Apexon | February 17, 2022
Technosoft Corporation, doing business as Apexon (“Apexon”), and Infostretch Corporation (“Infostretch”) announced that they have signed a definitive agreement to merge the two companies. As part of the combined organization, Apexon will join a family of portfolio companies of the Goldman Sachs Asset Management Private Equity business and of Everstone Group. Closing is subject to certain conditions, including regulatory approvals.The combined organization will have the expertise and resources to serve its enterprise clients across digital product and platform engineering, data engineering and analytics, native cloud engineering, customer experience design, and artificial intelligence and machine learning. With 8,000+ employees around the globe, the company is well-positioned to help its clients formulate and execute on their digital journey efforts.
After closing, the combined company will be led by Executive Chair Sumithra Gomatam and Chief Executive Officer Sriniketh Chakravarthi. The two bring over 50 years of experience in the digital IT services industry with former leadership positions in world-class organizations such as Cognizant and Tech Mahindra.
The two co-founders of Infostretch – Chief Executive Officer Rutesh Shah and Chief Operating Officer Manish Mathuria – will join the Board of Directors as Vice Chairmen. Radhakrishnan Gurusamy, founder and current Chairman of Apexon, will also join the Board of Directors.
“The need for digital expertise continues to grow as organizations look for new ways to apply the latest technologies to drive their businesses forward, Through the merger with Apexon, we can offer new solutions and enhance the impact of our clients’ strategic digital initiatives in order to deliver on their critical business objectives. The Apexon team brings both scale and maturity and positions the company for long-term partnerships with our clients.”
-Rutesh Shah, co-founder of Infostretch.
Combining Apexon’s ability to incorporate the human element into the digital experience with Infostretch’s digital engineering depth creates a truly unique value for our client base,” said Radhakrishnan, founder of Apexon. “We are excited to be part of the Goldman Sachs Private Equity and Everstone Group portfolios. Together we can help our customers fully leverage digital capabilities to reinvent the way they engage with their customers and enable real competitive differentiation.
Apexon is a digital technology services and platform solutions company that partners with clients to improve their digital experience and insight. With more than 25 years of experience, 5,000+ digital experts in more than 10 offices worldwide are helping companies enhance their digital experience with their customers. Apexon works in the areas of digital experience, analytics, artificial intelligence, and cloud development to unlock the power of technology for our clients to empower humans with intelligent and experiential solutions. https://www.apexon.com/
Infostretch is a pure-play digital engineering services firm focused on helping companies accelerate their digital initiatives from strategy and planning through execution. Infostretch leverages deep technical expertise, Agile methodologies, and data-driven intelligence to modernize systems of engagement and simplify human-tech interaction. Infostretch delivers custom solutions that meet customers’ technology needs wherever they are in their digital lifecycle. Backed by the Private Equity business within Goldman Sachs Asset Management and Everstone Group, Infostretch works with both large enterprises and emerging innovators — putting digital to work to enable new products and business models, engage with customers in new ways, and create sustainable competitive differentiation. https://www.infostretch.com/
Hillmann | March 15, 2021
Hillmann Consulting, LLC, an all around perceived pioneer in giving Environmental Health and Safety, Due Diligence and Remediation Management, and Construction Services, as of late opened another office in Gresham, Oregon to meet the expanding need for development benefits here.
The new office extends Hillmann's cross country presence and supports the organization's essential development technique. This development is driven by a collective exertion of Western Regional Director, Kevin Smith and Western Regional Manager – Pacific Northwest, Sheri Cansler. They have collected a group of undertaking supervisors and care staff with above and beyond 80+ long stretches of consolidated insight inside the Architecture, Engineering and Construction (A/E/C) industry. The group's involvement with development the board and counseling, with explicit ability in plan/fabricate assessing and contracting, bothered task/exercises, land advancement, property condition reviews and seismic danger evaluations are centered around serving basic customer needs.
"The decision to expand our presence into the Portland and Seattle areas is an exciting development in our business growth strategy," said Chris Hillmann, President/CEO. "The area is rich with diverse talent and offers a rapidly increasing opportunity to provide unparalleled Construction Services."
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.