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.
Today, Hole Montes provides comprehensive design, survey, GIS and construction management expertise to customers focused on environmental engineering, transportation infrastructure, airport facilities, storm water and wastewater systems, land planning, landscape architecture and more. The firm has 65 employees — all of whom, the release states, will join Bowman in connection with the acquisition.
“Hole Montes is a well-respected firm with a long-established presence in Southwest Florida,” Bowman CEO Gary Bowman says. “They possess expertise and client relationships that complement ours and will benefit from our national platform. Most importantly, their culture aligns seamlessly with ours which will enable immediate work-sharing and collaboration.
“Working with Bowman during the diligence and pre-integration period has given us tremendous comfort that this is the right next step for our leadership, our employees and our customers,” Hole Montes CEO Bob Mulhere says in the release.
Bowman handles infrastructure for customers who own, develop and maintain the built environment. It has over 1,700 employees and more than 75 offices throughout the United States.