Bowman Consulting Group Ltd. announced the acquisition of Lazen Power Engineering, specializing in high-voltage transmission line design. The deal, financed with cash, seller notes, and equity, is expected to have a net service billing run rate of $2 million and be immediately accretive. This acquisition establishes the company’s presence in the HVTL segment, enhancing technical expertise and utility design credentials. CEO Gary Bowman stated the acquisition accelerates the firm’s energy strategy, strengthening capabilities in power generation and distribution. Bowman Consulting closed trading 1.99% lower at $41.89 on the Nasdaq.

Read more at Nasdaq: Bowman Consulting Acquires Lazen Power Engineering