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New Deal


Announced

Completed

Parsons completed the acquisition of Braxton Science & Technology Group for $300m.

Financials

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Transaction Value£233m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Aerospace

satellite telecommunications

Acquisition

Domestic

space technology

United States

Majority

Private

Friendly

Single Bidder

Completed

Synopsis

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Parsons, an American technology-focused defense, intelligence, security, and infrastructure engineering firm, completed the acquisition of Braxton Science & Technology Group, a satellite ground system company, from The O'Neil Group, a real estate investment, property management, and development company, for $300m. "The addition of BSTG complements our space portfolio, increases our product offerings in high-growth markets, and adds critical intellectual property that complements and expands our capabilities for the US Air Force, Space Force, and research laboratories. We look forward to welcoming BSTG's employees into the Parsons' family, driving synergistic solutions that leverage our expanded set of space solutions, growing our technology, and furthering our customer's critical missions including joint all-domain operations," Chuck Harrington, Parsons Chairman and CEO.

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