The deal is Parsons' third acquisition in the last 14 months and marks its first since going public in May. The transaction is valued at $203 million, or approximately 11.5x BlackHorses estimated 2022 adjusted EBITDA. Williams Electric Co. acquired by Parsons Corporation. 3. Parsons To Acquire BlackHorse Solutions, Inc. https://www.parsons.com 120 9 Comments Parsons Corporation (NYSE:PSN) announced today that it has entered into a definitive agreement to acquire BlackHorse Solutions, Inc. in an accretive deal valued at $203 million.Founded in 2018, BlackHorse expands Parsons' customer base and brings differentiated best-in-class capabilities in cyber, digital operations, artificial intelligence/machine learning, and full-spectrum operations. We have partnered closely with BlackHorse in the past, so we know our cultures are well aligned and are excited to welcome their talented team of employees to the Parsons family and leverage their exceptional reputation in the market.. California-based Parsons Corp. announced Jan. 8 it has acquired OGSystems, which provides advanced technologies in geospatial intelligence, big data analytics and threat mitigation. Parsons Corporation has entered into a definitive agreement to acquire BlackHorse Solutions, Inc. in an accretive deal valued at $203 million. Parsons was advised by Baird and Latham & Watkins LLP. We are thrilled to join the Parsons family, said Mike Kushin, BlackHorse president and chief executive officer. House "Golf de Bretagne". The transaction is valued at $203 million, or approximately 11.5x BlackHorses estimated 2022 adjusted EBITDA. Founded in 2018, BlackHorse expands Parsons' customer base and brings . Parsons To Acquire BlackHorse Solutions, Inc. https://www.parsons.com 3 Like Comment Explosive Ordnance Disposal And Mine Clearance The strategic acquisition expands Parsons capabilities and products in next-generation military, intelligence, and space operations, specifically in cyber, electronic warfare, and information dominance. BlackHorse unifies cyber, electromagnetic warfare, and information operations for Department of Defense and Intelligence Community customers. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how were making an impact. Parsons Acquires O`Connor Associates. (Don't worry . Bloomberg Daybreak Europe. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption Risk Factors in our Registration Statement on Form S-1 and our other filings with the Securities and Exchange Commission. The company also provides autonomous and distributed detection, identification, exploitation, and the defeat of today's most complex communications. PASADENA, California, May 21, 2018 /PRNewswire/ -- Parsons today announced its acquisition of Polaris Alpha, an advanced, technology-focused provider of innovative mission solutions for complex . Jan 08, 2019, 10:06 ET. PYR. Acquisition enhances cyber, electronic warfare, and information dominance capabilities. 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. Cookies are used to offer you a better browsing experience and to analyze our traffic. https://www.parsons.com/about/acquisitions/. Parsons Corp. By Carten Cordell - Staff Reporter, Washington Business Journal Jun 10, 2021 Parsons Corp. (NYSE: PSN) has gone back to its mergers and acquisition strategy, announcing Thursday. Private: property 650 m2, parkin. Parsons Corporation announced that it has entered into a definitive agreement to acquire BlackHorse Solutions, Inc. in an accretive deal valued at $203M. The AP news staff was not involved in its creation. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Parsons Services Company. We have partnered closely with BlackHorse in the past, so we know our cultures are well aligned and are excited to welcome their talented team of employees to the Parsons family and leverage their exceptional reputation in the market.. Parsons To Acquire BlackHorse Solutions, Inc. Acquisition enhances cyber, electronic warfare, and information dominance capabilities CENTREVILLE, VA (June 10, 2021) - Parsons Corporation (NYSE:PSN) announced today that it has entered into a definitive agreement to acquire BlackHorse Solutions, Inc. in an accretive deal valued at $203 million. 8. On June 10, 2021, Parsons acquired information technology company BlackHorse Solutions for 203M USD Acquisition Highlights This is Parsons' 4th transaction in the Information Technology sector. The company expects the transaction to be accretive to Parsons fiscal year 2021 and 2022 revenue growth rate, adjusted EBITDA margin, and adjusted diluted earnings per share. Accordingly, actual performance, results, and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results, or events. Acquisition enhances cyber, electronic warfare, and information dominance capabilitiesCENTREVILLE, Va., June 10, 2021 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has entered into a definitive agreement to acquire BlackHorse Solutions, Inc. in an accretive deal valued at $203 million. The company expects the transaction to be accretive to Parsons fiscal year 2021 and 2022 revenue growth rate, adjusted EBITDA margin, and adjusted diluted earnings per share. Photo: Parsons. The transaction is consistent with Parsons strategy of completing accretive acquisitions of companies with revenue growth and adjusted EBITDA margins exceeding 10%, respectively, while adding critical intellectual property that strengthens the companys existing portfolio. Carey Smith, Parsons. