The Bowman investment thesis is simple.
We are a profitable engineering services growth story. We intentionally operate a low-risk business model that serves attractive end markets and a diverse customer base. We are led by a committed and invested founder along with an experienced and cycle-tested executive team. Our long-term relationships with repeat customers and multi-year assignments provide reliable revenue visibility.
We are deliberate about managing risk. We exclusively provide professional and related services and do not engage in general contracting activities, either directly or through joint ventures, and therefore have no construction-related exposure. We are not a partner in any design-build construction projects, and we carry no equipment inventory. Our risk of contract loss is generally limited to the cost of internal labor associated with fixed fee, professional services assignments.
We have substantial acquisitions experience. Over the past ten years, we have successfully completed 37 acquisitions of engineering and consulting services companies. Two of our recent acquisitions in 2023 were Infrastructure Engineers in June, which bolstered our public sector infrastructure services practice in Southern California, and Richter & Associates, a Rockville, Maryland based professional services firm focused on dry utility infrastructure engineering. Our acquisition strategy is to identify targets that align with our culture, permit rapid integration, and present immediate opportunities across our platform for expanded services, revenue synergies, and work sharing efficiencies.
We are an agile, growth-oriented company committed to providing essential technical and professional services to a broad base of long-term and repeat customers. Our customers require recurring technical services to monetize and operate their assets, making us essential to their ongoing operations. With over 1,700 professionals in more than 75 offices around the country, we offer our customers professional depth in attractive geographic markets. We deliberately focus many of our business pursuits in environments where laws and regulations create a level of complexity that places a premium on the value of our services, thereby providing us openings to develop new customer loyalty through creative problem solving.
Our dedication to growth of opportunity for our employees has enabled us to attract and retain exceptional talent. We embody a set of cultural values that promote entrepreneurship, personal growth, and responsibility. We are committed to advancing diversity and inclusion in our workforce and believe we have built an organization uniformly aligned in its mission, values, purpose, and goals.