Bowman Consulting Group, which provides engineering-focused professional services, filed on Tuesday with the SEC to raise up to $46 million in an initial public offering.
Bowman provides planning, engineering, construction management, commissioning, environmental consulting, geomatics, survey, land procurement, and other technical services to over 2,200 customers. The company operates as both a prime and sub-consultant for a broad base of public (e.g. utilities, government agencies, military branches) and private (e.g. data centers, renewable energy, mining) sector customers.
The Reston, VA-based company was founded in 1995 and booked $122 million in revenue for the 12 months ended December 31, 2020. It plans to list on the Nasdaq under the symbol BWMN. Bowman Consulting Group filed confidentially on February 25, 2021. D.A. Davidson and B. Riley FBR are the joint bookrunners on the deal. No pricing terms were disclosed.
