Member News

Middlesex 3 Members McMahon Associates, Inc. Merges with Bowman Company.

Bowman expects the McMahon acquisition to initially contribute approximately $28 million of annualized transportation infrastructure-related net service billing and be immediately accretive. Structured as a stock purchase with a joint election under Section 338(h)(10) of the Internal Revenue Code, the $18.5 million acquisition price was financed with a combination of cash, seller notes and approximately 477,000 shares of restricted common stock of Bowman subject to a six-month lock-up agreement. Determination of the final acquisition cost is subject to customary post-closing purchase price accounting. 

“McMahon is well respected throughout the transportation field and will be an outstanding addition to our firm,” said Gary Bowman, CEO of Bowman. “Their leadership and team of consummate professionals bring tremendous value to our staff, our clients and our shareholders. As we have gotten to know McMahon’s business, we have become highly confident that this complementary combination will have a long-term positive impact that will be much greater than the sum of the parts.”

“The array of transportation services we can collectively provide our clients will continue to grow as client needs dictate, while we continue to deliver on our commitment to personalized attention on every project,” added Bowman. “The addition of McMahon will provide a broad platform from which to continue growing our share of the transportation market throughout the nation. We are just getting started on our 2022 acquisition program and I am pleased that we continue to deliver on our commitment to strategic growth initiative in such a meaningful way. Everyone at Bowman joins me in welcoming the employees, clients and business partners of McMahon.”

“For over 45 years, McMahon has specialized in delivering forward-looking transportation, planning, engineering and technology solutions to our clients”, said Joseph DeSantis, President and CEO of McMahon. “Our success is the result of the commitment and dedication of our employees, many of whom have been with the firm for most of their professional careers. Bowman is a well-established and culturally compatible firm with services that are complementary to ours. By joining up with Bowman we gain access to new resources and technologies that allow for an even greater investment in the delivery of innovative transportation solutions to our clients while continuing to offer the same personal attention and trusted relationships our clients have come to expect from us.”

“This partnership between McMahon and Bowman highlights the alignment of our cultures, our focus on growth and opportunity for our people, and our combined entrepreneurial spirit,” added DeSantis.  “McMahon has always been thankful for our clients and committed to contributing to our communities. We look forward to continuing in this fashion with Bowman’s first-rate organization.”

“This is our second acquisition in 2022 and is a significant step toward our stated goal of acquiring $75 million of annualized net revenue this year,” said Bruce Labovitz, Bowman’s CFO. “The addition of McMahon nearly triples our transportation infrastructure business which will, over time, meaningfully impact our composition of revenue by market. While the acquisition is within our target multiple range, we believe McMahon’s operating margins will benefit from being part of Bowman and ultimately improve the effective multiple. As is our practice, we will provide more detailed information on our M&A activities and communicate updates to guidance in connection with scheduled quarterly communications.”

About McMahon Associates, Inc.

Since 1976, McMahon has specialized in delivering a broad array of innovative transportation planning and engineering services to private and public sector clients. The firm has built trusted and lasting relationships by surpassing the expectations of its clients. With over 200 dedicated professionals working out of 15 offices throughout the East Coast, McMahon has the talent, experience, and expertise to take on any transportation challenge. Additional information on McMahon, its team, and its projects can be found at mcmahonassociates.com.

Lowell General Women’s Wellness Series Fall 2022: Caring for Your Breast Health

Throughout 2022, the Philanthropy team at Lowell General Hospital will host events to bring awareness to key issues that women may face with their health and wellness. 

In October, they will be talking about caring for your breast health. With featured speaker are Dr. Lerna Ozcan, Riverside Surgical Associates and Dr. Jill Steinkeler, Commonwealth Radiology Associates. 

These events will be Free!

Location: UMass Lowell Inn and Conference Center, 50 Warren St, Lowell, MA

Minuteman High School Elects A New Superintendent

The Minuteman Regional Vocational Technical School Committee voted to appoint Dr. Kathleen A. Dawson as the new Superintendent-Director of the Minuteman Regional Vocational Technical School District. Dawson’s agreed upon 3 year long agreement is effective July 1st, 2022. Dr. Dawson will be succeeding Dr. Edward A. Bouquillon, who is retiring after 15 years of leading the Minuteman district (Acton, Arlington, Bolton, Concord, Dover, Lancaster, Lexington, Needham and Stowe).

