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TRANSACT IONS BOWMAN ACQUIRES MEP FIRM, KTA GROUP, INC. Bowman Consulting Group, Ltd. , a provider of professional services to customers who own, develop, and maintain the built environment, has signed a Letter of Intent to acquire KTA , an engineering firm with core expertise in mechanical, electrical and plumbing engineering, commissioning, third party plan review, and lighting design. Founded in 1989, KTA provides complete engineering and response solutions with 40 technical experts. The move supports Bowman’s continued growth and substantially broadens its scope of service offerings. “KTA is our largest acquisition to date and this marks the launch of our initiative to accelerate growth by selective and intentional M&A,” said Gary Bowman, Chairman and CEO of Bowman. “The addition of the talented KTA professionals to our team positions Bowman as a comprehensive service provider to the renewable energy market which is a major focus of our growth and diversification strategy. Leveraging KTA’s experience and expertise with building systems will enhance the value that we add to our customers’ projects and result in considerable revenue synergies.”
KTA’s CEO and founding partner, Mark Koblos commented: “We are pleased to become part of Bowman, a growing company with a nationwide presence. The firm’s cultural values of growth and entrepreneurial spirit provide the match that we have been looking for to provide professional growth and advancement opportunities for our people.” Randolph Thompson, president of KTA will continue to lead KTA’s current team of engineering and support professionals out of its Herndon, Virginia office. Koblos will join Bowman as Executive Vice President spearheading the firm’s MEP business development and national expansion strategy. “We are excited to continue providing unparalleled service to our current clients while expanding the range of services that Bowman offers,” said Thompson. “This business combination will greatly enhance the breadth of service we provide to our clients.” The deal is structured as an asset purchase and Bowman expects this acquisition to be immediately accretive. The transaction is scheduled to close in early January. About Bowman: Bowman is a multi-disciplinary
professional services firm offering a broad range of energy, infrastructure, real estate, and environmental management solutions to customers who own, develop, and maintain the built environment. With 750 employees working together across 25 offices nationwide, Bowman delivers environmentally conscious solutions that advance the quality of life in communities across the US. Core services include engineering, planning, surveying, geomatics, construction management, environmental consulting, landscape architecture, and right-of-way acquisition. KTA has provided engineering services throughout the United States since 1989 and is a nationally recognized leader in mechanical, electrical, and plumbing engineering design as well as peer/third party plan review and commissioning services. Headquartered in Herndon, Virginia, the firm applies the most up to date industry technologies to design healthy facilities that are environmentally and fiscally sound. KTA serves several diverse markets including health care, educational facilities, commercial interiors, mission critical facilities, base buildings, and mixed use and residential buildings.
ways to support hurting individuals, but the pandemic brought a general haze of loss and anxiety across our entire staff at the same time. It has been a different type of grief situation that is more subtle and less visible. Ultimately what we have found is that Sain Associates’ culture is stronger and more resilient than we originally thought. Our staff have enthusiastically supported our modified traditions, and through the course of 2020, we added a few new things to our repertoire of activities. Most importantly though, we experienced strengthened relationships from intentionally checking on one another and staying attuned to emotional health and family challenges that might require extra support. Our investment in great culture has paid dividends that we never anticipated. BECKY WHITE, PTP is the chief operating officer at Sain Associates. Founded in 1972, Sain Associates is a full-service consulting engineering firm that specializes in civil engineering, transportation planning and engineering, surveying, construction engineering and inspection, and geographic information systems. Sain Associates is headquartered in Birmingham, Alabama, with additional branch offices in Pulaski, Tennessee, and Huntsville, Alabama. Becky can be contacted via LinkedIn or at bwhite@sain.com. “We experienced strengthened relationships from intentionally checking on one another and staying attuned to emotional health and family challenges that might require extra support. Our investment in great culture has paid dividends that we never anticipated.”
BECKY WHITE, from page 3
maintaining Sain’s culture in a remote environment focused on converting as many social and learning gatherings to a virtual format. We organized trivia contests through Zoom, an April Activity Challenge to encourage physical activity, and we coached team leaders in best practices for leading remote workers. We brought our staff back to the office in a phased program that took most of the summer and still has most staff working remotely for two or three days per week. As the pandemic extended into the fall and winter, we hosted virtual Halloween costume and ugly Christmas sweater contests, encouraged drop off donations for a local homeless shelter, and re- directed funds typically used for a client event to charitable contributions for local non-profits. Re-thinking activities has required some creativity, but it’s been the easy part. The greater challenge to our organization has been monitoring and supporting the mental health of our staff. In September, I was given a copy of an article from McKinsey Quarterly entitled “The Hidden Perils of Unresolved Grief.” Authors Charles Dhanaraj and George Kohlrieser describe the cost to productivity and good leadership that stem from lingering grief over the loss of one or more deep-seated human needs, such as attachment, structure, identity, control, and meaning. The recommended steps to resolving grief ’s impact include awareness, acceptance of reality, and creating personal meaning from the loss. Organizations can help by setting a tone of openness and warmth, acknowledging the presence of situations that cause grief, and observing traditions or rituals that provide encouragement and support. Our firm has had an unusual number of catastrophic grief situations over the past two decades that have taught us
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THE ZWEIG LETTER MARCH 8, 2021, ISSUE 1382
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