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Bowman Expands Oil and Gas Footprint With Acquisition of UP Engineering

1. BWMN to acquire UP Engineering for enhanced civil engineering capabilities. 2. Acquisition focuses on oil, gas, and industrial sectors, expanding BWMN's service reach.

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$22.4702/18 07:06 AM EDTEvent Start
$21.9402/19 01:35 PM EDTLatest Updated
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FAQ

Why Bullish?

This acquisition strengthens BWMN's capabilities in key sectors, promoting revenue growth. Similar acquisitions generally lead to positive market responses in engineering firms.

How important is it?

Acquisitions often lead to increased market share and operational capabilities, impacting stock prices positively. The significance of BWMN's expansion into substantial markets makes this news important.

Why Long Term?

The full benefits of the acquisition will materialize over time as integration occurs. Past cases show sustained growth from strategic mergers and acquisitions is achievable over several quarters.

Related Companies

UPBWMN
RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (NASDAQ: BWMN), a national engineering services firm offering infrastructure, technology and program management solutions, today announced it has entered into a definitive purchase agreement to acquire UP Engineering, a San Antonio, Texas-based firm specializing in civil engineering and surveying services. UP serves clients throughout Texas with a focus on oil and gas, industrial, commercial and residential projects. “This acquisition e.

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