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CHANTILLY, Va., July 30, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has entered into a definitive agreement to acquire BlackSignal Technologies, LLC, a Razor’s Edge portfolio company, in an accretive deal valued at $200 million. Parsons anticipates that the acquisition will close in August 2024.
Parsons Corporation is an American multinational technology-focused defense, intelligence, and infrastructure engineering firm. Founded in 1944, [ 2 ] Parsons is headquartered in Chantilly, Virginia , and serves both government and private sector organizations in more than 30 countries.
The acquisition strengthens Parsons’ position as an infrastructure leader while expanding the company’s reach in the Southeastern United States, an area where the Infrastructure Investment and Jobs Act (IIJA) provided approximately $100 billion in Federal Highway Administration formula dollars for fiscal years 2022-2026.
In 2017 Parsons Brinckerhoff changed its name to WSP USA. On September 3, 2014, it was announced that WSP Global had made an offer to purchase Parsons Brinckerhoff from Balfour Beatty plc for US$1.24 billion. [29] The transaction closed on October 31, 2014 [30] and Parsons Brinckerhoff became a wholly owned subsidiary of WSP Global. On January ...
Parsons Corporation, engineering firm headquartered in Centreville, Virginia; Parsons Dance Company, based in New York City; Parsons Marine Steam Turbine Company, company founded by Charles Parsons to build marine steam turbines; WSP Global, formerly Parsons Brinckerhoff, engineering firm headquartered in New York City
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SPARTA Inc. AESO, A Parsons Company, (For a short time known as Cobham Analytic Solutions) is a United States defense contractor based in Lake Forest, California. It was started in 1979 and has more than 20 offices around the United States. The acronym, SPARTA, stood for "Systems Planning Analysis Research and Technology Associates."
In October 2014, WSP completed the purchase of New York-headquartered professional services firm Parsons Brinckerhoff from Balfour Beatty for US$1.24 billion. [10] The company has a network of approximately 170 offices and nearly 13,500 employees on five continents [11] and became a wholly owned independent subsidiary. [12]