Deal announced Dec 2020 · Virginia Verified
Bowman Consulting Group signs LOI to acquire KTA Group (MEP engineering)
Bowman Consulting Group signed a letter of intent to acquire KTA, an engineering firm with core expertise in mechanical, electrical, and plumbing engineering and commissioning. It is Bowman's largest acquisition to date and launches a stated M&A-driven growth initiative; the asset purchase was scheduled to close in early January.
“Bowman Consulting Group Ltd., a provider of professional services to customers who own, develop, and maintain the built environment, has signed a letter of intent to acquire KTA, an engineering firm with core expertise in mechanical, electrical, and plumbing engineering; commissioning; third-party plan review; and lighting design.”
Entities
Bowman Consulting Group Ltd. · Acquirer KTA Group Inc. · Target
ElectricalHVACPlumbing
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