M&A
confidence high
sentiment positive
materiality 0.80
Parsons to acquire Xator Corporation for $400M; accretive to 2023 EPS
PARSONS CORP
- Total consideration $400M; net of $57M tax benefit values deal at ~$343M.
- Multiple of 10.7x Xator's estimated 2023 adjusted EBITDA; Xator expected 2023 revenue ~$300M.
- Xator adds ~900 employees and expands Parsons' presence in USSOCOM, IC, and State Department markets.
- Acquisition expected to close later this quarter (Q2 2022) subject to customary conditions.
- Xator will integrate into Parsons' engineered systems business unit; capabilities include cUAS, biometrics, critical infrastructure protection.