Bowman Consulting acquires Blankinship & Associates, terms undisclosed

Bowman Consulting announced the acquisition of Davis, California based Blankinship & Associates. Blankinship, an environmental sciences and engineering firm, specializes in providing water resources services, natural resource management services, permitting and compliance services, and specialized training. Established in 2000 by current president Mike Blankinship, the firm serves both public and private sector clients providing solutions to environmental and natural resources challenges that intersect the built environment and natural resources. Blankinship’s staff of professionals will all become Bowman employees in connection with the acquisition. Financed with a combination of cash, seller notes, and equity, the acquisition falls within previously discussed target multiple and operating metric ranges and is expected to be immediately accretive. The company anticipates the acquisition will initially operate at an annualized net service billing run rate of approximately $3M. More detailed information on M&A activities, pipeline, and guidance updates are provided in connection with scheduled quarterly and annual communications.