Bowman Consulting Acquires RPT Alliance for $59.7 Million

Written by Emily J. Thompson, Senior Investment Analyst

Updated: Dec 08 2025

0mins

Should l Buy BWMN?

Last night, the company stated: "Bowman Consulting announced the acquisition of Houston-based RPT Alliance, a leading designer of natural gas transmission facilities and power generation infrastructure, including microgrid and bridging power installations for data centers, large industrial power consumers and utility operators. The acquisition marks another milestone in Bowman's effort to expand its power and utilities practice through scalable, high-value services that position the company to capture increasing share of the markets transforming the modern energy generation and provisioning landscape. The $59.7 million transaction was financed with cash and a seller note. The company projects RPT will contribute approximately $22-24 million in annualized net service billing in 2026 and be accretive to earnings. More detailed information on M&A activity and guidance updates will be provided in connection with the next scheduled earnings communication."

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Analyst Views on BWMN

Wall Street analysts forecast BWMN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BWMN is 44.60 USD with a low forecast of 40.00 USD and a high forecast of 50.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

5 Analyst Rating

4 Buy

1 Hold

0 Sell

Strong Buy

Current: 33.540

Low

40.00

Averages

44.60

High

50.00

Current: 33.540

Low

40.00

Averages

44.60

High

50.00

JPMorgan

Tomohiko Sano

Neutral

initiated

$40

2026-01-09

Reason

JPMorgan

Tomohiko Sano

Price Target

$40

AI Analysis

2026-01-09

initiated

Neutral

Reason

JPMorgan analyst Tomohiko Sano initiated coverage of Bowman Consulting with a Neutral rating and $40 price target. The firm sees a balanced risk/reward at current share levels. Bowman's exposure to fixed-price contracts and public sector funding "means even small changes can materially impact margins and revenue stability," the analyst tells investors in a research note.

Roth Capital

Jeff Martin

Buy

maintain

$45 -> $50

2025-12-08

Reason

Roth Capital

Jeff Martin

Price Target

$45 -> $50

2025-12-08

maintain

Buy

Reason

Roth Capital analyst Jeff Martin raised the firm's price target on Bowman Consulting to $50 from $45 and keeps a Buy rating on the shares after the company's acquisition of RPT Alliance. The acquisition enhances Bowman's growth and margin profile while enhancing its capabilities in Power & Utilities, the analyst tells investors in a research note. The firm's higher assumed valuation is also a "justifiable premium" to the peer group given the superior growth profile, Roth added.

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About BWMN

Bowman Consulting Group Ltd. is a national engineering services company. The Company is engaged in delivering infrastructure, technology and project management solutions to customers who own, develop and maintain the built environment. It 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. It works as both a prime and sub-consultant for a base of public and private sector customers that generally operate in regulated environments. Its public sector assignments originate from customers that are transportation departments, utilities, government agencies, military branches, water authorities and other general public infrastructure operators. Its private sector customers include owners and operators from multiple industries, such as investor-owned utilities, participants in the renewable energy and others.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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Bowman Consulting (BWMN) Acquires RPT Alliance, Enters Bridging Power Engineering Market

Dec 16 2025Globenewswire

Acquisition Celebration: Bowman Consulting will ring the Nasdaq closing bell on December 19, 2025, to celebrate its acquisition of RPT Alliance, marking the company's successful entry into the bridging power engineering market, which is expected to positively impact its business diversification.
Leadership Team Participation: Founder and CEO Gary Bowman will join the leadership team and RPT Alliance co-founders in this ceremony, showcasing the company's commitment to the new market and enhancing investor confidence.
Market Expansion Strategy: This acquisition will significantly enhance Bowman's service capabilities in the power engineering sector, likely attracting more clients and increasing market share, thereby driving future growth potential for the company.
Strengthened Industry Influence: With over 2,500 employees across the U.S., the acquisition of RPT Alliance will further solidify Bowman's position in the infrastructure and technology services sector, helping the company stand out in a competitive market.

Bowman Consulting Acquires RPT Alliance, Enters Power Engineering Market

Dec 16 2025Newsfilter

Acquisition Celebration: Bowman Consulting will ring the Nasdaq closing bell on December 19, 2025, to celebrate its acquisition of RPT Alliance, marking the company's official entry into the power engineering market, which is expected to enhance its competitive position.
Leadership Team Participation: Founder and CEO Gary Bowman will join the company's leadership team and RPT Alliance co-founders in this ceremony, showcasing the company's commitment to the new market and team cohesion.
Market Expansion Strategy: This acquisition not only enriches Bowman's service portfolio but also expands its business into the power engineering sector, which is anticipated to generate new revenue streams and customer bases for the company.
Industry Impact: With over 2,500 employees across the U.S., Bowman Consulting's acquisition of RPT Alliance will further solidify its leadership in infrastructure and technical services, driving growth in diverse regulated markets.