Bowman Consulting agrees to go private in $1 billion deal; shares jump

Bowman Consulting

10/08/2026 13:21

** Shares of Bowman Consulting Group BWMN.O soar about 56% to $42.28 premarket
** The engineering and program management company says it has agreed to be acquired by private equity firm Bernhard Capital Partners for $43/share in cash, in a deal valued at about $1 billion
** The offer represents a ~58% premium to BMWN's last close
** Transaction expected to close in Q426 or Q127
** BWMN also reports Q2 EPS of 14 cents, up from year-ago 34 cents
** Q2 gross contract revenue rise 16% to $272.6 million on year-ago basis
** As of last close, stock had fallen 17.5% YTD 

 (Reporting by Apratim Sarkar in Bengaluru)
 ((Apratim.Sarkar@thomsonreuters.com))