Bowman agrees to $43.00-per-share cash buyout by Bernhard Capital-affiliated buyers
Bowman Consulting Group agreed on August 10, 2026 to be acquired by Prive Parent, Inc. and Prive Merger Sub, Inc., which are affiliated with Bernhard Capital Partners, for $43.00 per share in cash. The company also reported second-quarter 2026 results, with gross contract revenue up 19.7% but net income down to $2.5 million from $6.0 million, and reaffirmed its full-year 2026 guidance.
Key points
- Merger Agreement signed August 10, 2026 with Prive Parent, Inc. and Prive Merger Sub, Inc., affiliated with Bernhard Capital Partners; each share converts to $43.00 in cash.
- Go-shop period runs until 5:00 p.m. Eastern time on September 13, 2026, allowing the company to solicit competing acquisition proposals.
- Closing requires stockholder approval, the Hart-Scott-Rodino waiting period and other conditions; the company expects closing in Q4 2026 or Q1 2027, after which shares would be delisted from Nasdaq.
- Q2 2026 gross contract revenue was $146.1 million, up from $122.1 million; net income was $2.5 million versus $6.0 million, and basic EPS was $0.15 versus $0.35. The six-month period showed a net loss of $1.2 million.
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 10, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.