COLORADO SPRINGS, Colo., Oct. 30, 2020 /PRNewswire/ — The O’Neil Group Firm, LLC introduced as we speak that it has entered right into a definitive settlement on behalf of traders to promote Braxton Science & Expertise Group, LLC (“Braxton”) and its subsidiaries for roughly $300 million in money to Parsons Company (NYSE: PSN). Headquartered in Colorado Springs, CO, The O’Neil Group Firm (“OGC”) oversees a diversified portfolio of working firms and actual property investments, which incorporates Braxton as a highlight of its portfolio development and success over the previous decade-plus. The sale of Braxton encompasses 5 of the 7 protection entities making up the protection portion of companies owned and managed by OGC. OGC will shift its assets to concentrate on continued development and funding in companies, actual property and the group by which it operates.
Braxton, headquartered on the Catalyst Campus for Expertise & Innovation in downtown Colorado Springs, added greater than 300 staff and grew income by 25 instances since being acquired by the funding group coordinated by, and subsequently managed by, the O’Neil Group. “This was one in every of our higher exits contemplating that the unique traders realized a 9-times return on their funding,” stated Keven O’Neil, OGC’s proprietor and CEO.
Braxton operates on the forefront of satellite tv for pc operations, floor system automation, flight dynamics, and spacecraft and antenna simulation for the U.S. Division of Protection and Intelligence Group. These capabilities place Parsons to Capitalize on the rapidly evolving area missions of its nationwide safety area clients and deal with fast market development pushed by proliferated low earth orbit (LEO) constellations, small satellite tv for pc growth, and area cyber resiliency. Braxton has particular area experience with the U.S. Air Drive’s Enterprise Floor Companies (EGS) effort: a subsequent era structure that may unify spacecraft floor management operations throughout a number of main authorities companies.
“The mixture of Braxton’s main protection capabilities, and many years of trusted buyer relationships, mixed with Parsons’ international scale, cross-industry expertise, and disruptive mindset creates a number one area expertise supplier,” stated Ken O’Neil, President of Braxton. “We’re excited to affix a company recognized for his or her entrepreneurial spirit, agility, tradition of innovation and inclusivity, and profitable monitor document of mergers, acquisitions, and integrations. Parsons is a big firm with the operational agility of a smaller group, which attracted us to them and offers us confidence in our future success collectively.”
Concerning the O’Neil Group Firm:
On the O’Neil Group Firm, we purchase companies and develop their profitability for our particular person and institutional funding companions. Our confirmed monitor document for achievement is born partly from our ardour for enterprise, deep market information and our skill to see alternatives the place others can not.
Investor Relations Contact:
+ 1 719-445-5054
SOURCE The O’Neil Group Firm