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TRANSACTIONS BOWMAN EXPANDS IN GULF COAST THROUGH ACQUISITION OF FABRE ENGINEERING, INC. Bowman Consulting Group Ltd. announced the purchase of Fabre Engineering, Inc. Founded in 1981 and headquartered in Pensacola, Florida, Fabre provides comprehensive civil engineering and land surveying to a variety of public and private clients in Florida, Alabama, and Mississippi. Fabre specializes in water, stormwater and wastewater solutions, airports, land use planning for private developers and municipal agencies, and broad-based geomatics and land surveying services. “Frank and the extended Fabre team have a long history in the Gulf Coast,” said Gary Bowman, CEO of Bowman. “Our

southeast region will no doubt benefit from the addition of Fabre’s skilled workforce and diverse base of clients. We are all excited to welcome Fabre’s team of experienced professionals to Bowman and look forward to the cross- selling, service line augmentation and collaboration opportunities that will result from this acquisition.” “There’s a significant amount of synergy between Fabre and Bowman,” said Frank Fabre, founder and president of Fabre. “We’re looking forward to joining with an organization that shares our work ethic and commitment to quality. I’m confident we’ve found the right fit for our people and clients and I believe our team will be able to contribute meaningfully to

Bowman’s growth along the Gulf Coast and throughout the southeast.” Bowman expects the Fabre acquisition to initially contribute approximately $1.5 million of annualized net service billing. “Fabre is another exciting acquisition that is aligned with our long-term strategic growth initiative,” said Bruce Labovitz, Bowman’s CFO. “The Fabre acquisition was closed at a favorable multiple relative to our stated range and it meets all objectives for operating metrics. As is our practice, we will provide more detailed information on M&A activities, pipeline, and guidance in connection with our scheduled quarterly communications.”

also encouraged through our performance review process to routinely and directly point out the good work their employees do. INFORMATION IS POWER. Do you know what your employees are unhappy about and why? Research suggests that employees who feel like their concerns are taken seriously and that their input is valued, are more likely to stay loyal to their company. Companies can use this information to help them make decisions, decide procedures, and address the concerns their employees may have. For the past eight years, Colliers Engineering & Design has been honored to be recognized in Zweig Group’s Best Firms To Work For awards. The ranking for this award is determined by information gathered through an employer questionnaire and a confidential employee survey. The information collected through the survey as well as the Glint survey issued by CED’s parent company enables leadership to focus efforts and resources on continually improving the firm in ways employees appreciate the most, supporting their desire to be recognized as a Best Firm To Work For. There are also regional surveys, which enable companies to see region-specific feedback, and how they compare with their competitors in that area. You can work to improve retention by promoting a positive culture, giving employees autonomy and empowerment, actively showing appreciation, and asking them directly what their thoughts are. So, as a manager, how are you affecting your team? Alexis Eades is a communications specialist for Colliers Engineering & Design. A graduate of Rutgers University, she has a passion for writing, learning, and traveling. You can read more from her here.

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and path. They can move to different parts of the country and work out of different offices, and there are more chances for promotion. “We’ve always been a firm that prioritized individuals having the power to create their own success, and that is now truer than ever.” DO YOUR EMPLOYEES FEEL APPRECIATED? You may have heard the story of John F. Kennedy visiting NASA during his presidency and meeting a janitor there. He asked the man what he did, and the man said he was helping to put a man on the moon – which was true. If NASA didn’t have a janitor, how could the scientists and engineers do their jobs? That janitor saw the bigger picture of what he was doing. But if the scientists treated him with disrespect and acted like he was lesser than the other people working different jobs in that building, he might not have had this attitude. Does everyone on your team feel valued? Porschia Parker reports that “63 percent of people who are ‘always’ or ‘usually’ recognized at work consider themselves ‘very unlikely’ to seek a new job in the next three to six months.” Do you, as a manager, explicitly vocalize to each employee why you appreciate them? Do you give them positive feedback as well as constructive criticism? The Leadership Quarterly published a study showing that employees’ brains light up in regions related to avoidance, narrowed attention, and negative emotions when they view leadership they think of as unempathetic. Colliers Engineering & Design’s Core Value Champ program, Accelerating Success Awards, employee newsletter features, and formalized means to share employee feedback through HR via kudos, and monetary rewards for work anniversaries and referrals are all established ways the firm shows appreciation for employees, but managers are

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THE ZWEIG LETTER AUGUST 29, 2022, ISSUE 1455

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