Bowman Consulting Group Ltd. (BWMN) announced that its stockholders have approved the previously disclosed merger agreement with Prive Parent, Inc., an affiliate of Bernhard Capital Partners (BCP). The approval was secured at a special meeting of stockholders on November 4, 2026, marking a key step toward the completion of the acquisition.
Key Details
- Merger Proposal Approval: Stockholders voted to adopt the merger agreement with 13,983,871 votes in favor, 8,934 against, and 15,435 abstentions.
- Transaction Structure: The merger, originally agreed upon on August 10, 2026, will result in Bowman becoming a wholly owned subsidiary of the BCP-affiliated entity.
- Next Steps: The transaction's closing remains subject to the satisfaction or waiver of remaining customary closing conditions outlined in the merger agreement.