Parsons Corp. has completed its previously announced acquisition of Xator Corp. in a deal valued at $400 million.
The strategic acquisition expands Parsons’ presence within the U.S. Special Operations Command, the intelligence community, federal civilian customers and global critical infrastructure markets, while providing new customer access at the State Department.
The transaction is consistent with Parsons’ strategy of completing accretive acquisitions of companies with revenue growth and adjusted EBITDA margins of 10% or greater. The acquisition also adds intellectual property that strengthens the company’s existing portfolio.
Xator will be integrated into Parsons’ engineered systems business unit, with its global capabilities leveraged across the federal and critical infrastructure segments.
