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Bowman Acquisition of e3i Engineers Immediately Expands Data Center Design and Interior Systems Engineering Capabilities

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Bowman Consulting Group (NASDAQ: BWMN) has announced a strategic acquisition of e3i Engineers, a Boston-based firm specializing in data center design and energy infrastructure. The acquisition significantly enhances Bowman's capabilities in data center engineering, particularly for AI-enabled and high-density environments.

e3i Engineers brings impressive credentials with over 3.2 million square feet of designed data center space and expertise in advanced cooling technologies. The deal, financed through a mix of cash, seller notes, and a convertible note, is expected to generate an annualized net service billing run rate of approximately $2.0 million.

The acquisition strengthens Bowman's technical offerings in mission-critical infrastructure, particularly in emerging technologies like direct-to-chip cooling and low-carbon energy systems.

Bowman Consulting Group (NASDAQ: BWMN) ha annunciato l'acquisizione strategica di e3i Engineers, una società con sede a Boston specializzata nella progettazione di data center e infrastrutture energetiche. Questa acquisizione potenzia significativamente le capacità di Bowman nell'ingegneria dei data center, in particolare per ambienti ad alta densità e supportati dall'intelligenza artificiale.

e3i Engineers vanta credenziali notevoli con oltre 3,2 milioni di piedi quadrati di spazio per data center progettato e competenze nelle tecnologie avanzate di raffreddamento. L'operazione, finanziata tramite una combinazione di liquidità, note del venditore e una nota convertibile, è prevista generare un fatturato netto annualizzato di servizi pari a circa 2,0 milioni di dollari.

L'acquisizione rafforza l'offerta tecnica di Bowman nelle infrastrutture mission-critical, specialmente nelle tecnologie emergenti come il raffreddamento diretto al chip e i sistemi energetici a basso impatto di carbonio.

Bowman Consulting Group (NASDAQ: BWMN) ha anunciado la adquisición estratégica de e3i Engineers, una firma con sede en Boston especializada en el diseño de centros de datos e infraestructura energética. Esta adquisición mejora significativamente las capacidades de Bowman en ingeniería de centros de datos, especialmente para entornos de alta densidad y habilitados para IA.

e3i Engineers aporta credenciales impresionantes con más de 3,2 millones de pies cuadrados de espacio diseñado para centros de datos y experiencia en tecnologías avanzadas de enfriamiento. El acuerdo, financiado mediante una combinación de efectivo, notas del vendedor y una nota convertible, se espera que genere una tasa anualizada de facturación neta por servicios de aproximadamente 2,0 millones de dólares.

La adquisición fortalece la oferta técnica de Bowman en infraestructuras críticas para la misión, especialmente en tecnologías emergentes como el enfriamiento directo al chip y los sistemas energéticos bajos en carbono.

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Bowman Consulting Group (NASDAQ : BWMN) a annoncé l'acquisition stratégique de e3i Engineers, une entreprise basée à Boston spécialisée dans la conception de centres de données et les infrastructures énergétiques. Cette acquisition renforce considérablement les capacités de Bowman en ingénierie des centres de données, notamment pour les environnements à haute densité et équipés d'IA.

e3i Engineers possède des références impressionnantes avec plus de 3,2 millions de pieds carrés d'espaces de centres de données conçus et une expertise dans les technologies avancées de refroidissement. L'opération, financée par un mélange de liquidités, de billets du vendeur et d'une note convertible, devrait générer un chiffre d'affaires net annuel de services d'environ 2,0 millions de dollars.

Cette acquisition renforce l'offre technique de Bowman dans les infrastructures critiques, en particulier dans les technologies émergentes telles que le refroidissement direct au puce et les systèmes énergétiques à faible émission de carbone.

Bowman Consulting Group (NASDAQ: BWMN) hat die strategische Übernahme von e3i Engineers bekannt gegeben, einem in Boston ansässigen Unternehmen, das sich auf die Planung von Rechenzentren und Energieinfrastruktur spezialisiert hat. Die Übernahme erweitert Bowmans Fähigkeiten im Bereich Rechenzentrumsengineering erheblich, insbesondere für KI-gestützte und hochverdichtete Umgebungen.

e3i Engineers bringt beeindruckende Referenzen mit über 3,2 Millionen Quadratfuß entworfenen Rechenzentrumsfläche und Fachwissen in fortschrittlichen Kühltechnologien. Der Deal, finanziert durch eine Mischung aus Bargeld, Verkäuferdarlehen und einer Wandelanleihe, soll eine annualisierte Nettodienstleistungsabrechnung von etwa 2,0 Millionen US-Dollar generieren.

Die Übernahme stärkt Bowmans technisches Angebot im Bereich kritischer Infrastruktur, insbesondere bei aufkommenden Technologien wie Direktchip-Kühlung und kohlenstoffarmen Energiesystemen.

Positive
  • Expands into high-growth data center and AI infrastructure market
  • Adds specialized expertise in advanced cooling technologies and energy systems
  • Expected $2.0 million annualized net service billing contribution
  • Acquisition aligns with target multiples and operating metrics
  • Enhances technical capabilities beyond traditional civil infrastructure
Negative
  • Potential integration costs and risks with new technology focus
  • Financial impact of mixed financing structure (cash, notes, and convertible note)

Insights

Bowman's acquisition of e3i Engineers strategically expands their data center capabilities, particularly for AI and high-density applications.

Bowman's acquisition of e3i Engineers represents a strategic vertical integration in the data center ecosystem. By acquiring e3i's specialized expertise in internal data center engineering, Bowman extends beyond their traditional site planning and civil design strengths to offer comprehensive end-to-end solutions.

