M&A Deal Summary

Bowman Consulting Group Acquires Richter & Associates

On April 4, 2023, Bowman Consulting Group acquired business services company Richter & Associates

Acquisition Highlights
  • This is Bowman Consulting Group’s 6th transaction in the Business Services sector.
  • This is Bowman Consulting Group’s 16th transaction in the United States.
  • This is Bowman Consulting Group’s 2nd transaction in Maryland.

M&A Deal Summary
Date 2023-04-04
Target Richter & Associates
Sector Business Services
Buyer(s) Bowman Consulting Group
Deal Type Add-on Acquisition

Target

Richter & Associates

Rockville, Maryland, United States
Richter & Associates is a professional services firm focused on dry utility infrastructure engineering. Richter & Associates was founded in 1989 and is based in Rockville, Maryland.

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Buyer(S) 1

Buyer

Bowman Consulting Group

Reston, Virginia, United States
Category Company
Founded 1995
Sector Business Services
Employees2,200
Revenue 346M USD (2023)
DESCRIPTION

Bowman Consulting Group 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. Bowman Consulting Group was founded in 1995 and is based in Reston, Virginia.

DEAL STATS #
Overall 16 of 30
Sector (Business Services) 6 of 7
Type (Add-on Acquisition) 16 of 30
State (Maryland) 2 of 2
Country (United States) 16 of 30
Year (2023) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Spatial Acuity

Austin, Texas, United States

Spatial Acuity provides high-definition scanning, 3D modeling, and reality capture services for owners, developers, and operators of private and public infrastructure. Utilizing advanced geomatics equipment, Spatial Acuity delivers interactive, three-dimensional digital models, thrusting their clients to the forefront of the digital twin revolution. Spatial Acuity was formed in 2015 and is based in Austin, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-15 Fisher Engineering

Johns Creek, Georgia, United States

Fisher is a professional services firm specializing in customized fire protection and life safety engineering for public and private customers. The firm serves customers across the United States and internationally from offices in Atlanta, Baltimore, Charlotte, Detroit, Portland (ME), Phoenix, and Virginia Beach. Fisher provides extensive technical services involving code consulting, commissioning, life safety survey and analysis, systems design, fire, smoke, and egress modeling, performance-based design, litigation, forensic engineering, and third-party reviews. It works with clients in a broad range of sectors including aviation, data centers, education, fueling, government, healthcare, hospitality, commercial and industrial real estate, oil and gas, student housing, and technology hubs. Fisher was formed in 2007 and is based in Johns Creek, Georgia.

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