Bowman Consulting Group acquires Reno-based CFA engineering firm

Bowman Consulting Group has announced the acquisition of CFA, Inc. headquartered in Reno.

CFAs staff includes licensed surveyors, professional engineers, a certified planner, certified survey technicians and FAA Part 107 certified UAS pilots. All CFA employees will join Bowman 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 $5 million.

For information, visit www.bowman.com or www.cfareno.com.