Bowman Consulting Acquires Reno-Based Engineering Firm CFA, Inc; Acquisition Will Initially Operate At An Annualized Net Service Billing Run Rate Of Approximately $5M
Portfolio Pulse from Benzinga Newsdesk
Bowman Consulting has acquired Reno-based engineering firm CFA, Inc. The acquisition is expected to operate at an annualized net service billing run rate of approximately $5M.
November 10, 2023 | 12:34 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Bowman Consulting's acquisition of CFA, Inc. is expected to generate an annual net service billing run rate of approximately $5M.
The acquisition of CFA, Inc. by Bowman Consulting is a significant move that is expected to generate an annual net service billing run rate of approximately $5M. This could potentially increase the company's revenue and profitability, which may positively impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100