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption Risk Factors in our Registration Statement on Form S-1 and our other filings with the Securities and Exchange Commission. The company also provides autonomous and distributed detection, identification, exploitation, and the defeat of todays most complex communications. BlackHorse will be integrated into Parsons federal solutions business segment, adding nearly two hundred employees, the predominance of which hold high-level security clearances. Penske Logistics acquires Black Horse Carriers (Photo: Jim Allen/FreightWaves) Penske Logistics announced an agreement to purchase Black Horse Carriers, a Chicago-based trucking company with more than 4,000 employees providing dedicated services and private fleet replacement. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. All content copyright 2022 Homeland Security Today. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends, and factors that are difficult to predict, many of which are outside of our control. 630 /avg weekly. P. Peter Pascali Updates Early Warning Report. Founded in 2018, BlackHorse expands Parsons' customer base and brings differentiated best-in-class capabilities in cyber, digital operations, artificial . CENTREVILLE, VA (June 10, 2021) Parsons Corporation (NYSE:PSN) announced today that it has entered into a definitive agreement to acquire BlackHorse Solutions, Inc. in an accretive deal valued at $203 million. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. Acquisition enhances cyber, electronic warfare, and information dominance capabilitiesCENTREVILLE, Va., June 10, 2021 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has entered into a definitive agreement to acquire BlackHorse Solutions, Inc. in an accretive deal valued at $203 million. We share a common passion for supporting our nations most pressing security challenges, and joining forces continues that tradition while accelerating our growth and expanding our customer base. The company also provides autonomous and distributed detection, identification, exploitation, and the defeat of today's most complex communications. We assume no obligation to update any forward-looking statement made in this presentation that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws. CENTREVILLE, Va., June 10, 2021 (GLOBE NEWSWIRE) Parsons Corporation (NYSE:PSN) announced today that it has entered into a definitive agreement to acquire BlackHorse Solutions, Inc. in an accretive deal valued at $203 million.Founded in 2018, BlackHorse expands Parsons' customer base and brings differentiated best-in-class capabilities in cyber, digital operations, artificial . CENTREVILLE, Va,, May 23, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has entered into a definitive agreement to acquire Xator Corporation in a transaction . Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local, or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the governments budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations, and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations, or cancellations caused by competitors protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train, or retain employees with the requisite skills, experience, and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews, and investigations, which may result in materially adverse judgments, settlements, or other unfavorable outcomes. Parsons to acquire QRC. "Parsons plans . We assume no obligation to update any forward-looking statement made in this presentation that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws. Parsons Corporation. We have partnered closely with BlackHorse in the past, so we know our cultures are well aligned and are excited to welcome their talented team of employees to the Parsons family and leverage their exceptional reputation in the market.. Join us as the Cyber Bytes Foundation and Parsons Corporation partner up to host TWO concurrent Capture the Flag events on December 8th at the Quantico Cyber Hub in Stafford Virginia. Founded in 2018, BlackHorse expands Parsons customer base and brings differentiated best-in-class capabilities in cyber, digital operations, artificial intelligence/machine learning, and full-spectrum operations. 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. Parsons acquisition of BlackHorse expands the companys proven solutions and products that address next-generation military, intelligence, and space operations. This is Parsons' 5th transaction in Virginia. The deal is expected to close in July. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption Risk Factors in our Registration Statement on Form S-1 and our other filings with the Securities and Exchange Commission. Parsons was advised by Baird and Latham & Watkins LLP. For 2022, BlackHorse is expected to generate revenue of approximately $100 million. 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