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New Deal


Announced

Parsons to acquire QRC from DC Capital Partners for $215m.

Financials

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Transaction Value£171m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Electronic Components and Equipment

Private

survey tools

communication components

Private Equity

Pending

Acquisition

Majority

Friendly

Single Bidder

Synopsis

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Parsons, an American technology-focused defense, intelligence, security, and infrastructure engineering firm, agreed to acquire QRC, which develops and produces survey tools for cellular communication systems, from private equity firm DC Capital Partners for $215m. "Bringing QRC into the Parsons family complements our existing portfolio, increases our presence in the high-growth markets of spectrum awareness and surveillance, adds critical intellectual property that complements and expands our available capabilities for the Special Operations and Intelligence Communities. Our expansion into military hardware will provide significant value for both our shareholders and customers across federal solutions and critical infrastructure," Chuck Harrington, Parsons Chairman and CEO.

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