Parsons Agrees To Acquire BCC Engineering, LLC In An All-cash Transaction Valued At $230M
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Parsons Corporation has agreed to acquire BCC Engineering, LLC for $230 million in an all-cash transaction. BCC, a full-service engineering firm, will be integrated into Parsons' North America Infrastructure business unit. The acquisition aligns with Parsons' strategy of acquiring high-growth companies and is expected to be accretive to revenue growth and adjusted EBITDA margins.
October 21, 2024 | 10:31 am
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Parsons Corporation is acquiring BCC Engineering for $230 million, which will enhance its North America Infrastructure business. The acquisition is expected to be accretive to Parsons' revenue growth and adjusted EBITDA margins.
The acquisition of BCC Engineering is directly aligned with Parsons' strategy to acquire high-growth companies. The deal is expected to be accretive to Parsons' revenue and EBITDA margins, indicating a positive short-term impact on Parsons' stock price.
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