Underground Infrastructure - July 2023 - 46

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will benefi t from our national platform, "
said Gary Bowman, CEO of Bowman. " Most
importantly, their culture aligns seamlessly
with ours which will enable immediate
work-sharing and collaboration. "
For Bob Mulhere, CEO of Hole Montes, this
is " the right, next step for our leadership, our
employees and our customers. Bowman's
professional development programs and
national platform provide growth and
expansion opportunities for our people which
makes this a very attractive opportunity for
all of us at Hole Montes. We're excited to
accelerate our growth and to contribute our
expertise to Bowman's portfolio of services. "
Financed with a combination of cash, seller
notes, and equity, the acquisition falls within
previously discussed target multiple and
operating metric ranges, and is expected to be
immediately accretive. Bowman anticipates the
acquisition will initially contribute approximately
$7 million of annualized net service billing.
Bowman also acquired Advanced Applied
Engineering, Inc., dba Infrastructure Engineers.
The Brea, Calif., fi rm provides a breadth
of professional engineering, planning,
environmental, geospatial, and municipal
infrastructure services to cities and counties
throughout Southern and Central California.
Established in 1994, the fi rm has grown
to a staff of over 80 administrative and
technical professionals, all of whom will
become Bowman employees in connection
with the acquisition.
" We are excited to be expanding our
presence in California and believe this
acquisition presents immediate opportunities
across our platform for expanded services,
revenue synergies, and work sharing
effi ciencies, " said Bowman
According to Sid Mousavi, president of
Infrastructure Engineers, " Bowman is a
natural fi t for our fi rm ... We have a depth of
experience with public sector infrastructure
that will provide Bowman a solid foundation
from which to grow that market nationally.
" We believe strongly that both our clients
and our employees will benefi t greatly from
the extensive network of resources and
professional development programs Bowman
has access to across the country. We are
looking forward to being a contributor to the
next chapter of the Bowman story. "
46 JULY 2023 | UndergroundInfrastructure.com
The Company anticipates the acquisition will
initially contribute approximately $10 million of
annualized net service billing.
Headquartered in Reston, Virginia, Bowman
is an engineering services fi rm delivering
infrastructure solutions to customers
who own, develop, and maintain the built
environment. With over 1,700 employees and
more than 75 offi ces throughout the United
States, 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.
GZA GeoEnvironmental
Todd Roberts was named
vice president/associate
principal in the Contractor
Services Division of
Norwood, Mass., GZA
GeoEnvironmental, Inc.
He is based in Boulder, Colo, further
expanding GZA's services in the western U.S.
In his new role, Roberts supports GZA
professionals in offi ces throughout the country
in delivering end-to-end monitoring and IoT
solutions for clients in transportation, water,
environmental, mining, energy, and geostructural
applications.
A registered professional geologist in
Wyoming, Roberts has more than 20 years of
experience in instrumentation, geotechnical
engineering, geological modeling and hazard
mitigation, and packaging of digital solutions.
During his career, he has developed a wide variety
of instrumentation solutions to support the
successful completion of hundreds of projects
in the infrastructure, utility, mining, dam, energy,
geohazards, and structural health monitoring
sectors across the world.
Stephen Chiavaroli was
named senior geographic
information systems (GIS)
manager, responsible for
advancing existing core
services and helping
develop new approaches to meet the
growing needs of GTZA's clients.
A certifi ed GIS Professional (GISP), Chiavaroli
has almost a decade of experience integrating
geographic information systems analysis capabilities
with several disciplines, including environmental
consulting and engineering, aquatic
control technologies, water conservation, golf
course management, wildlife conservation,
vegetation monitoring, and satellite imagery.
Previously, he was a GIS manager at the
historic Mount Auburn Cemetery in Cambridge,
Mass., where he undertook strategic analyses
that created revenue growth and maximized use
of available and suitable grounds for operations
and services at the 192-year-old cemetery.
GZA is a multi-disciplinary, employee-owned
fi rm providing geotechnical, environmental,
ecological, water, and construction management
services. Its more than 700 professionals
are based in 32 offi ces across the United States.
GTI
GTI Energy's Board of
Directors has elected
Tina Faraca to serve a
three-year term on the Board
as an independent director.
Serving as president of
U.S. Natural Gas Pipelines for TC Energy,
Faraca brings more than two decades of
leadership in natural gas and crude systems,
along with deep commercial and operational
understanding of natural gas transmission,
transportation, and storage.
She also currently serves on the Board of
Trustees for the United Way Greater Houston
and has served on the boards of the Interstate
Natural Gas Association of America, the Texas
Pipeline Association, the Petroleum Alliance of
Oklahoma, the Northeast Gas Association, and
the Engineering Leadership Board for the University
of Houston Cullen College of Engineering.
" I'm grateful for the opportunity to serve on
the Board of Directors at GTI Energy, a leader
in research, technology, and insights critical
to our energy future, " she said. " I look forward
to bringing my perspectives and experiences
to the table to support the organization as it
continues advancing impactful solutions to
transform lives, economies, and the environment
across the globe. "
GTI Energy is a leading research and training
organization that works to scale impactful solutions
that shape energy transitions by leveraging
gases, liquids, infrastructure, and effi ciency. It
embraces systems thinking, open learning, and
collaboration to develop, scale, and deploy the
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Underground Infrastructure - July 2023

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