Parsons subsidiary agrees to acquire Xator for $400M cash

PARSONS CORP

Parsons Government Services, Inc. will acquire 100% of Xator LLC for $400 million in cash.
Purchase price subject to customary adjustments for cash, debt, transaction expenses and working capital.
A $2.5 million escrow will be held for potential post-closing adjustments and indemnification.
Transaction expected to close upon satisfaction of regulatory and other customary conditions.
Xator is a provider of security and technology solutions to the U.S. government and defense sector.

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