secwatch.observer — SEC 8-K summary
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Issuer:     PARSONS CORP (PSN)
CIK:        0000275880
Form:       8-K
Filed at:   2022-05-23T23:59:59+00:00
Accession:  0001193125-22-156826
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Parsons to acquire Xator Corporation for $400M; accretive to 2023 EPS
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/275880/000119312522156826/0001193125-22-156826-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/275880/000119312522156826/d364468d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-156826

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