secwatch.observer — SEC 8-K summary
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Issuer:     Bowman Consulting Group Ltd. (BWMN)
CIK:        0001847590
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001193125-22-146465
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bowman Consulting acquires McMahon Associates for ~$18.3M; adds ~$28M annual transportation revenue
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- Aggregate consideration $18.3M: $7.5M cash, $3.4M seller notes, 476,796 restricted shares at $15.73 per share.
- McMahon has 200+ professionals, 15 offices in New England, Mid-Atlantic, Florida; provides transportation planning and engineering.
- Expected to contribute ~$28M annualized transportation revenue and be immediately accretive.
- Bowman's second acquisition of 2022; part of $75M annualized net revenue acquisition goal for the year.
- Structured as stock purchase with 338(h)(10) election; final cost subject to post-closing price adjustment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847590/000119312522146465/0001193125-22-146465-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847590/000119312522146465/d359590d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-146465

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