Company: BWMN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001628280-25-012365
Chunk: 86

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 86
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 but are not limited to, program management, energy management and data management and analytics.

We have built a scalable organizational infrastructure that can accommodate significant growth without requiring a proportionate increase in overhead expense. We have invested time and resources in developing our accounting and financial systems, integration expertise, management reporting processes, human capital development programs and information technology infrastructure. As we grow the size and scale of the company, we expect to expand operating margins by leveraging our investments and general overhead structure over a larger labor pool.

Organic Growth

We engage all our employees in our commitment to responsible growth by encouraging responsible freedom, entrepreneurial spirit, innovative thinking, and collaborative business development through cross-selling and revenue capture. Throughout the organization, our employees, leaders and managers are provided opportunities to be invested in our success through equity participation and incentives that are targeted to reward organic growth and successful execution. As a public company, we believe in using our publicly traded equity as a component of our compensation strategy. Creative use of growth-connected and retention-oriented equity incentives along with a commitment to maintaining our core culture are key to the entrepreneurial spirit that we believe will drive our organic growth.

Acquisitive Growth

We maintain an active engagement with prospective acquisition targets and business brokers. The theme of our acquisition initiatives is adjacency, whereby we identify companies that provide customer, geographic, service line, skillset and culture that are aligned adjacently with our business and our growth objectives. We maintain full-time, in-house acquisitions, diligence, and integrations teams and have developed a robust network of third-party representatives working on our behalf to identify future acquisition targets that meet our strategic goals. We maintain a dynamic pipeline driven by general market awareness of our demand for acquisition, existing relationships we have cultivated, and deliberately directed activity of our representatives. We believe that our proven track record, ownership culture, and unyielding commitment to preserving a uniquely entrepreneurial culture as we grow will provide us a competitive edge with acquisition targets as a desirable transaction partner. We generally impose stringent criteria to the evaluation of targets including:

•Advances one or more of our strategic growth objectives

•Provides opportunities for cross-selling

•Embodies a culture that is entrepreneurial and compatible with ours

•Serves a funded infrastructure spending category

•Is accretive to our leadership and executive talent pool

•Creates technology advancement and service delivery improvement opportunities

•Aligns with our capital allocation strategy and risk tolerance profile

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Table of Content

Although we generally apply rigorous financial discipline in the execution of our acquisition program, purchase price is not always the primary