Parsons and BlackHorse: Potential Synergies
Parsons (NYSE: $PSN) is a technology provider in the global defense, intelligence, and critical infrastructure markets. The company's areas of expertise span cybersecurity, missile defense, space, connected infrastructure, and smart cities.BlackHorse, which has nearly 200 employees, will tuck into Parsons’ federal solutions business segment.BlackHorse’s technology unifies cyber, electromagnetic warfare, and information operations for DoD and and intelligence community customers, the seller says.BlackHorse also provides autonomous and distributed detection, identification, exploitation, and the "defeat of today's most complex communications," the seller asserts.Parsons Acquires BlackHorse: Executive Perspectives
In a prepared statement about the deal, Chuck Harrington, Parsons’ chairman and CEO, said:“Adding BlackHorse increases our scale in the areas of cyber, electronic warfare, and information dominance, enhancing Parsons’ position to pursue and win upcoming large joint all-domain contract opportunities, which is a key component of our national defense strategy. We have partnered closely with BlackHorse in the past, so we know our cultures are well aligned and are excited to welcome their talented team of employees to the Parsons’ family and leverage their exceptional reputation in the market.”
“We are thrilled to join the Parsons family. We share a common passion for supporting our nation’s most pressing security challenges, and joining forces continues that tradition while accelerating our growth and expanding our customer base. I’m excited for what the future holds.”
