Bowman Consulting Acquires Dennis Corporation, A Civil Engineering, Surveying And Construction Management Firm Headquartered In Columbia, South Carolina; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Bowman Consulting has acquired Dennis Corporation, a civil engineering, surveying, and construction management firm. The acquisition was financed with a combination of cash, seller notes, and equity. The acquisition is expected to be immediately accretive and operate at an annualized net service billing run rate of approximately $4.5 million.
October 13, 2023 | 11:32 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Bowman Consulting's acquisition of Dennis Corporation is expected to be immediately accretive and contribute to an annualized net service billing run rate of approximately $4.5 million.
The acquisition of Dennis Corporation by Bowman Consulting is expected to be immediately accretive, indicating a positive impact on the company's earnings. This, along with the expected contribution to the annualized net service billing run rate, suggests a positive short-term impact on BWMN's stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100