Acquisition of Polaris Alpha

Technology & Services
Acquisition of Polaris Alpha

Summary

Baird served as co-advisor to Parsons Corporation on this transaction

About

Parsons Corporation (“Parsons”) has agreed to acquire Polaris Alpha (“Polaris Alpha” or the “Company”), a portfolio company of Arlington Capital Partners (“ACP”). The transaction is subject to customary regulatory approvals and closing conditions.

Parsons’s acquisition of Polaris Alpha illustrates the following themes in Government Services M&A: renewed market interest in defense and intel from diversified commercial firms; market priority for companies of scale with differentiated capabilities in cyber, electronic warfare and space situational awareness; and successful execution of buy and build private equity strategies.

Parsons is a digitally enabled solutions provider focused on the defense, security, and infrastructure markets. With nearly 75 years of experience, Parsons is uniquely qualified to deliver cyber-physical security, advanced technology solutions, and other innovative services to federal, regional, and local government agencies, as well as to private industrial customers worldwide. Parsons is headquartered in Pasadena, California.

Polaris Alpha is an advanced, technology-focused provider of innovative mission solutions. Polaris Alpha has approximately 1,300 employees and offers capabilities in cyber, machine learning, artificial intelligence, electromagnetic warfare, signals intelligence, space situational awareness, and multi-domain command and control technologies. The Company supports the United States Intelligence Community, numerous United States Department of Defense agencies, the Department of Homeland Security, and other federal agencies. Polaris Alpha is headquartered in Colorado Springs, Colorado and Fredericksburg, Virginia.

Arlington Capital Partners is a private equity firm that has managed $2.2 billion of committed capital via four investment funds. ACP is focused on middle market investment opportunities in growth industries, including: government services and technology, aerospace / defense, healthcare, and business services and software. ACP is headquartered in Chevy Chase, Maryland.
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Technology & Services
Acquisition of Polaris Alpha
Date
May 2018
Company
Parsons Corporation
Transaction
M&A
Sectors
Technology & Services
Target Location
North America
Acquiror Location
North America

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