Braxton, primarily based in Colorado Springs, shall be merged into Parsons’ area and geospatial enterprise.
WASHINGTON — Parsons introduced Oct. 29 it would purchase Braxton Science & Expertise Group for $258 million. The acquisition broadens the company’s footprint in area and cybersecurity.
Braxton, primarily based Colorado Springs, Colorado, shall be merged into Parsons’ area and geospatial enterprise, including greater than 370 staff, 80% of whom maintain safety clearances, the corporate mentioned. Parsons, a greater than $3 billion authorities contractor, is headquartered in Centerville, Virginia.
This acquisition “enhances our area portfolio, will increase our product choices in high-growth markets, and provides vital mental property that enhances and expands our capabilities for the U.S. Air Power, House Power, and analysis laboratories,” mentioned Chuck Harrington, Parsons’ chairman and chief govt officer.
Braxton in recent times has secured a streak of army and intelligence company contracts for area floor methods, satellite tv for pc cybersecurity and different area applied sciences. For 2021, Braxton is predicted to generate $133 million in income.
Notably, Braxton was chosen in 2017 because the methods engineering contractor for the U.S. House Power’s Enterprise Floor Companies, a deliberate structure that may unify spacecraft floor management operations throughout a number of applications. The corporate additionally received a House and Missile Techniques Heart contract so as to add cybersecurity to the Enterprise Floor Companies.
Braxton’s president Ken O’Neil, mentioned Parsons is a “massive firm with the operational agility of a smaller group, which attracted us to them and offers us confidence in our future success collectively.”
The Braxton deal follows Parsons’ $292 million acquisition of OGSystems acquisition in 2019 and the $489 million buy of defense contractor Polaris Alpha in 2018.