Overview
- Parsons paid $330 million at closing with a $45 million earn-out contingent on 2026 EBITDA, payable in the first quarter of 2027.
- Parsons projects the acquired business will generate more than $200 million in 2026 revenue and be accretive to growth, adjusted margins, and adjusted EPS.
- About 600 employees, with more than 90% holding security clearances, will join the Defense & Intelligence business unit.
- The purchase deepens capabilities in signals intelligence, missile warning, cyber operations, and AI/ML-enabled analytics for space-focused missions.
- Barclays advised the buyer and Baird advised the seller, as prior investors including ClearSky complete their exit.