Bernhard Capital Partners has reached an agreement to acquire Bowman Consulting Group, a listed engineering services and program management firm, in an all-cash take-private transaction. The deal is valued at $43 per share, representing an enterprise value of $1.0 billion.

Under the terms of the agreement, Bowman will be permitted to actively solicit, consider and negotiate alternative acquisition proposals from third parties during a 35-day “go-shop” period, concluding on September 13, 2026.

The transaction was unanimously approved by Bowman’s board and is expected to close in Q4 2026 or Q1 2027, subject to shareholder and regulatory approvals. Mark Spender, partner and chief investment officer at Bernhard, stated that Bowman’s services are well aligned with Bernhard’s track record of growing businesses serving critical infrastructure.

Formed in 1995, Bowman Consulting provides real estate, energy, infrastructure, and environmental management consulting services. The company went public in 2021 on the Nasdaq exchange.