Engineering Tech, Construction

Bowman Awarded New Contract from J. Ranck Electric to Provide Engineering Services on 200 MW Solar Array

Bowman Awarded New Contract from J. Ranck Electric

Bowman Consulting Group Ltd. announced that the firm has been awarded a $1.4 million engineering design services contract by J. Ranck Electric, Inc (JRE) for a new 200 MW solar array located in the Mid-Western United States. This contract builds on $2.1 million of awards that the Company received from JRE in late 2022.

Bowman will provide special use permit planning and engineering design services including civil design, electrical engineering for array design, and structural engineering for balance of systems equipment foundations. Given the flat topography of the location, Bowman’s working closely with the local drainage commission to ensure conformance with complex regulations governing grading and drainage design relating to stormwater management.

“The solar segment of the renewables market has exploded in the last year following the passing of the Inflation Reduction Act,” said Dan Swayze, EVP of Energy Services at Bowman. “Our extensive experience in utility-scale solar positions us to deliver these specialized services and keep pace with the market’s rapidly changing requirements. We are pleased to have been selected for this marquee solar project and anticipate being engaged in many more assignments like this one in the future.”

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 1,900 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.

Spotlight

Other News
Engineering Tech, Construction

Comfort Systems USA Announces Acquisition

Business Wire | February 01, 2024

Comfort Systems USA, Inc. today announced that it has closed its previously announced transaction to acquire Summit Industrial Construction, LLC (“Summit”) headquartered in Houston, Texas. As previously disclosed, Summit is a specialty industrial mechanical contractor offering engineering, design-assist and turnkey, direct hire construction services of modular systems serving the advanced technology, power, and industrial sectors. Summit’s capabilities encompass a wide range of modular and site-based construction, including process piping, equipment setting, large pipe rack trestles, and related steel erection and specialty concrete work. Summit is a trusted supplier to some of the world’s largest advanced technology, power and industrial companies and is currently deployed on several major chip fabrication projects. Initially, Summit is expected to contribute annualized revenues of approximately $375 million to $400 million, and earnings before interest, taxes, depreciation, and amortization of $35 million to $40 million. In light of the amortization expense, Summit is expected to make a neutral to slightly accretive contribution to earnings per share in 2024 and 2025. Brian Lane, Comfort Systems USA’s Chief Executive Officer, commented, “We are delighted to announce the closing of our agreement to acquire Summit, an extremely capable provider of modular and other complex mechanical services. Summit brings a stellar reputation as a modular technology leader in growing end markets, including multiple ongoing and large semiconductor projects. We are happy to welcome Summit’s wonderful leadership team and excellent production and craft workers across many states, and we are confident Summit will continue to innovate and grow as a part of our network of world-class contracting companies. We are grateful that Summit has chosen to become part of Comfort Systems USA.”

Read More

Spotlight

Resources