Businesswire | May 23, 2023
Bowman Consulting Group Ltd., today announced the purchase of Hole Montes, Inc., an engineering services firm offering an extensive portfolio of infrastructure planning services from offices in Naples, FL and Fort Myers, FL. Founded in 1966, the firm has a storied history as one of the most trusted, reliable, and entrenched full-service engineering firms in Southwest Florida. Today, Hole Montes provides comprehensive design, survey, GIS, and construction management expertise to customers focused on environmental engineering, transportation infrastructure, airport facilities, storm water and wastewater systems, land planning, landscape architecture, and more. Hole Montes has a workforce of 65 professionals, all of whom will join Bowman in connection with the acquisition.
“Hole Montes is a well-respected firm with a long-established presence in Southwest Florida,” said Gary Bowman, CEO of Bowman. “They possess expertise and client relationships that complement ours and will benefit from our national platform. Most importantly, their culture aligns seamlessly with ours which will enable immediate work-sharing and collaboration. We expect to recognize meaningful revenue synergies over time from this combination while also optimizing our collective utilization based on similar customer engagements and core capabilities.”
“Working with Bowman during the diligence and pre-integration period has given us tremendous comfort that this is the right next step for our leadership, our employees and our customers,” said Bob Mulhere, CEO of Hole Montes. ”Bowman’s professional development programs and national platform provide growth and expansion opportunities for our people which makes this a very attractive opportunity for all of us at Hole Montes. We’re excited to accelerate our growth and to contribute our expertise to Bowman’s portfolio of services.”
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 contribute approximately $7 million of annualized net service billing. 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 an engineering services firm delivering infrastructure solutions to customers who own, develop, and maintain the built environment. With over 1,700 employees and more than 75 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 Hole Montes Inc.
Since 1966, Hole Montes, Inc. has held fast to the business philosophy of being one of the most trusted and reliable full-service engineering firms in Southwest Florida. With full-service civil engineering offices in Naples and Fort Myers, Hole Montes is strategically positioned to provide the design and management expertise necessary to achieve success for any project. From environmental engineering, land planning, permitting, zoning, storm water management design, airport design, transportation design to surveying and mapping, Hole Montes project managers are experienced professionals who have the expertise, training, and availability to assist in achieving a successful conclusion to any project. For more information on Hole Montes Inc., their projects, and services, visit http://www.holemontes.com.
DESIGN, ENGINEERING TECH
Businesswire | April 26, 2023
Bowman Consulting Group Ltd. (the “Company” or “Bowman”) announced the firm was selected for a multi-year assignment to provide design engineering services for the Peoples Gas, Light and Coke Company (PGL) Safety Modernization Program (SMP) in Chicago. Bowman will provide a variety of engineering services for gas main design and installation, 3rd party utility plotting, field verification, line of lay walks, structural analysis, bridge support, survey, permitting and construction. The three neighborhood projects awarded to Bowman under the SMP include more than 100 miles of new mainline installation and nearly 70 miles of existing pipeline retirement. Prior to this award, Bowman has worked with PGL on more than 100 miles of new gas line installations.
“Bowman is well-established in the public utilities sector, and we are committed to increasing the contribution of this market to our overall revenue,” said Gary Bowman, Chairman and CEO of Bowman. “During the course of our long-standing relationship with Peoples Gas we have consistently delivered high-quality, cost-effective, and on-time solutions which is a primary reason they continue to engage us as new challenges emerge. This new multi-year, multi-million-dollar assignment evidences their trust in our ability to help them deliver on their commitment to provide safe, reliable, and environmentally sustainable access to natural gas in more communities across Chicago. We appreciate our relationship with Peoples Gas and look forward to it continuing well into the future.”
About Bowman Consulting Group Ltd. (Bowman)
Bowman Consulting Group Ltd. (Bowman), Headquartered in Reston, Virginia, Bowman is an engineering services firm delivering infrastructure solutions to customers who own, develop, and maintain the built environment. With 1,650 employees and 70 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. For more information, visit bowman.com
ENGINEERING TECH, CONSTRUCTION
Globenewswire | May 19, 2023
RIB Software launches free-to-use RIB Carbon Quantifier for optimized carbon quantification in construction.
RIB Software, a leading multinational provider of innovative technology solutions to the architecture, engineering, and construction (AEC) industries, has partnered with non-profit organization, Building Transparency, to develop the RIB Carbon Quantifier.
Through a direct link with Building Transparency’s Embodied Carbon in Construction Calculator (EC3), the application allows users to quickly, easily and consistently allocate carbon environmental product declaration (EPD) values against their imported estimate data, including resource quantities.
This comes as studies highlight the industry’s impact on the environment, with construction constituting a staggering 39% of global greenhouse gas emissions and accounting for 36% of global energy demands.
René Wolf, Chief Executive Officer at RIB Software, says there is a growing need to reduce carbon emissions within the engineering and construction sector to combat the damaging effects of climate change.
“Until recently, the construction industry’s response to reducing building-related emissions has focused on energy efficiency by reducing operational emissions - the energy used to heat, cool and light buildings.
“While previously effective, this approach overlooks embodied carbon emissions associated with material and construction processes across a building’s lifecycle, which represents a quarter of the carbon emitted during the life of a building and 11% of all global carbon emissions.
“It is therefore critical to increase efforts to quantify, monitor, evaluate and ultimately reduce the embodied carbon emitted throughout the lifecycle of a construction project - and the driving factor for why RIB Software developed the Carbon Quantifier application,” explains Wolf.
Through a seamless integration with Building Transparency’s premier, free-to-use EC3 tool, the RIB Carbon Quantifier application is set to be the first of its kind in the industry to assist the built environment in extracting and quantifying embodied carbon data more quickly and efficiently, optimizing carbon quantification and reducing estimate delivery times.
Through this powerful partnership of technology, industry professionals will now have access to an additional toolset to optimize the efficiency in the quantification and measurement of carbon, thus better facilitating design and procurement decisions, helping the global AEC industry in achieving a lower embodied carbon footprint.
Stacy Smedley, Executive Director of Building Transparency, says reducing embodied carbon emissions is one of the biggest opportunities in the fight against global warming. “Partnerships, like ours with RIB Software, are critical to driving action in the building sector and identifying new solutions that make it easier to prioritize low-carbon decision-making on projects. It’s exciting to have our EC3 data and its large carbon impact database be utilized and leveraged for tools like the RIB Carbon Quantifier.”
The primary features of the RIB Carbon Quantifier include the easy extraction of embodied carbon data from Building Transparency’s EC3 database against estimates; keeping a repository of each estimate’s embodied carbon data for cross-referencing and facilitating easier allocation of carbon values for future projects; the ability to easily export aligned quantified data back to EC3 for analytics, reporting and dashboarding; and providing users with a direct integration with other estimating products within the RIB portfolio of products.
Wolf says the need to accelerate decarbonization practices in the AEC industry is critical, and using an application like the RIB Carbon Quantifier will not only allow users to optimize carbon quantification, but will ensure they avoid unnecessary energy spent and emissions generated from associated projects and processes.
“At RIB, we are driven by transformative digital technologies, industry best-practice and trends that help propel the industry forward and make engineering and construction more efficient and sustainable,” he concludes.
About RIB Software
Driven by disruptive digital technologies and trends, here at RIB we’ve made it our primary purpose to propel the industry forward and make engineering and construction more efficient and sustainable.