, the typical workflow is to import a CAD model into the CFD software and run the simulation. This means the simulation process goes from the designer to simulation specialist in a cumbersome process which stifles the iterative design process as well as resulting findings, especially during early design stages. SimScale’s API now allows direct integration with a CAD software stack like Rhino and Grasshopper.
ROBOTICS AND AUTOMATION
Aruba | January 12, 2022
Aruba, a Hewlett Packard Enterprise company (NYSE: HPE), announced that Brasfield & Gorrie, one of the nation’s largest privately-held construction firms based in Birmingham, Alabama, is standardizing on an end-to-end Aruba SD-Branch network. The firm is deploying Aruba to connect its 19 permanent locations and up to 200 temporary construction sites that it maintains at any given time. This provides its employees high-performance connectivity to critical applications while cutting circuit spending 50% by utilizing direct internet access (DIA) versus multiprotocol label switching (MPLS).At modern construction sites – where data, streaming, IoT, and mobility play vital roles –Brasfield & Gorrie is delivering next-generation services that improve building integrity, increase efficiency and improve worker safety, while reducing costs, by deploying Aruba’s wired, wireless, SD-WAN and AI-powered management solutions.
“Aruba enables us to continue providing our customers with the latest in construction innovation,Whether it’s virtual reality (VR) for an immersive project experience, drones for automating inspections or layout robots for precisely marking the placement of walls and mechanical systems, our network supplies high-performance connectivity to every site.”
-Brad Hamilton, director of IT operations and infrastructure for Brasfield & Gorrie.
Our new SD-Branch infrastructure supplies us with reliable, flexible and scalable connectivity at our branch offices and job sites, whether in a rural area, with little communications backbone, or a highly developed urban area with ample circuits, he added.
After decades using Cisco routing, wired and wireless infrastructure, Brasfield & Gorrie sought to simplify and streamline its networks to save on costs and reduce the complexity that causes burdensome IT overhead. After piloting Aruba at one of its permanent branch offices, Brasfield & Gorrie decided to conduct a complete network refresh.
For its SD-Branch solution, Brasfield & Gorrie has deployed wireless solutions including Aruba’s Wi-Fi 6 access points (APs) and high-performance branch gateways. On the wired side, the firm has implemented Aruba’s CX Series switches for the data center core along with access and aggregation switches.
For management, Brasfield & Gorrie is leveraging Aruba Central for unified and proactive cloud-based AIOps, managements of APs, gateways and switches as well as User Experience Insight (UXI) for hard-wired or Wi-Fi incident detection using AIOps to pinpoint issues that require immediate attention.
Aruba’s solution is more advanced in terms of improved throughputs and policy-based management innovations, which reduces costs for hardware and IT resources, Hamilton said. “Licensing is also significantly streamlined, adding considerable savings.
Beyond deployment and licensing, Brasfield & Gorrie’s network has also proven more efficient to manage. “With Central and AIOps, we’re able to troubleshoot faster,” said Alex Gonzalez, network engineer. “In most instances we’ve saved 75% on troubleshooting time.
Moving ahead, Brasfield & Gorrie looks forward to applying ongoing networking innovations that will help make construction processes more automated and intelligent. This includes considering Aruba’s NetEdit for streamlining switch management and Location Services for providing real-time analytics that enable data-driven initiatives.
We’re excited about our Aruba partnership and the possibilities for the future,” Hamilton said. “From product innovation to technical support, Aruba solutions are just plain better all around.
About Aruba, a Hewlett Packard Enterprise company
Aruba, a Hewlett Packard Enterprise company, is the global leader in secure, intelligent edge-to-cloud networking solutions that use AI to automate the network, while harnessing data to drive powerful business outcomes. With Aruba ESP (Edge Services Platform) and as-a-service options, Aruba takes a cloud-native approach to helping customers meet their connectivity, security, and financial requirements across campus, branch, data center, and remote worker environments, covering all aspects of wired, wireless LAN, and wide area networking (WAN).To learn more, visit Aruba at www.arubanetworks.com. For real-time news updates, follow Aruba on Twitter and Facebook, and for the latest technical discussions on mobility and Aruba products, visit the Airheads Community at community.arubanetworks.com.