Bowman Completes the Acquisition of MEP Firm, KTA Group, Inc.
Bowman Consulting Group, Ltd. ("Bowman") announces the completion of the previously announced acquisition of KTA Group, Inc. The move supports Bowman's continued growth and substantially broadens its scope of service offerings.
RESTON, Va., Jan. 7, 2021 /PRNewswire-PRWeb/ -- Bowman Consulting Group, Ltd. ("Bowman"), a provider of professional services to customers who own, develop, and maintain the built environment, announced today the completion of the previously announced acquisition of KTA Group, Inc. Founded in 1989, KTA is a forty person engineering firm with core expertise in mechanical, electrical and plumbing engineering, commissioning, third party plan review, and lighting design. The move supports Bowman's continued growth and substantially broadens its scope of service offerings.
"The completion of this acquisition signifies the launch of our initiative to accelerate growth by selective and intentional M&A," said Gary Bowman, Chairman and CEO of Bowman. "I want to thank both teams for working tirelessly and collaboratively towards a smooth closing. Adding KTA's comprehensive skillsets and experience greatly enhances our ability to serve as a one stop provider of design services to our clients."
KTA's CEO and founding partner, Mark Koblos commented: "Our combined strengths and cultural values of growth and entrepreneurial spirit sets a strong foundation for us to merge our critical attributes, technological capabilities, and engineering experience to continue serving our loyal customers."
Koblos joins Bowman as Executive Vice President spearheading the firm's MEP business development and national expansion strategy. Randolph Thompson, president of KTA will continue to lead KTA's current team of engineering and support professionals out of its Herndon, Virginia office.
"With a successful acquisition behind us, I am confident that Bowman will continue to be a leader in the industry providing an extensive range of unmatched services," said Thompson. "Our ultimate goal has always been to provide our clients with the most innovative and effective solutions, and I know that with Bowman we will be able to do that better than ever before."
The deal closed on January 1st and has been structured as an asset purchase. Bowman expects this acquisition to be immediately accretive.
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About Bowman
Bowman is a multi-disciplinary professional services firm offering a broad range of energy, infrastructure, real estate, and environmental management solutions to customers who own, develop, and maintain the built environment. With 750 employees working together across 25 offices nationwide, Bowman delivers environmentally conscious solutions that advance the quality of life in communities across the US. Core services include engineering, planning, surveying, geomatics, construction management, environmental consulting, landscape architecture, and right-of-way acquisition. For more information, visit http://www.bowman.com.
About KTA
KTA has provided engineering services throughout the United States since 1989 and is a nationally recognized leader in mechanical, electrical, and plumbing engineering design as well as third party plan review and commissioning services. Headquartered in Herndon, Virginia, the firm applies the most up to date industry technologies to design healthy facilities that are environmentally and fiscally sound. KTA serves several diverse markets including health care, educational facilities, commercial interiors, mission critical facilities, base buildings, and mixed use and residential buildings. For additional information, please visit http://www.ktagroup.com.
Media Contact
Katie Turner, Bowers PR & Marketing, 614-620-0927, [email protected]
SOURCE Bowman Consulting Group, Ltd.
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