On October 13, 2025, Bowman Consulting Group Ltd. (NASDAQ: BWMN) announced the acquisition of Lazen Power Engineering, a Florida‑based firm founded in 2014 that specializes in overhead transmission line design and project management. The deal adds a team of highly skilled professionals and a portfolio of completed transmission line projects for regional utilities across the United States. Lazen’s expertise in fire risk mitigation, greenfield design, reconductor upgrades, clearance improvements, and asset inspections complements Bowman’s existing advanced geospatial services for high‑altitude transmission line surveying and orthoimaging.
The acquisition is a strategic move to accelerate Bowman’s long‑term goal of building a comprehensive energy practice that spans generation, distribution, storage, delivery, and maintenance of power‑related infrastructure. By adding Lazen’s HVTL capabilities, Bowman can immediately compete in the fast‑growing high‑voltage transmission line segment, a critical category for utilities, data centers, and renewable developers seeking scalable, reliable grid capacity. The addition also strengthens Bowman’s position in the data‑to‑grid continuum, aligning with recent acquisitions such as e3i Engineers that expanded its data‑center interior energy design expertise.
Financially, the transaction is expected to be immediately accretive, with Lazen projected to operate at a net service billing run rate of approximately $2.0 million. The deal was financed with a combination of cash, seller notes, and equity, and conforms to Bowman’s previously discussed target multiples and operating metrics. The acquisition is anticipated to increase the concentration of power services in Bowman’s revenue mix and provide new opportunities for cross‑selling to existing power customers.
Lazen’s track record of delivering projects for well‑known regional utilities and its focus on safe, reliable transmission solutions position it as a valuable addition to Bowman’s multidisciplinary platform. The integration of Lazen’s technical expertise with Bowman’s geospatial capabilities is expected to enhance the firm’s ability to deliver end‑to‑end solutions for utilities and power consumers, supporting the growing demand for reliable, distributed, and low‑emissions energy infrastructure.
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