Insights
Benchmark International Facilitated The Transaction Of Spatial Acuity, LLC And Bowman Consulting Groups Ltd
December 9, 2022
Benchmark International successfully facilitated the transaction of Spatial Acuity, LLC, to Bowman Consulting Groups LTD, hereinafter referred to as Bowman. Spatial Acuity, LLC is headquartered in Austin, Texas. The company provides high-definition scanning, 3D modeling, and reality capture services for owners, developers, and operators of private and public infrastructure. Utilizing advanced geomatics equipment, Spatial Acuity delivers interactive, three-dimensional digital models, thrusting their clients to the forefront of the digital twin revolution.
Garett Owens, CEO of Spatial Acuity, LLC, commented, "Reality capture is an exciting field with unlimited growth potential. By partnering with Bowman, we can expand at a pace we otherwise would not have been able to achieve. Their culture and commitment to growth match precisely what we have been pursuing as a partner. Bowman embraces advanced technologies, and together, we will be an industry-leading player in the
digital transformation of design, construction, and asset management within the built environment."
Bowman is headquartered in Reston, Virginia. Bowman is an engineering services firm delivering infrastructure solutions to customers who own, develop, and maintain the built environment. With over 1,700 employees and more than 65 offices throughout the United States, Bowman provides a variety of planning, engineering, construction management, commissioning, environmental consulting, geomatics, survey, land procurement, and other technical services to customers operating in a diverse set of regulated end markets.
Gary Bowman, CEO of Bowman, commented, “The Spatial Acuity team has set themselves apart by capturing facility data with unmatched precision and delivering project results with a level of sophistication that is rare in the field. Garett and his team will both complement and extend our platform, resulting in enhanced efficiencies and substantial cross-selling opportunities. We are pleased to welcome the Spatial Acuity team to Bowman, and I especially look forward to Garett’s leadership of our continuing adoption and growth of advanced digital services.”
The Deal Associate from Benchmark International, Brittney Easter, commented, “Working with the Spatial team was a great, collaborative experience. We are excited to see what new potential this acquisition brings to both our seller and our buyer. We wish everyone involved our best.”
Share This Post
Categories
Get These Insights Delivered Directly To Your Email
Explore our curated collection today and stay ahead of the curve in M&A.
Related Posts
Managing Expectations While On MarketDeciding to sell your business can be a nerve-wracking yet exciting endeavor. It marks the culmination of many years of dedication, hard work, and strategic planning. As you prepare to go to market, engage with buyers through site visits, field and respond through information requests from interested parties, and hopefully navigate potential negotiations with buyers, it is vital not to overlook the significance of the market feedback you may receive while fielding these various levels of interest. The input received throughout the stages of this process is paramount to consider when managing your expectations while you are on the market. Understanding and finding the overall market consensus of feedback can help you determine what may add value to your overall offer or detract from your valuation. An often overlooked aspect is considering the market feedback generated by interest and adjusting your expectations accordingly.Beyond The Price Tag: Non-Financial Considerations In Business ValuationIt’s easy to be swept up in the flood of advice and methods for valuing a business. A quick internet search provides almost infinite resources right at your fingertips. From more general approaches to specific analyses, there is a lot of financial data to parse through, regardless of the methods you choose.