Bowman Consulting Group Ltd. (NasdaqGM:BWMN) enters into Definitive Agreement to Acquire Surdex Corporation for $60 million on April 3, 2024. As part of consideration Bowman will pay $44 million and 505,541 shares of Bowman common stock valued for the purpose of this transaction at a fixed price of $37.58 per share and subject to a six-month lock-up agreement. The acquisition is subject to usual and customary closing conditions and is expected to formally close by April 10, 2024.

Benjamin F. Edwards & Company, Incorporated acted as financial advisor to Surdex Corporation.