TZL 1445 (web)

TRANSACTIONS BOWMAN EXPANDS ARIZONA OPERATIONS THROUGH ACQUISITION OF PERRY ENGINEERING Bowman Consulting Group Ltd. announced it had entered into a definitive purchase agreement for the acquisition of Perry Engineering LLC. Founded in 2012 and headquartered in Tucson, Arizona, Perry delivers civil engineering consulting and land surveying for residential, commercial, industrial, education, and healthcare related projects. Under the leadership of Ken Perry, the company’s founder, Perry serves both public and private sector clients throughout the Tucson area. In addition, Perry serves in the role of on-call engineers for plan and report reviews for several local jurisdictions. “Ken and the Perry team have a long history in the Tucson market,” said Gary Bowman, CEO of Bowman. “Our Tucson operation has grown rapidly and once combined with Perry, Bowman will be one of the larger engineering operations in this thriving market. Perry’s experience in civil engineering, commercial site planning, educational facility design, survey and aerial imaging is highly aligned with our operations and services throughout Arizona and nationally.

I am pleased to welcome such an experienced team of professionals to Bowman and look forward to capitalizing on the numerous opportunities this combination presents for work sharing and collaboration.” “We’re looking forward to becoming part of Bowman,” said Ken Perry, founder, and CEO of Perry. “I am excited about the Bowman culture, leadership style and approach to growth. I was looking for the right fit and I am confident that we have found it here. Becoming part of Bowman and its culture of growth unlocks tremendous opportunity for our staff. We are looking forward to contributing to Bowman’s growth here in Tucson, throughout Arizona and nationally.” The company expects the Perry acquisition to initially contribute approximately $1.5 million of annualized net service billing. “We continue to be committed to both organic and acquisitive growth,” said Bruce Labovitz, Bowman’s CFO. “This acquisition kicks off 2022 with a solid addition in a growing market. The Perry acquisition is within our target multiple range, and it meets all of our objectives

for operating performance metrics. As is our practice, we will provide more detailed information on M&A activities and pipeline in connection with scheduled quarterly communications.” Perry has provided civil engineering consulting and land surveying for residential, commercial, industrial, education, and healthcare related projects since 2012. With local experience, and knowledge of the various development and zoning codes, standards, and plan review processes associated with the multiple jurisdictions in the greater Tucson area, Perry keeps client projects moving forward according to schedule and budget. Headquartered in Reston, Virginia, Bowman is an engineering services firm delivering innovative infrastructure solutions to customers who own, develop, and maintain the built environment. With 1,000 employees and more than 40 offices throughout the U.S., Bowman provides a variety of planning, engineering, construction management, commissioning, environ- mental consulting, geomatics, survey, land procurement and other technical services.

I’d be a fool if I didn’t realize that I’m the luckiest guy alive and life is nearly perfect. I just want to appreciate every day for what it is and not want much more than what we have. Everything could end in an instant. One of my friends, a developer and contractor, died last week of a sudden heart attack at age 51. He was in seemingly perfect health, and checked out while fishing with absolutely no warning. Bad things can happen at any time. Not a day goes by I don’t think about the people in Ukraine who were living their lives just like we are – worried about getting the oil changed in their cars, leaky spots on their roofs, the “C” their kid got in math, and what to have for dinner – and their entire world was turned upside down in a matter of days. These are “the good old days,” and I don’t want to take anything for granted, nor miss a single minute of even the most mundane aspects of life. Like most people, I would guess, I have plenty of regrets. But I want to stay focused on the present and future, because I don’t think it’s very helpful to dwell on those things. My singular goal at this point is to pass on everything I have learned so others can avoid my mistakes – and my articles here will be a part of that effort as long as Zweig Group keeps publishing them! Mark Zweig is Zweig Group’s chairman and founder. Contact him at mzweig@zweiggroup.com.

MARK ZWEIG, from page 11

former students. I even occasionally give talks like the one I gave at the “Fast 15” awards ceremony for The Northwest Arkansas Business Journal earlier last month. But now that it’s summer, I get to spend plenty of time rocking on my front porch and talking to my wife and the many visitors who stop by, working on our lawn, and loving on our two nearly perfect gigantic Great Pyrenees dogs. We also have a new garage/ exercise room/“She Shed” going up, and a whole bunch of other home improvement projects, along with a couple of vintage VW project cars and our latest acquisition, a mid-‘70s “Kountry Aire” travel trailer my wife wants to renovate. I still have one cool old car, a British Racing Green turbocharged Rolls-Royce Silver Spur, that spends about half of its time in the shop (much to my wife’s chagrin). And I recently finished my new book, Confessions of an Entrepreneur , thanks to a lot of help particularly from Matt Waller, dean of The Walton College, and a fellow named Stephen Caldwell who has worked with me to get this thing finished – and it’s set to come out hopefully by the end of summer. My four daughters and one stepdaughter – ranging in age from 11 to 34 – are each unique and successful in their own ways. My mom is nearly 102 and still living in the house I grew up in. I get to have lunches with my friends, young and old. And this summer, we plan to return to Taos and Santa Fe, where my sister-in-law and her husband live.

THE ZWEIG LETTER JUNE 13, 2022, ISSUE 1444

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