Parsons Adds BlackHorse

Technology & Services
Industrial

Parsons acquisition of BlackHorse


Summary

Parsons Corporation (“Parsons”) (NYSE: PSN) has entered into a definitive agreement to acquire BlackHorse Solutions, Inc. (“BlackHorse” or the "Company") for $203 million. The transaction is subject to various regulatory approvals and customary closing conditions.

Baird served as financial advisor to Parsons Corporation on this transaction.

About

BlackHorse provides differentiated, best-in-class capabilities in cyber, digital operations, artificial intelligence / machine learning, and full spectrum operations in support of next generation military, intelligence, and space operations. The Company has a portfolio of technology and solutions that are helping to shape the future of information dominance and converged military operations by unifying cyber, electromagnetic warfare, and information operations for the Department of Defense and the Intelligence Community. BlackHorse is headquartered in Herndon, Virginia.

Parsons’ acquisition of BlackHorse illustrates the following buyer priorities in Government & Defense M&A: (1) market priority for companies with distinguished capabilities in high growth markets like cyber, AI / ML, and electromagnetic warfare; (2) strong interest in companies with strong mission alignment in the Intelligence Community and DoD; and (3) a focus on proprietary solutions and products for national security applications.

Parsons 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 is headquartered in Centreville, Virginia.
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Technology & Services
Industrial

Parsons acquisition of BlackHorse

Date
June 2021
Company
Parsons Corporation
Transaction
M&A - Buyside
Sectors
Technology & Services
Industrial
Verticals
Aerospace, Defense & Government
Government & Defense
Target Location
North America
Acquiror Location
North America

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