M&A Deal Summary

Parsons Acquires Xator

On May 23, 2022, Parsons acquired information technology company Xator for 400M USD

Acquisition Highlights
  • This is Parsons’ 5th transaction in the Information Technology sector.
  • This is Parsons’ largest (disclosed) transaction.
  • This is Parsons’ 12th transaction in the United States.
  • This is Parsons’ 6th transaction in Virginia.

M&A Deal Summary
Date 2022-05-23
Target Xator
Sector Information Technology
Buyer(s) Parsons
Deal Type Add-on Acquisition
Deal Value 400M USD
Advisor(s) Rees Broome (Legal)

Target

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.

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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 13 of 17
Sector (Information Technology) 5 of 8
Type (Add-on Acquisition) 12 of 16
State (Virginia) 6 of 7
Country (United States) 12 of 16
Year (2022) 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-14 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.

Buy $43M
Mergr

Product

Company

Legal