M&A Deal Summary

Parsons Acquires IPKeys Power Partners

On March 14, 2023, Parsons acquired information technology company IPKeys Power Partners for 43M USD

Acquisition Highlights
  • This is Parsons’ 6th transaction in the Information Technology sector.
  • This is Parsons’ 8th largest (disclosed) transaction.
  • This is Parsons’ 13th transaction in the United States.
  • This is Parsons’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2023-03-14
Target IPKeys Power Partners
Sector Information Technology
Buyer(s) Parsons
Deal Type Add-on Acquisition
Deal Value 43M USD

Target

IPKeys Power Partners

Eatontown, New Jersey, United States
IPKeys Power Partners is a provider of cyber-secure Internet Protocol ("IP") technology and communications systems to public and private entities in the energy, DOD, federal, and commercial sectors. IPKeys Power Partners was founded in 2005 and is based in Eatontown, New Jersey.

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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 14 of 17
Sector (Information Technology) 6 of 8
Type (Add-on Acquisition) 13 of 16
State (New Jersey) 1 of 1
Country (United States) 13 of 16
Year (2023) 1 of 2
Size (of disclosed) 8 of 8
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-23 SealingTech

Columbia, Maryland, United States

SealingTech focuses on protecting and defending its customers’ networks and systems through innovative research, products, engineering, and integration services for the Internet of Things (IoT), edge combat operations, AI and ML, and cloud industries. The company delivers cybersecurity solutions across defensive cyber operations, critical infrastructure network protection, and secure data management. SealingTech was founded in 2012 and is based in Columbia, Maryland.

Buy $200M
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