Divestiture • Software

Parsons Acquires Braxton Science & Technology Group

On October 29, 2020, Parsons acquired software company Braxton Science & Technology Group from The O Neil Group Co. for 300M USD

Acquisition Context
  • This is Parsons’ 1st transaction in the Software sector.
  • This is Parsons’ 2nd largest (disclosed) transaction.
  • This is Parsons’ 10th transaction in the United States.
  • This is Parsons’ 1st transaction in Colorado.

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M&A Deal Summary

Date October 29, 2020
Target Braxton Science & Technology Group
Sector Software
Buyer(s) Parsons
Sellers(s) The O Neil Group Co.
Deal Type Divestiture
Deal Value 300M USD
Advisor(s) KippsDeSanto (Financial)

Target Company

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.
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Buyer Overview 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 Context for Buyer #
Overall 11 of 20
Sector: Software 1 of 1
Type: Divestiture 1 of 1
State: Colorado 1 of 1
Country: United States 10 of 19
Year: 2020 1 of 1
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-22 QRC Technologies

Fredericksburg, Virginia, United States

QRC Technologies, Inc. designs and develops a host of open architecture Radio Frequency (RF) products and provides comprehensive integrated solutions primarily for government, military, and law enforcement agencies. QRC’s products are employed globally on a myriad of manned, unmanned, and autonomous platforms and labs. QRC was founded in 1987 and is headquartered in Fredericksburg, Virginia.

Buy $215M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-10 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.

Buy $203M

Seller Profile 1

SELLER

The O Neil Group Co.

Colorado Springs, Colorado, United States

Category Company
Founded 2007
Sector Real Estate
DESCRIPTION

The O'Neil Group Co. LLC is a specializing in property management and lighting services.


Deal Context for Seller #
Overall 1 of 1
Sector: Software 1 of 1
Type: Divestiture 1 of 1
State: Colorado 1 of 1
Country: United States 1 of 1
Year: 2020 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-14 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 -