Bowman has entered into a definitive purchase agreement to acquire e3i Engineers, a Boston, Massachusetts-based firm specializing in the design of data centers, energy infrastructure and emerging technology applications. The acquisition enhances Bowman’s ability to support clients with increasingly complex inside-the-data-center engineering needs, building on its existing strength in site planning, civil design and utility infrastructure.
e3i Engineers has built a solid reputation over the past decade for its work supporting data centers and other mission-critical infrastructure across the U.S. The firm’s portfolio includes more than 3.2 million square feet of designed data center space, including projects supporting AI, high density and hyperscale requirements. e3i has been an early adopter of technical innovations including direct-to-chip (DtoC) cooling, known as cold plate technology, that minimizes transformation and distribution losses and costs. They also provide turnkey engineering solutions for fuel cells, battery storage and microgrids for resilient, low-carbon energy systems.
“The acquisition of e3i is a strategic step forward as we expand our footprint beyond site and civil infrastructure and further into the heart of the data center,” said Gary Bowman, founder and CEO of Bowman. “e3i has been instrumental in the evolution of AI-optimized data center design where their technical offerings have improved performance standards across mission-critical infrastructure. Their forward-thinking approach has advanced how data centers are engineered. e3i brings specialized expertise that strengthens our technical offering for clients building AI-enabled, high-density and energy-intensive environments. These capabilities complement our platform and help position us for long-term growth in data, digital and distributed energy markets.”
“We’ve always believed that engineering should be a force for what’s next,” said William Leuci, president of e3i. “Like Bowman, we are a partner-driven firm which has enabled us to deliver unique and cost-effective solutions to our clients for the past decade. Bowman brings scale, reach and resources to amplify our impact across fast growing markets. The combination of our technology-led expertise with their multidisciplinary platform creates a differentiated value proposition in the design of high-performance, future-ready infrastructure.”
Financed with a combination of cash, seller notes and a convertible note, the acquisition conforms with previously discussed target multiples and operating metrics. Bowman anticipates the acquisition will initially operate at an annualized net service billing run rate of approximately $2.0 million. More detailed information on M&A activities, pipeline and guidance updates are provided in connection with quarterly and annual communications.
About e3i Engineers, Inc.
Based in Boston, Massachusetts, e3i Engineers, Inc. is a specialized engineering and technology solutions firm dedicated to delivering technology solutions, design and project management services for data centers, sustainable and natural resources, mission critical and other technologically complex projects. The company has served both private and public clients throughout the U.S., U.K. and South America. For more information, visit https://e3i-inc.com.
