Bowman Consulting go-shop expires with no rival bids; $43.00 Bernhard buyout
The 35-day go-shop period for Bowman Consulting's merger with entities affiliated with Bernhard Capital Partners expired at 5:00 p.m. Eastern Time on September 13, 2026, with no alternative proposals received. Under the all-cash deal at $43.00 per share, the company is now subject to customary no-shop restrictions, and the transaction is still expected to close in the fourth quarter of 2026, subject to shareholder and regulatory approvals.
Key points
- Go-shop period expired at 5:00 p.m. ET on September 13, 2026; no proposals were received before expiration.
- The company contacted 76 potentially interested parties and entered confidentiality agreements with 8 of them.
- Bernhard will acquire Bowman for $43.00 per share in cash, an enterprise value of about $1.0 billion and a premium of about 58% to the unaffected August 7, 2026 closing price.
- The transaction is expected to close in the fourth quarter of calendar 2026, subject to stockholder approval and regulatory approvals.
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 September 14, 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.