Parsons to Buy BCC Engineering in $230M Deal

Parsons Corp. will acquire BCC Engineering, a Florida-based transportation engineering firm, for $230 million in cash. BCC, owned by Trivest Partners, offers planning, design and management services for projects in Florida, Georgia, Texas, South Carolina and Puerto Rico.

The deal boosts Parsons’ infrastructure presence in the Southeastern U.S. and aligns with its strategy of acquiring high-growth companies with over 10% revenue growth and strong EBITDA margins.

BCC will be integrated into Parsons’ North America Infrastructure business unit, the company said.

“Parsons’ acquisition of BCC represents another important milestone in our mission to advance mobility solutions across North America,” said Carey Smith, Parsons’ chair, president and CEO. “The addition of BCC’s talented team expands our service offerings and furthers our impact during this transformative era for infrastructure. Our collaboration will enable us to drive progress, foster economic growth, and ultimately create more connected and resilient infrastructure across the nation. I am excited to welcome BCC into Parsons.”

BCC has completed over 100 major projects for the Florida Department of Transportation, has been named a top workplace by the Sun Sentinel and is ranked as a Top 500 design firm by Engineering News Record.

Parsons and BCC, long-time collaborators on key infrastructure projects, will continue delivering value and impact for clients globally.

“We are excited to become part of Parsons’ team,” said Jose Muñoz, BCC’s president and CEO. “This acquisition marks a significant milestone for both of our organizations and represents a shared vision for the future of infrastructure in our communities. Parsons is a leader in the digitization of design and delivery of infrastructure, and this provides our team the opportunity to be at the forefront of the industry. Together we’re unlocking the potential of transportation infrastructure for our customers and communities where we live and work.”

The transaction is set to close in 30 days, pending customary conditions. Parsons was advised by BofA Securities and Jenner & Block, while BCC was advised by Akerman.