TZL 1418

TRANSACT IONS BOWMAN CONSULTING GROUP ACQUIRES ASSETS OF MCFARLAND-DYER & ASSOCIATES IN ATLANTA Bowman Consulting Group Ltd. announced the acquisition of the assets of McFarland- Dyer & Associates headquartered in the greater Atlanta area. Founded in 1995, McFarland-Dyer & Associates delivers civil engineering, land planning, land surveying, and landscape architecture services to public and private sector clients throughout the Southeast. “We are excited and happy to welcome all of the McFarland-Dyer employees and clients to Bowman,” said Gary Bowman, chairman and CEO of Bowman. “McFarland-Dyer brings a strong market reputation and I look forward both to expanding our presence in the Atlanta market and to extending McFarland- Dyer’s surveying, landscape architecture, site planning and civil engineering services to our customers throughout the Southeast.” “The economics of this acquisition are in line with our strategy, and I am confident in our ability to generate beneficial revenue synergies together,” added Bowman. “In keeping with our goal of delivering reasonably

priced growth and enhanced shareholder value, this is the first of what we expect to be many acquisitions we make as a public company. We are actively pursuing numerous opportunities to invest the proceeds from our recent $52 million initial public offering and expect to close on additional acquisitions this year.” “Bowman offers us an exciting opportunity to effect an orderly ownership transition and become part of a dynamic and growing organization,” said Phyllis Lamme, president of McFarland-Dyer. “The leadership of Bowman has demonstrated their commitment to empowering the staff of acquired firms by enabling them to thrive, grow and develop professionally within a culture that promotes those same values that we have held since our founding. We are excited about joining Bowman.” The acquisition, which was financed with a combination of cash, seller financing and stock, is initially expected to add a base of approximately $4 million of annualized net service billing to Bowman and be immediately accretive.

Founded in 1995, McFarland-Dyer & Associates delivers civil engineering, land planning, land surveying, and landscape architecture services to public and private sector clients throughout the Southeast, with a focus on the metropolitan Atlanta area. Public work has included schools, libraries, fire stations, city halls, streetscapes, parks, playfields and sports facilities. Private projects have included residential subdivisions, multi- family developments, hotels, commercial centers and amenity areas with swimming and tennis facilities. Headquartered in Reston, Virginia, Bowman is a professional services firmdelivering innovative engineering solutions to customers who own, develop, and maintain the built environment. With 800 employees and more than 30 offices throughout the United Sates, 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.

MARK ZWEIG, from page 11

1)Acknowledge there is more to life. You are more than what you do and what you earn. Or at least you can be. Accept that and embrace that. It will keep you more open to change. 2)Develop your successors. Pick those who are truly worthy of holding the keys to your business and spend time with them. Promote them. Encourage them. Put them in the spotlight. You have already had your time there in it. 3)Be a teacher. You have learned some very important lessons that got you this far. Don’t guard that knowledge as if giving it to someone else is a loss to you. Share it selflessly. 4)Give up your need to always be in control. You will never truly be able to hand off your piloting duties unless you let someone else try flying the airplane. People have to experience doing things themselves in order to actually learn how to do them correctly. Learn to enjoy watching the game versus playing in it. 5)Develop some other interests. Yes, it’s great that you are good at what you do. And it is a truly worthwhile endeavor to grow and run a successful AEC firm. But how about learning some new things you aren’t so good at doing? That can be very enjoyable and enriching. 6)Reconnect with the people you care about. That could be your clients and your employees – but it could also be the family members and friends you have neglected for so long while being overcommitted. Life is short. Our time on this earth is limited and you never know when the clock will run out. Getting past your success isn’t easy. But it’s worth it. It will ultimately make you MORE successful – not just as a business leader – but in life itself! MARK ZWEIG is Zweig Group’s chairman and founder. Contact him at mzweig@zweiggroup.com.

other pop business and psychobabble stuff. Yes, failure can provide a great learning opportunity. Burn your hand on a hot stove and it hurts. You don’t want to repeat that. But the fact is, you DID burn your hand. It would be nice not to do that in the first place. I would prefer to learn from the failures of others if I can. That is how we get smarter and avoid making costly mistakes other people have already made. But forgive me for getting sidetracked here on one of my pet peeve subjects! “Success can be a trap. It can be all- consuming. It can lead to burnout. It can destroy our personal relationships. It can keep us from living the ‘rich’ life we all sought out when we first pursued it.” I want to talk about moving on past your SUCCESS . Success is great. It strokes our egos. It makes us money. It provides us with other opportunities. But it (success) can also be a trap. It can be all-consuming. It can lead to burnout. It can destroy our personal relationships. It can keep us from living the “rich” life we all sought out when we first pursued it. It can stunt our personal growth. It can lead to hubris. And it can also keep our companies from making necessary changes to adapt to an increasingly dynamic world. Here is my advice to successful firm founders and transformational CEOs of firms in our industry who want to get past their success:

THE ZWEIG LETTER NOVEMBER 29, 2021, ISSUE 1418

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