Parsons Completes Acquisition of BlackHorse Solutions, Inc.
CENTREVILLE, Va., July 06, 2021 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it completed the previously announced acquisition of BlackHorse Solutions, Inc., in an accretive deal valued at $203 million. The strategic acquisition expands Parsons’ capabilities and products in next-generation military, intelligence, and space operations, specifically in cyber, electronic warfare, and information dominance.
The BlackHorse transaction is consistent with Parsons’ strategy of completing accretive acquisitions of companies with revenue growth and adjusted EBITDA margins exceeding 10% while adding critical intellectual property that strengthens the company’s existing portfolio.
Headquartered in Herndon, Va., BlackHorse’s technology is shaping the future of information dominance and converged military operations by unifying cyber, electromagnetic warfare, and information operations for Department of Defense and Intelligence Community customers. The company also provides autonomous and distributed detection, identification, exploitation, and the defeat of today's most complex communications.
To learn more about Parsons’ history of successful acquisition and growth strategy, please visit: https://www.parsons.com/about/acquisitions/
Parsons (NYSE: PSN) is a leading disruptive technology provider in the global defense, intelligence, and critical infrastructure markets, with capabilities across cybersecurity, missile defense, space, connected infrastructure, and smart cities. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.
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