Fabre Engineering, Inc. ("Fabre") has been acquired by Bowman Consulting Group Ltd. (the "Company" or "Bowman"). Fabre, a civil engineering and land surveying firm based in Pensacola, Florida, was founded in 1981 and serves a wide range of public and private clients in Florida, Alabama, and Mississippi. Fabre specializes in water, stormwater, and wastewater solutions, airports, land use planning for private developers and municipal agencies, and broad-based geomatics and land surveying services under the guidance of Frank Fabre, the company's founder.
Frank and the extended Fabre team have a long history on the Gulf Coast. Our southeast region will no doubt benefit from the addition of Fabre’s skilled workforce and diverse base of clients. We are all excited to welcome Fabre’s team of experienced professionals to Bowman and look forward to the cross-selling, service line augmentation, and collaboration opportunities that will result from this acquisition.”
Gary Bowman, CEO of Bowman
“There’s a significant amount of synergy between Fabre and Bowman,” said Frank Fabre founder, and president of Fabre. “We are looking forward to joining with an organization that shares our work ethic and commitment to quality. I am confident that we have found the right fit for our people and our clients, and I believe that our team will be able to contribute meaningfully to Bowman’s growth along the Gulf Coast and throughout the greater southeast.”
The cash and seller financing were used to fund the acquisition, which the company anticipates to be immediately accretive. The Fabre acquisition is expected to generate around $1.5 million in annual net service billing at first.