Parsons to acquire BlackSignal Technologies for $200M, sees accretion

Parsons announced that it has entered into a definitive agreement to acquire BlackSignal Technologies, a Razor’s Edge portfolio company, in an accretive deal valued at $200M. Parsons anticipates that the acquisition will close in August. BlackSignal is a digital signal processing, electronic warfare, and cybersecurity provider built to counter near-peer threats. This acquisition will expand Parsons’ customer base across the Department of Defense and Intelligence Community and markets are anticipated to grow more than 10% annually with double digit margin expectations. BlackSignal will be integrated into Parsons’ Defense & Intelligence business unit. The $200M cash purchase price represents a 10.5x multiple on the forecasted 2025 EBITDA before considering revenue or cost synergies. Parsons expects that BlackSignal will generate approximately $95M of revenue in 2025 and be accretive to Parsons’ revenue growth, adjusted EBITDA margins, and adjusted EPS. The transaction is expected to close in August, subject to customary closing conditions.