Parsons has announced its agreement to acquire Polaris Alpha, a technology-focused provider of mission solutions for complex defense, intelligence and security customers, as well as other U.S. federal customers.
Parsons’ agreement to acquire Polaris Alpha, from private equity firm Arlington Capital Partners, is the latest in the company’s series of strategic investments focused on companies with technologies aligned to evolving threats in the land, sea, air, space and cyber domains.
Parsons’ existing artificial intelligence, signals intelligence, and data analytics expertise supporting defensive and offensive cybersecurity missions will be expanded by the integration of Polaris Alpha’s machine learning, data, video, multisource analytics, and automated reasoning technologies. Polaris Alpha’s portfolio of electromagnetic warfare, signals intelligence, space situational awareness, and multi-domain command and control technologies will significantly increase the scale and scope of Parsons’ capabilities and customer relationships.
Both companies support the U.S. intelligence community, numerous Defense Department agencies, the departments of Homeland Security and Justice, and NASA.
“The agreement to acquire Polaris Alpha is the latest transformative move for Parsons that takes our technology solutions strategy to a new level with customers needing advanced solutions to rapidly evolving threats,” said Chuck Harrington, Parsons chairman and CEO. “With the integration of Polaris Alpha into Parsons, we enhance our proven artificial intelligence and data analytics expertise with new technologies and solutions, the demand for which is growing exponentially.”
Polaris Alpha has over 1,300 employees, with nearly 90 percent maintaining security clearances. The company’s major office are in Colorado Springs, Colorado; Columbia, Maryland; Aberdeen, Maryland; and Fredericksburg, Virginia. Additional offices, research and development facilities, and onsite customer operations are in several other states and the United Kingdom.
“Parsons and Polaris Alpha customers, many of which are common to both companies, will benefit from existing, complementary technologies and increased scale, enabling end-to-end solutions under our shared vision of rapid prototyping and agile development,” said Carey Smith, president of Parsons’ federal business unit. “Our integration plan for the two companies is simple: combine Parsons’ and Polaris Alpha’s capabilities and cultures for the benefit of our customers and employees. We are fully committed to continuing to attract, develop, and retain the best talent in our industry.”
Polaris Alpha was formed through Arlington Capital’s merger of EOIR Technologies, Intelligent Software Solutions and Proteus Technologies. In 2017, Intelesys and Solidyn were added, and in April 2018, 4D was acquired.
“Polaris Alpha has grown rapidly both organically and through strategic acquisitions to become a recognized leader in the space and cyber domains,” said Michael Lustbader, a managing partner at Arlington Capital. “The strength of the Polaris Alpha management team has enabled the company to combine leading technical capabilities with a deep understanding of its customers’ missions while establishing a strong, unified culture. We are excited to watch many of our key technology and infrastructure investments continue to pay dividends under Parsons’ leadership.”
David Wodlinger, a partner at Arlington Capital, added:
“Polaris Alpha occupies a unique market position by not only architecting and developing new cutting-edge technologies through its research and development programs, but also efficiently transitioning those same technologies to support the most critical operations conducted by the national security community in the emerging domains of warfare. We are thrilled to have played a role in that strategy and believe Parsons’ increased scale and dedication to the same customers can take it to the next level.”
Polaris Alpha will become part of Parsons’ Federal business unit, led by Smith. Baird advised Parsons on this deal.