Mergers & Acquisitions ·
Bowman Consulting discloses stockholder lawsuits seeking to enjoin $3.75B BCP merger
BWMNBowman Consulting Group Ltd.
Bowman Consulting Group Ltd. filed an 8-K supplementing its definitive proxy statement with updates on litigation related to the proposed merger with Bernhard Capital Partners (BCP). As of October 27, 2026, the company received demand letters and two complaints in New York Supreme Court alleging misleading statements regarding the transaction. The lawsuits seek to enjoin the merger or obtain rescission and damages. The filing also provides supplemental financial data from Bank of America Securities, including comparable transaction multiples ranging from 10.4x to 16.0x EV/EBITDA and an implied equity value range based on a $79 million Adjusted EBITDA for the twelve months ended June 30, 2026. The merger remains pending stockholder approval at a special meeting scheduled for November 4, 2026. Bowman Consulting Group Ltd. provides engineering, architecture, and construction management services.