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. Parsons Corporation. 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. Parsons to Acquire BlackHorse Solutions, Inc. Acquisition enhances cyber, electronic warfare, and information dominance capabilities 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 . Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Private: property 650 m2, parkin. Parsons acquires BlackHorse Solutions WINNER: Robotic Research Series A Equity Raise ($228M) Sigma Defense, a Sagewind Capital portfolio company, acquires SOLUTE Deal of the Year: $250M - $1B. 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. Media Contact:Jason Yaley+1.571.255.9122Jason.Yaley@parsons.com, Investor Relations Contact:Dave Spille+ 1.571.655.8264Dave.Spille@parsons.com. PYR. Adding BlackHorse increases our scale in the areas of cyber, electronic warfare, and information dominance, enhancing Parsons position to pursue and win upcoming large joint all-domain contract opportunities, which is a key component of our national defense strategy, said Chuck Harrington, Parsons chairman and chief executive officer. This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The transaction is expected to close in July 2021, subject to customary closing conditions. Parsons Corporation announced that it has entered into a definitive agreement to acquire BlackHorse Solutions, Inc. in an accretive deal valued at $203M. Parsons to Acquire BlackHorse Solutions, Inc. 06.10.21. Parsons to acquire BlackHorse Solutions By Loren Blinde June 10, 2021 0 Comments On June 10, Centreville, VA-based Parsons Corporation announced that it has entered into a definitive agreement to acquire BlackHorse Solutions, Inc. in an accretive deal valued at $203 million. Acquisition enhances cyber, electronic warfare, and information dominance capabilities. Parsons has announced its agreement to acquire Polaris Alpha, a technology-focused provider of mission solutions for complex defense, intelligence and security customers, as well as other U.S. federal customers.. Parsons' agreement to acquire Polaris Alpha, from private equity firm Arlington Capital Partners, is the latest in the company's series of strategic . We are thrilled to join the Parsons family, said Mike Kushin, BlackHorse president and chief executive officer. Parsons to acquire QRC. BlackHorse was advised by Raymond James & Associates, Inc. and Cooley LLP. Bloomberg Daybreak Europe. The firm is now called "Delcan, a Parsons Company.". PASADENA, CA -- (Marketwire) -- 01/20/12 -- Parsons is pleased to announce that it has acquired privately held O'Connor Associates, a leading environmental consultancy firm in Canada. Williams Electric Co. acquired by Parsons Corporation. The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. Parsons is acquiring BlackHorse Solutions, a cybersecurity consulting firm that serves U.S. federal government customers including the U.S. Department of Defense and intelligence community customers. Im excited for what the future holds.. This is Parsons' 11th transaction in the United States. Subscribe today. Wednesday, December 02, 2020. For 2022, BlackHorse is expected to generate revenue of approximately $100 million. 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. | August 5, 2022 Founded in [] Be the first to receive updates about Parsons news, events, and innovations. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. Acquisition enhances cyber, electronic warfare, and information dominance capabilities. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. The transaction is valued at $203 million, or approximately 11.5x BlackHorses estimated 2022 adjusted EBITDA. Bloomberg Daybreak Europe. Parsons said today it has agreed to acquire QRC Technologies, a Fredericksburg, VA-based company focused on products for the radio frequency and signals intelligence market, for $215 million in cash. Parsons was advised by Baird and Latham & Watkins LLP. Parsons acquisition of BlackHorse expands the companys proven solutions and products that address next-generation military, intelligence, and space operations. The transaction is expected to close in July 2021, subject to customary closing conditions. 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. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Im excited for what the future holds.. 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. WAM looks to acquire Asian equities LIC; Pound Sterling Price News and Forecast: GBP/USD bears take a breather amid the oversold RSI; EUR/USD to fall 50-pips on a breach of 1.1660 - Societe Generale 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. Im excited for what the future holds.. 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. 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. 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(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. 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 . Parsons To Acquire BlackHorse Solutions, Scaling Cyber, EW Capabilities - https://buff.ly/3veIHOg via Defense Daily Parsons to Acquire BlackHorse Solutions, Inc. Trending News. Founded in 2018, BlackHorse expands Parsons' customer base and brings . By Marjorie Censer / June 11, 2021 at 1:22 PM Tweet Parsons said this week it has agreed to acquire BlackHorse Solutions in a deal worth $203 million. June 10, 2021 08:05 ET 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. 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Parsons Corporation has entered into a definitive agreement to acquire BlackHorse Solutions, Inc. in an accretive deal valued at $203 million. | Source: BlackHorse expands Parsons' customer base and brings. In Other News. Electrical And Power Supply Equipment, Subsystems And Components . BlackHorse will be integrated into Parsons federal solutions business segment, adding nearly two hundred employees, the predominance of which hold high-level security clearances. 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. The transaction is valued at $203 million, or approximately 11.5x BlackHorses estimated 2022 adjusted EBITDA. Please visit Parsons.comand follow us on LinkedIn and Facebook to learn how we're making an impact. 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. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how were making an impact. BlackHorse will be integrated into Parsons federal solutions business segment, adding nearly two hundred employees, the predominance of which hold high-level security clearances. All rights reserved. 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. Brittany. Headquartered in Herndon, Va., BlackHorses 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. Acquiring Organization: Parsons Corporation Parsons is an engineering, construction, technical and management services firm. Parsons' acquisition of Polaris Alpha, from private equity firm Arlington Capital Partners, is the latest in the company's series of strategic investments focused on companies with technologies. BlackHorse, which is based in Northern Virginia, has nearly 200 . This is technology M&A deal number 314 that MSSP Alert and sister site ChannelE2E has covered so far in 2021. 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 . 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. For 2022, BlackHorse is expected to generate revenue of approximately $100 million. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. Parsons To Acquire BlackHorse Solutions, Inc. https://www.parsons.com 120 9 Comments PASADENA, Calif., Jan. 8, 2019 /PRNewswire/ -- Parsons today announced its acquisition of OGSystems, an innovative solutions provider with advanced technologies in . 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. 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 . 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. 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. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Williams Electric Co. Parsons Corporation. 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. Acquisition enhances cyber, electronic warfare, and information dominance capabilities June 10, 2021 08:05 ET | Source: Parsons Services Company 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. 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. Parsons Corporation announced today that it has entered into a definitive agreement to acquire BlackHorse Solutions, Inc. in an accretive deal valued at $203 million. 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. Published: Jun 10, 2021, 12:05 PM UTC GlobeNewswire 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.. https://www.parsons.com/about/acquisitions/. Photo: Parsons. 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.. Jan 08, 2019, 10:06 ET. For 2022, BlackHorse is expected to generate revenue of approximately $100 million. Parsons, one of the oldest defense and engineering contractors, will expand its next-generation military, intelligence, and space operations with the BlackHorse acquisition, and bring its nearly 200 employees, most with high-level . Contango ORE Announces Agreement to Issue $20,000,000 Unsecured 8% Convertible . 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. 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 companys existing portfolio. Headquartered in Herndon, Va., BlackHorses 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. Novavax and Serum Institute of India Receive Emergency Use Authorization for Novavax'. 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