M&A Deal Summary

Parsons Acquires BlackHorse Solutions

On June 10, 2021, Parsons acquired information technology company BlackHorse Solutions for 203M USD

Acquisition Highlights
  • This is Parsons’ 4th transaction in the Information Technology sector.
  • This is Parsons’ 5th largest (disclosed) transaction.
  • This is Parsons’ 11th transaction in the United States.
  • This is Parsons’ 5th transaction in Virginia.

M&A Deal Summary
Date 2021-06-10
Target BlackHorse Solutions
Sector Information Technology
Buyer(s) Parsons
Deal Type Add-on Acquisition
Deal Value 203M USD
Advisor(s) Raymond James - Investment Banking (Financial)
Cooley (Legal)

Target

BlackHorse Solutions

Herdon, Virginia, United States
BlackHorse Solutions is an operator of a technology company in the national security space with leading capabilities in cyber, electronic warfare, digital operations, artificial intelligence/machine learning, information operations, readiness support, and full-spectrum operations. BlackHorse Solutions was founded in 2008 and is based in Herndon, Virginia.

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Buyer(S) 1

Buyer

Parsons

Pasadena, California, United States
Category Company
Founded 1944
Sector Engineering
DESCRIPTION
Parsons office in Columbia, Maryland.
Parsons office in Columbia, Maryland.

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.

DEAL STATS #
Overall 12 of 17
Sector (Information Technology) 4 of 8
Type (Add-on Acquisition) 11 of 16
State (Virginia) 5 of 7
Country (United States) 11 of 16
Year (2021) 1 of 1
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-29 Braxton Science & Technology Group

Colorado Springs, Colorado, United States

Braxton Science & Technology Group is a wide variety of software products and professional services for government and commercial applications. Braxton Science & Technology Group is based in Colorado Springs, Colorado.

Buy $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-23 Xator

Reston, Virginia, United States

Xator is a provider of integrated security, intelligence, and information technology solutions to the U.S. Government and its support contractors. Xator was founded in 2005 and is based in Reston, Virginia.

Buy $400M
Mergr

Product

Company

Legal