M&A Deal Summary

Parsons Acquires QRC Technologies

On July 22, 2019, Parsons acquired technology hardware company QRC Technologies from DC Capital Partners for 215M USD

Acquisition Highlights
  • This is Parsons’ 1st transaction in the Technology Hardware sector.
  • This is Parsons’ 4th largest (disclosed) transaction.
  • This is Parsons’ 9th transaction in the United States.
  • This is Parsons’ 4th transaction in Virginia.

M&A Deal Summary
Date 2019-07-22
Target QRC Technologies
Sector Technology Hardware
Buyer(s) Parsons
Sellers(s) DC Capital Partners
Deal Type Add-on Acquisition
Deal Value 215M USD
Advisor(s) Kaye Scholer LLP
Arnold & Porter (Legal)

Target

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.

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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 10 of 17
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 10 of 16
State (Virginia) 4 of 7
Country (United States) 9 of 16
Year (2019) 2 of 2
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-08 OGSystems

Chantilly, Vermont, United States

OGSystems LLC is a solutions provider with advanced technologies in geospatial intelligence, big data analytics, and threat mitigation. OGSystems' advanced hardware solutions include the PeARL family of sensors, combining industry-leading camera and optic lens technologies with our software solutions, yielding precise, very high-resolution 2D and 3D aerial imagery. OGSystems LLC was founded in 2004 and is based in Chantilly, Virginia.

Buy -
FOLLOWING 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

Seller(S) 1

SELLER

DC Capital Partners

Alexandria, Virginia, United States
Category Private Equity Firm
Founded 2007
PE ASSETS 450M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DC Capital Partners is a private equity firm focused on making control investments in mid-sized businesses that serve the US federal government. Specific areas of interest include defense, aerospace, intelligence, homeland security, information technology and other operations/maintenance services. The Firm's target investment size is $25 to $75 million. DC Capital Partners was formed in 2007 and is based in Alexandria, Virginia.

DEAL STATS #
Overall 3 of 3
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Virginia) 3 of 3
Country (United States) 3 of 3
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-22 Pond

Peachtree Corners, Georgia, United States

Pond is a provider of engineering and consulting services, including, but not limited to design, planning, architecture, construction, and program management. Pond has 20 offices and over 550 employees globally assisting federal, state and local government and commercial clients in federal, transportation, energy and industrials end markets. Pond was founded in 1965 and is based in Peachtree Corners, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-03 Tresys Technology

Columbia, Maryland, United States

Tresys Technology is a provider of comprehensive cybersecurity solutions that meet the challenges of the most demanding environments in the world. Tresys solutions safeguard classified government networks and ensure the secure delivery of critical industrial, financial and operational data. Along with unparalleled industry expertise, Tresys’ certified and accredited products protect information and ensure that the appropriate data gets to the correct location in a timely and secure manner. Tresys Technology was founded in 1999 and is based in Columbia, Maryland.

Buy -
Mergr

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Company

Legal