Prominent SWFL engineering firm founded in 1966 has been sold

Hole Montes, a long-established engineering services firm in Southwest Florida, has been acquired. 

Reston, Virginia-based Bowman Consulting Group bought Hole Montes, according to a statement. Financial terms weren’t released, but it was financed, the release adds, with a combination of cash, seller notes and equity. Bowman officials anticipate the acquisition will initially contribute some $7 million of annualized net service billing. Bowman Consulting Group, publicly traded on the Nasdaq, posted $261.71 million in revenue in 2022. 

Founded in 1966, Hole Montes, with offices in Naples and Fort Myers, “has a storied history as one of the most trusted, reliable, and entrenched full-service engineering firms in Southwest Florida,” the release states.