Parsons to Acquire BlackSignal Technologies, A Razor's Edge Portfolio Company, In An Accretive Deal Valued At $200M
Portfolio Pulse from Benzinga Newsdesk
Parsons Corporation (NYSE:PSN) is set to acquire BlackSignal Technologies for $200 million. The acquisition, expected to close in August 2024, will enhance Parsons' capabilities in digital signal processing, electronic warfare, and cybersecurity, and is anticipated to be accretive to revenue growth, adjusted EBITDA margins, and adjusted EPS.
July 30, 2024 | 8:28 pm
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Parsons Corporation (NYSE:PSN) announced a $200 million acquisition of BlackSignal Technologies, expected to close in August 2024. The deal will enhance Parsons' capabilities in digital signal processing, electronic warfare, and cybersecurity, and is expected to be accretive to revenue growth, adjusted EBITDA margins, and adjusted EPS.
The acquisition of BlackSignal Technologies is a strategic move for Parsons, enhancing its capabilities in high-growth areas such as digital signal processing, electronic warfare, and cybersecurity. The deal is expected to be accretive to Parsons' revenue growth, adjusted EBITDA margins, and adjusted EPS, which is likely to positively impact the stock price in the short term.
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