NEWPORT BEACH, CA – Meritage Partners, Inc. (“Meritage Partners”), a leading, boutique, middle-market mergers and acquisitions advisory, is pleased to announce the successful sale of Infrastructure Engineers (“Infrastructure Engineers”) to globally-recognized engineering services company Bowman Consulting Group Ltd. (NASDAQ: BWMN). The transaction closed on June 12, 2023.
Brian T. Franco, Founder and Managing Partner of Meritage Partners, remarked, “Congratulations on this merger with Bowman…you didn’t just want to sell to anyone, you wanted to specifically sell to somebody that was culturally aligned, that was going to continue the legacy of what you built.”
“Bowman is a natural fit for our firm and we’re all excited to get started,” said Sid Mousavi, President of Infrastructure Engineers. “We have a depth of experience with public sector infrastructure that will provide Bowman a solid foundation from which to grow that market nationally. We believe strongly that both our clients and our employees will benefit greatly from the extensive network of resources and professional development programs Bowman has access to across the country. We are looking forward to being a contributor to the next chapter of the Bowman story.”
“It wouldn’t have happened without your help!” said Sid Mousavi in reference to working with Meritage Partners. Meritage Partners was retained as the Company’s exclusive M&A advisor.
The transaction was led by Brian T. Franco, Founder and Managing Partner.
About Infrastructure Engineers
For nearly 30 years, Infrastructure Engineering has delivered on its mission to provide professional engineering, planning, environmental, and municipal services to cities and counties throughout Southern and Central California. As a results driven engineering service provider focused on public sector assignments, Infrastructure Engineering provides services that include civil design, construction management, traffic engineering, community development planning, environmental services, water/wastewater engineering, and staff augmentation for municipal and state agencies. The workforce is comprised of focused practitioners and expert technicians specializing in the firm’s markets and areas of expertise.
About Bowman Consulting Group
Headquartered in Reston, Virginia, Bowman is an engineering services firm delivering infrastructure solutions to customers who own, develop, and maintain the built environment. With over 1,700 employees and more than 75 offices throughout the United States, Bowman provides a variety of planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement and other technical services to customers operating in a diverse set of regulated end markets.
About Meritage Partners
Based in Newport Beach, California, Meritage Partners is a mergers and acquisitions advisory firm serving SMBs in a variety of industries throughout North America. Its advisors are made up of accomplished and experienced entrepreneurs with over 130 years of collective experience. Meritage’s team has advised on over $2.0 billion of successful M&A transactions with private equity firms, high net-worth individuals, and public companies.
For additional information, please visit meritage-partners.com or submit an inquiry to firstname.lastname@example.org.