The timing is particularly noteworthy as data center demand continues to surge, driven by AI computing requirements that necessitate advanced cooling solutions like the direct-to-chip technology e3i has pioneered. This acquisition positions Bowman to capitalize on the evolution toward higher-density, more energy-intensive computing environments that support artificial intelligence workloads.

With e3i's portfolio of 3.2 million square feet of designed data center space, Bowman immediately gains credibility in the interior systems engineering space. The acquisition also diversifies Bowman's technical capabilities into adjacent energy infrastructure including fuel cells, battery storage and microgrids � critical components for data centers seeking resilient, lower-carbon operations.

From a financial perspective, the $2.0 million annualized billing run rate may appear modest relative to Bowman's overall operations, but the strategic value exceeds the immediate revenue contribution. This acquisition creates cross-selling opportunities to leverage Bowman's existing client relationships while addressing more components of increasingly complex data center projects.

RESTON, Va., July 02, 2025 (GLOBE NEWSWIRE) -- Bowman Consulting Group Ltd. (NASDAQ: BWMN), a national engineering services and project management firm, today announced it has entered into a definitive purchase agreement to acquire e3i Engineers, a Boston, Massachusetts-based firm specializing in the design of data centers, energy infrastructure and emerging technology applications. The acquisition enhances Bowman’s ability to support clients with increasingly complex inside-the-data-center engineering needs, building on its existing strength in site planning, civil design and utility infrastructure.

e3i Engineers has built a solid reputation over the past decade for its work supporting data centers and other mission-critical infrastructure across the U.S. The firm's portfolio includes more than 3.2 million square feet of designed data center space, including projects supporting AI, high density and hyperscale requirements. e3i has been an early adopter of technical innovations including direct-to-chip (DtoC) cooling, known as cold plate technology, that minimizes transformation and distribution losses and costs. They also provide turnkey engineering solutions for fuel cells, battery storage and microgrids for resilient, low-carbon energy systems.

“The acquisition of e3i is a strategic step forward as we expand our footprint beyond site and civil infrastructure and further into the heart of the data center,� said Gary Bowman, founder and CEO of Bowman. “e3i has been instrumental in the evolution of AI-optimized data center design where their technical offerings have improved performance standards across mission-critical infrastructure. Their forward-thinking approach has advanced how data centers are engineered. e3i brings specialized expertise that strengthens our technical offering for clients building AI-enabled, high-density and energy-intensive environments. These capabilities complement our platform and help position us for long-term growth in data, digital and distributed energy markets.�

“We’ve always believed that engineering should be a force for what’s next,� said William Leuci, president of e3i. “Like Bowman, we are a partner-driven firm which has enabled us to deliver unique and cost-effective solutions to our clients for the past decade. Bowman brings scale, reach and resources to amplify our impact across fast growing markets. The combination of our technology-led expertise with their multidisciplinary platform creates a differentiated value proposition in the design of high-performance, future-ready infrastructure.�

Financed with a combination of cash, seller notes and a convertible note, the acquisition conforms with previously discussed target multiples and operating metrics. Bowman anticipates the acquisition will initially operate at an annualized net service billing run rate of approximately $2.0 million. More detailed information on M&A activities, pipeline and guidance updates are provided in connection with quarterly and annual communications.

About e3i Engineers, Inc.
Based in Boston, Massachusetts, e3i Engineers, Inc. is a specialized engineering and technology solutions firm dedicated to delivering technology solutions, design and project management services for data centers, sustainable and natural resources, mission critical and other technologically complex projects. The company has served both private and public clients throughout the U.S., U.K. and South America. For more information, visit .

About Bowman Consulting Group Ltd.
Headquartered in Reston, Virginia, Bowman is a national engineering services firm delivering infrastructure, technology and project management solutions to customers who own, develop and maintain the built environment. With over 2,400 employees in 100 locations throughout the U.S., Bowman provides a variety of planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the Nasdaq under the symbol BWMN. For more information, visit or .

Forward-Looking Statements

This press release may contain “forward-looking statements� within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact, including statements regarding our future results of operations and financial position, business strategy and plans and objectives for future operations, are forward-looking statements and represent our views as of the date of this press release. The words “anticipate�, “believe�, “continue�, “estimate�, “expect�, “intend�, “may�, “will�, “goal� and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to several assumptions and risks and uncertainties, many of which involve factors or circumstances that are beyond our control that could affect our financial results. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained in this news release. Such factors include: (a) changes in demand from the local and state government and private clients that we serve; (b) general economic conditions, nationally and globally, and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, or policies; and (e) the “Risk Factors� set forth in the Company’s most recent SEC filings. Considering these risks, uncertainties and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in any forward-looking statements. Except as required by law, we are under no obligation to update these forward-looking statements after the date of this press release, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.

Investor Relations Contact:
Betsy Patterson

General Media Contact:
Christina Nichols


FAQ

What company did Bowman Consulting (NASDAQ: BWMN) acquire in July 2025?

Bowman acquired e3i Engineers, a Boston-based firm specializing in data center design and energy infrastructure solutions.

How much data center space has e3i Engineers designed?

e3i Engineers has designed over 3.2 million square feet of data center space, including projects supporting AI, high density, and hyperscale requirements.

What is the expected revenue contribution from the e3i Engineers acquisition?

The acquisition is expected to operate at an annualized net service billing run rate of approximately $2.0 million.

How is Bowman financing the e3i Engineers acquisition?

The acquisition is being financed through a combination of cash, seller notes, and a convertible note.

What technical capabilities does e3i Engineers bring to Bowman?

e3i brings expertise in direct-to-chip cooling technology, fuel cells, battery storage, and microgrid solutions for data centers and mission-critical infrastructure.
Bowman Consulting Group Ltd.

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Engineering & Construction
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