M&A
confidence high
sentiment positive
materiality 0.75
Parsons acquires Altamira Technologies for up to $375M in cash
PARSONS CORP
- Base purchase price $330M cash at close; $45M earn-out in Q1 2027 if 2026 EBITDA targets met.
- Altamira expected to generate over $200M revenue in 2026; deal accretive to PSN's 2026 revenue growth, adj. EBITDA margin, and adj. EPS.
- Base purchase price implies 12.8x multiple on anticipated 2026 EBITDA before synergies.
- Altamira adds >600 employees (>90% cleared) in SIGINT, cyber, space, and missile warning for U.S. Department of War and IC.
- Transaction closed on Jan 15, 2026; Altamira will align to Parsons' Defense & Intelligence business unit.