Parsons - M&A Summary and Business Overview

EngineeringCompany

Parsons M&A Summary

Parsons has acquired 17 companies, including 9 in the last 5 years. A total of 4 acquisitions came from private equity firms.

Parsons’ largest acquisition to date was in 2022, when it acquired Xator for $400M. Parsons has acquired in 7 different US states, and 2 countries. The Company’s most targeted sectors include information technology (48%) and business services (12%).

Parsons Business Overview

Where is Parsons headquartered?

Parsons is headquartered in Pasadena, California.

What sector is Parsons in?

Parsons is an engineering company.

When was Parsons founded?

Parsons was founded in 1944.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity17
  • Total Sectors Invested 8
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 5
  • M&A Advisors 6

Parsons Corp.

100 West Walnut Street,
Pasadena, California 91124
United States,
(626) 440-2000
www.parsons.com

Parsons is an engineering and construction company with a focus on transportation, environmental/infrastructure, defense/security, and resources. The Company provides a variety of design, design-build, construction management, and other professional services packaged in alternative delivery methods to federal, regional, and local government agencies, as well as to private industrial customers worldwide. Parsons was formed in 1944 and is based in Pasadena, California.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.4/yr) # 10 1 1 1 2 2 17
vol $215M $300M $203M $400M $243M $430M $1.8B
Sell (0.0/yr) # - - - - - - 0
  17

Most Recent M&A

Company Date Value Type
BCC Engineering LLC 2024-10-21 230M USD Add-on Acquisition
Miami, Florida · www.bcceng.com
BlackSignal Technologies LLC 2024-07-30 200M USD Add-on Acquisition
Chantilly, Virginia · www.blacksignal.tech
Sealing Technologies, Inc. 2023-08-23 200M USD Add-on Acquisition
Columbia, Maryland · www.sealingtech.com
IPKeys Power Partners LLC 2023-03-14 43M USD Add-on Acquisition
Eatontown, New Jersey · www.ipkeyspowerpartners.com
Xator Corp. 2022-05-23 400M USD Add-on Acquisition
Reston, Virginia · www.xatorcorp.com
BlackHorse Solutions, Inc. 2021-06-10 203M USD Add-on Acquisition
Herdon, Virginia · www.blackhorsesolutions.com
Braxton Science & Technology Group LLC 2020-10-29 300M USD Divestiture
Colorado Springs, Colorado · www.bstgllc.com
QRC LLC 2019-07-22 215M USD Add-on Acquisition
Fredericksburg, Virginia · www.qrctech.com
OGSystems LLC 2019-01-08 - Add-on Acquisition
Chantilly, Vermont · www.ogsystems.com
Polaris Alpha 2018-05-21 - Add-on Acquisition
Fredericksburg, Virginia · www.polarisalpha.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Information Technology 8 (47%) 1.0B (58%) - -
Business Services 2 (12%) - - -
Construction 2 (12%) - - -
Aerospace 1 (6%) - - -
Electrical Equipment 1 (6%) - - -
Engineering 1 (6%) 230M (13%) - -
Software 1 (6%) 300M (17%) - -
Technology Hardware 1 (6%) 215M (12%) - -
Total 17 $1.8B - -

By Geo

State/Country Buy Value Sell Value
United States 16 1.8B - -
  Virginia 7 1.0B - -
  California 3 - - -
  Florida 2 230M - -
  Vermont 1 - - -
  New Jersey 1 43M - -
  Maryland 1 200M - -
  Colorado 1 300M - -
Canada 1 - - -
  Ontario 1 - - -
Domestic 16 (94%) 1.8B (100%) - -
Cross-border 1 (6%) - - -
Total 17 $1.8B - -

Top M&A Advisors

Financial Deals
Goldman Sachs
4
Robert W. Baird & Co., Inc.
1
BofA Securities
1
Legal Deals
Latham & Watkins
5
Jenner & Block
2

Deal Values

buy # Total
$100M to $1B 7 $1.7B
< $100M 1 $43M
TOTAL $1.8B
Largest Xator Corp.
$400M (2022-05-23)

M&A Connections

Deals
Acquired from
Investor(s)
24%
4 (24%)
Strategic(s)
6%
1 (6%)

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