Coming to Minuteman all the way from being Deputy Superintendent of the Orange County School District in North Carolina. She received her Master’s in Education in 2001 from Harvard University and her Ed.D from the University of Pennsylvania in 2015. Dawson grabbed the Committee’s attention with her vast career experiences and her creative approaches to build upon Minuteman’s mission to provide high-quality career and technical education.

We look forward to watching how Dr. Kathleen A. Dawson improves the district in the next 3 years!

Pedal to Work and Win! Join the Bike Month Challenge

September is bike month in Massachusetts and M3 Coalition & M3 TMA members are invited to take this month’s Bicycle Challenge! Pedal to work and log your miles. Each trip gets you closer to winning a $50 gift card!

All participants will automatically be entered and qualify for even more prizes as part of the statewide MassCommute Bicycle Challenge (MCBC), September 19 – 26, 2021. No need to enter your biking trips twice! 

Click the button below to take the challenge!

Town of Bedford

Bedford Business Update – August 20th, 2021

Read in full detail the town of Bedford’s business updates here.

The updates include the following topics:

Temporary Outdoor Dining Program Extended to April 2022

New Businesses in Town

Bedford Cultural District Tour

B2 LIFE Job Training Program Expansion for Residents and Employees

Three Commercial Districts One Bike Trail

Middlesex Turnpike Improvements Project

MBTA 351 Bus Service Returning

Trahan and Becerra at Lowell General

Congresswoman Trahan Welcomes Secretary Becerra to Our District

This week, Congresswoman Lori Trahan welcomed U.S. Department of Health and Human Services Secretary Xavier Becerra to our district to see the incredible ways local community health centers,hospitals and youth success organizations have supported our community throughout this pandemic. Read the full write up of their visit to Lowell General Hospital here.

Congresswoman Trahan and Secretary Becerra also sat down with UTEC leaders as well as state and local partners to highlight federally supported programs with a proven track record of reducing youth recidivism and addressing gun violence in Lowell, Lawrence, and Haverhill. Read the full press release here.

Third Covid-19 Vaccine

Third Dose of COVID-19 Vaccine Now Allowed for Certain Immunocompromised Individuals

On August 13, 2021 the Centers for Disease Control and Prevention (CDC) provided new recommendations for the mRNA (Pfizer and Moderna) COVID-19 vaccines for moderately to severely immunocompromised people. The CDC now recommends a third dose of the Pfizer or Moderna COVID-19 vaccine for these individuals.

The Chest and Immunization Center at the Lowell General Saints Campus will begin administering third doses of mRNA COVID-19 vaccine to moderately to severely immunocompromised individuals beginning Monday, August 23, 2021. Vaccinations for community members are available by appointment only. Appointments can be made by calling our Central Scheduling Department at 978-937-6023.

Please note: The Chest and Immunization Center will primarily offer the Pfizer vaccine. If a community member received the Moderna vaccine for their first and second doses, they should visit vaxfinder.mass.gov to find a location that offers that option near them.

What is the difference between an additional dose and a booster dose?

Additional dose after a primary series: An additional dose of vaccine is administered when the immune response following a primary vaccine series is likely to be insufficient, as in the case of immunocompromised patients. The third dose should be the same vaccine as the first two. Those who got Pfizer for their first two doses should get Pfizer for their third and the same with Moderna. At present, there are no recommendations for an additional dose of the Johnson & Johnson (Janssen) vaccine.

Booster dose: Initial immune response to a primary vaccine series is thought to be sufficient; however, an additional dose of vaccine is administered when the initial immune response to a primary series is likely to have waned over time.

Business Development Strategies

Business Development Strategies Assists Catania Olis as they Expand in Massachusetts

Business Development Strategies Assists to Secure Tax Incentives for Leading Edible Oils Manufacturer.

When Catania Oils needed to expand its manufacturing footprint, create more jobs, invest an estimated $14 million, and offset anticipated project costs, they turned to one of the state’s leading government tax incentives consulting firms: Business Development Strategies, Inc. (BDS) led by Lynn Tokarczyk. Read the full write-up here.