Bowman Acquires FCS Group, Terms Not Disclosed; Co. Anticipates Deal Will Initially Contribute Annualized Net Service Billing Run Rate Of ~$7M And Be Immediately Accretive
Portfolio Pulse from Benzinga Newsdesk
Bowman Consulting Group Ltd. (BWMN) has acquired FCS Group. The terms of the deal were not disclosed, but Bowman anticipates that the acquisition will initially contribute an annualized net service billing run rate of approximately $7 million and be immediately accretive.
July 18, 2024 | 11:33 am
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Bowman Consulting Group Ltd. (BWMN) has acquired FCS Group. The acquisition is expected to contribute an annualized net service billing run rate of approximately $7 million and be immediately accretive.
The acquisition of FCS Group by Bowman Consulting Group Ltd. is expected to be immediately accretive and contribute significantly to the company's revenue. This positive financial impact is likely to boost investor confidence and drive the stock price up in the short term.
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IMPORTANCE 80
RELEVANCE 100