Latham Advises on Bowman Consulting Group Ltd.’s Public Offering of Common Stock

Bowman Consulting Group Ltd. (NASDAQ: BWMN), a Reston, Virginia-based national engineering and infrastructure services firm supporting owners and developers of the built environment, has announced the pricing of its previously announced underwritten public offering at a public offering price of US$34.00 per share. A total of 1,323,530 shares of common stock are being sold by Bowman and 147,058 shares of common stock are being sold by the selling stockholders, Gary Bowman, the Company’s President, Chief Executive Officer and Chair of the board of directors (the Board) and Michael Bruen, the Company’s Executive Vice President and Chief Operating Officer and a director of the Board. Bowman and the selling stockholders have granted the underwriters an option to purchase up to an additional 220,588 shares of common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on April 1, 2024, subject to customary closing conditions. Bowman currently intends to use the net proceeds from the sale of its shares in the offering for general corporate purposes, including organic expansion, the funding of potential acquisitions, and the potential repayment of borrowings outstanding under its revolving credit facility.

Latham & Watkins LLP represents the underwriters in the offering with a capital markets team led by New York partner Stelios Saffos and Washington, D.C. partner Chuck Cassidy, with Chicago associates Ben Winnett and Omeed Valipour. Advice was also provided on tax matters by Los Angeles partner Eric Cho, with San Diego associate Ryan Brenner; and on government contract matters by Washington, D.C. partner Kyle Jefcoat, with associate Blake Page.