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- Bowman Consulting Group Ltd (NASDAQ:BWMN) has acquired Project Design Consultants (PDC). Deal terms were not disclosed.
- San Diego, California-based PDC provides civil engineering, surveying, planning, and landscape architecture to various public and private clients throughout Southern California. PDC has 65 employees.
- Under the leadership of CEO Greg Shields, PDC provides engineering services that manage change and add value to infrastructure projects.
- BWMN expects the PDC acquisition to initially contribute ~$14 million of annualized net service billing and be immediately accretive.
- The company financed this acquisition with a combination of cash and notes.
- BWMN held cash and equivalents of $34.94 million as of March 31, 2022.
- Price Action: BWMN shares are trading higher by 1.53% at $11 on the last check Monday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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