Bernhard Capital to take-private Bowman Consulting Group for $1bn
- The take-private deal allows the seller a 35-day go-shop period to entertain rival bids for the company, expiring on September 13, 2026;
- Bowman Consulting provides real estate, energy, infrastructure, and environmental management consulting services to public and private clients.
Bernhard Capital Partners reached an agreement to acquire Bowman Consulting Group, a listed engineering services and program management firm, in an all-cash take-private transaction valued at $43 per share, or an enterprise value of $1.0 billion.
Under the terms of the agreement, Bowman will be permitted to actively solicit, consider and negotiate alternative acquisition proposals from third parties during a 35-day “go-shop” period, concluding at 5:00 p.m. Eastern Time on September 13, 2026.
The transaction was unanimously approved by Bowman’s board and is expected to close in Q4 2026 or Q1 2027, subject to approval by shareholders, receipt of required regulatory approvals and the satisfaction or waiver of other customary closing conditions.
“Bowman’s services and end markets are well aligned with Bernhard’s areas of expertise and decades-long track record of building and growing businesses serving the nation’s critical infrastructure,” Mark Spender, partner and chief investment ifficer at Bernhard said in a statement.
BofA Securities is serving as financial adviser to Bowman, with legal adviser Latham & Watkins.
Formed in 1995, Bowman Consulting provides real estate, energy, infrastructure, and environmental management consulting services to public and private clients. The company went public in 2021 on the Nasdaq exchange.
