Announced
Financials
Sources
Tags
United States
Electronic Components and Equipment
Private
survey tools
communication components
Private Equity
Pending
Acquisition
Majority
Friendly
Single Bidder
Synopsis
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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