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M&A Deal Summary

Parsons Acquires CTI

On July 1, 2025, Parsons acquired information technology company CTI from Bluestone Investment Partners for 89M USD

Acquisition Highlights
  • This is Parsons’ 9th transaction in the Information Technology sector.
  • This is Parsons’ 8th largest (disclosed) transaction.
  • This is Parsons’ 18th transaction in the United States.
  • This is Parsons’ 2nd transaction in Maryland.

M&A Deal Summary
Date 2025-07-01
Target CTI
Sector Information Technology
Buyer(s) Parsons
Sellers(s) Bluestone Investment Partners
Deal Type Add-on Acquisition
Deal Value 89M USD

Target

CTI

California, Maryland, United States
CTI is a provider of high-end software and systems development products for the defense and intelligence communities. CTI is based in California, Maryland.

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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 19 of 20
Sector: Information Technology M&A 9 of 9
Type: Add-on Acquisition M&A Deals 18 of 19
State: Maryland M&A 2 of 2
Country: United States M&A 18 of 19
Year: 2025 M&A 2 of 3
Size (of disclosed) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-04 TRS Group

Indianapolis, Indiana, United States

TRS Group is a provider in per and polyfluoroalkyl substances (PFAS), thermal, and holistic environmental remediation, having cleaned hazardous and toxic substances from soil, groundwater, and fire suppression systems for global clients. TRS Group was formed in 2000 and is headquartered in Indianapolis, Indiana.

Buy $36M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-02 Applied Sciences

Tampa, Florida, United States

Applied Sciences works closely with agencies across Florida to deliver solutions that protect and advance the region’s water infrastructure resilience. Applied Sciences is based in Tampa, Florida.

Buy -

Seller(S) 1

SELLER

Bluestone Investment Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2018
PE ASSETS 100M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Bluestone Investment Partners is a private equity firm focused on the defense and government services sectors. The Firm looks to identify mid-sized opportunities where it can assist with growth initiatives, strategy, and identify add-ons. Bluestone Investment was established in 2018 and is based in McLean, Virginia.

DEAL STATS #
Overall 5 of 5
Sector: Information Technology M&A 4 of 4
Type: Add-on Acquisition M&A Deals 4 of 4
State: Maryland M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2025 M&A 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-11 cBEYONData

Lorton, United States

cBEYONData is a professional services and solutions company specializing in supporting mission-driven agencies and organizations with the enhancement and automation of business processes, cloud migrations and enablement, business intelligence, data management and warehouses, data analytics, and agile project and process management. cBEYONData is based in Lorton, Virginia.

Sell -
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