BATON ROUGE — Private markets investment firm Bernhard Capital Partners has officially finalized its acquisition of national engineering services provider Bowman Consulting Group Ltd. in an all-cash deal valued at approximately $1 billion.

With the closing of the transaction, Bowman transitions from a publicly traded entity to a private company backed by Bernhard Capital. Trading of Bowman’s common stock on Nasdaq has ceased, and the shares will be formally delisted.

The deal pairs Bowman’s technical engineering footprint and multi-discipline reach with Bernhard’s operational background in scaling critical infrastructure platforms. Moving forward, the two companies plan to accelerate Bowman’s expansion through both organic initiatives and targeted strategic acquisitions across major infrastructure sectors.

Mark Spender, Partner and Chief Investment Officer at Bernhard, highlighted Bowman's positioning in an increasingly demanding market:

"As clients take on larger and more complex infrastructure projects, they increasingly need partners who can deliver across multiple disciplines and geographies. Bowman’s breadth of capabilities and national reach position it well for continued growth, and we look forward to supporting the team as it strengthens its ability to serve clients across the country."

Bowman Founder and CEO Gary Bowman called the closing the start of an exciting new era for the 30-year-old firm:

"Bernhard understands our business and shares our conviction in the opportunities ahead. In Bernhard, we have found a partner that respects the entrepreneurial culture that has made Bowman successful and will build on that foundation for years to come. With their support, Bowman will continue investing in its people, bringing new expertise into the organization, and delivering with responsiveness and technical excellence for our clients."