Engineering Tech
Business Wire | October 17, 2023
Bowman Consulting Group Ltd., a national engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment, today announced the acquisition of Dennis Corporation (“Dennis”), a civil engineering, surveying and construction management firm headquartered in Columbia, SC.
Supporting public and private sector clients, Dennis specializes in delivering general civil infrastructure planning and design; program and construction management and oversight; environmental and geotechnical services for traffic and transportation; intelligent transportation systems (ITS), aviation, water resources and public sector facilities.
With a rich history of client-focused services, sustainable engineering practices and forward-thinking solutions, the firm has a proven reputation of success. Established in 2005 by current CEO Dan Dennis, the firm has grown to become one the largest locally owned engineering, surveying and construction management firms in South Carolina. All 40 technical and administrative professionals will become Bowman employees in connection with the acquisition.
“Dennis Corporation embodies a culture of commitment to unparalleled client service, which aligns perfectly with our cultural values, making them a great fit for Bowman,” said Gary Bowman, chairman and CEO of Bowman. “Their focus on transportation, construction management and surveying complement recent acquisitions we’ve made, and their geographic footprint introduces us to an attractive growth market in a familiar region. We’re looking forward to getting Dan and his team onboard and integrated into our platform so we can start sharing work and growing our collective base of business through revenue synergies.”
“Becoming a Bowman company begins an exciting new chapter in our proud story,” said Dan Dennis, CEO of Dennis Corporation. “Our employees are looking forward to the suite of professional development platforms available at Bowman. We’re anxious to contribute to Bowman’s work-sharing mindset and we’re excited about the opportunities we will have to expand our service offerings and increase our exposure to clients and markets.”
Financed with a combination of cash, seller notes and equity, the acquisition falls within previously discussed target multiple and operating metric ranges and is expected to be immediately accretive. The Company anticipates the acquisition will initially operate at an annualized net service billing run rate of approximately $4.5 million. More detailed information on M&A activities, pipeline and guidance updates are provided in connection with scheduled quarterly and annual communications.
About Bowman Consulting Group Ltd.
Headquartered in Reston, Virginia, Bowman is a national engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment. With over 2,000 employees and more than 80 offices throughout the United States, Bowman provides a variety of planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the Nasdaq under the symbol BWMN.
About Dennis Corporation
Since 2005, Dennis Corporation has operated as an engineering, survey and construction management firm committed to innovative designs, sustainable solutions and high-quality services for clients in South Carolina. The firm employs highly trained and experienced personnel who utilize the latest equipment and software for design and construction management. The construction services division has all the necessary DOT, environmental, OSF and OSE certifications and equipment required to perform field inspections and testing. Managing projects throughout the state of South Carolina, the Dennis team understands the importance of completing projects within budget and ahead of schedule. For more information on Dennis Corporation, their projects and their services, visit www.denniscorporation.com.
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Markets
PR Newswire | October 03, 2023
Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it has acquired Hubbard Paving & Grading, Inc., headquartered in Walhalla, South Carolina. The acquisition adds one hot-mix asphalt plant and related construction operations to CPI's South Carolina platform company, King Asphalt, Inc., and will expand its service market in the Upstate region.
Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "The Upstate area of South Carolina continues to be one of the most dynamic and fastest-growing areas in the United States. We welcome the skilled team of professionals from Hubbard and look forward to serving the infrastructure needs of the greater Greenville metro area as a combined organization."
About Construction Partners, Inc.
Construction Partners, Inc. is a vertically integrated civil infrastructure company operating across six southeastern states. Supported by its hot-mix asphalt plants, aggregate facilities and liquid asphalt terminal, the company focuses on the construction, repair and maintenance of surface infrastructure. Publicly funded projects make up the majority of its business and include local and state roadways, interstate highways, airport runways and bridges. The company also performs private sector projects that include paving and sitework for office and industrial parks, shopping centers, local businesses and residential developments.
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Construction
PR Newswire | October 05, 2023
HED, a leading national architecture and engineering firm, is proud to announce a new strategic partnership with Denver-based Larson Incitti Architects. This formal partnership combines Larson Incitti Architects' staff with HED's national, award-winning integrated architecture and engineering team, significantly expanding Larson Incitti Architects' capabilities in education, religious and community design. Together, the firms will leverage community relationships to create new opportunities across multiple market sectors.
Marking its 25-year anniversary of experience in the greater Denver area, the Larson Incitti Architects team has established trust among clients in the community and Pre-K-12 education sectors by consistently delivering excellence through collaborative design innovation and dedication to client service. HED is well positioned to build upon that tradition of excellence with expanded market sector expertise in housing, science, mission critical, workplace, healthcare, higher education, manufacturing and product development. HED offers the support of a national team of architects, planners, MEP and structural engineers, and design specialists in laboratory planning, experiential graphic design, and landscape architecture.
"Our strategic partnership with Larson Incitti Architects is a great fit because of our shared commitment to create a positive impact for clients and the greater community," said Enrique Suarez, AIA, LEED AP BD+C, CO-CEO of HED. "We are pleased to formally announce our partnership and look forward to using our combined strength to explore new opportunities in the Denver area and deliver long-term success for our clients."
HED is known for its aspirational company culture and innovative professional services, and collaborative approach to project teaming. As an inclusive and integrated practice, HED values diversity in perspectives, experiences, abilities, and expertise, and this reputation and culture fits neatly with Larson Incitti Architects values. An award-winning integrated firm of architects and engineers, HED has recently been honored with national recognition for its collaborative, innovative solutions and project leadership by the Design-Build Institute of America (DBIA) and the American Council of Engineering Companies (ACEC).
"Larson Incitti Architects has always been dedicated to client service and committed to the Denver community, and since our founding, we've emphasized learning and collaboration in our company culture — values we share with HED," said Bruce Larson, AIA, Principal of Larson Incitti Architects. "Those shared values and commitments are strengthened by joining forces with a national team, and we look forward to working with HED to continue creating positive impact for our clients in Denver and the surrounding area."
About HED
At HED, great design is about thinking creatively to overcome challenges and improve real world outcomes. Our firm has a long history and reputation for excellence because we believe that all the facets of our design, from architecture, engineering, consulting, and planning, must create a positive impact for our clients, the community, and the world through responsive, innovative, and sustainable design solutions.
This belief has allowed our firm to become one of the 200 largest design firms in the US, serving clients nationally in a broad range of market sectors including Healthcare, Higher Education, Mission Critical, Housing and Mixed-Use, Pre-K 12, Science, Manufacturing and New Product Development, Workplace, Community and Government
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