Bowman Expands Survey, Geomatics, and Civil Engineering Practice Through Acquisition of Waco-Based 1519 Surveying, LLC
“With 1519, Bowman adds tremendous depth in the Texas surveying, engineering, and geomatics markets,” said Gary Bowman, CEO of Bowman. “The 1519 team is an impressive group with a solid command of their markets and an appetite for growth that aligns well with Bowman’s strategy. 1519 is a recognized leader in serving the energy transition market with broad experience in large scale wind farms and utility scale photovoltaic facilities. The firm’s experience with the Texas DOT fits well with our commitment to growing our transportation and infrastructure business. When it comes to oil and gas clients, the professionals at 1519 are highly experienced in providing services to the upstream and midstream petrochemical industry. We’re excited to begin working together and integrating the 1519 team into Bowman’s national network.”
“Bowman is a perfect fit for us,” said Aaron McMillon, President of 1519. “We have always valued growth but have been constrained in our ability to truly accelerate our business expansion. That all changes now that we are a part of Bowman. We are all-in with the Bowman story and are pleased that their leadership recognizes the potential we contribute for growth both in our existing markets and throughout Bowman. Our common commitment to the core values of innovation, safety, and customer first were a big part of our decision to join with Bowman.”
The acquisition, which Bowman expects to be immediately accretive, was financed with a combination of cash, seller financing, and stock. The company expects the 1519 acquisition to initially contribute more than $5.5 million of annualized net service billing.