Parsons Completes Acquisition of BCC Engineering
Parsons (NYSE:PSN) has completed the acquisition of BCC Engineering, for $230 million in an all-cash transaction. BCC, previously owned by Trivest Partners, is a leading transportation engineering firm providing planning, design, and management services across Florida, Georgia, Texas, South Carolina, and Puerto Rico. The acquisition enhances Parsons' infrastructure capabilities in the Southeast U.S., where the Infrastructure Investment and Jobs Act allocated approximately $100 billion in Federal Highway Administration formula dollars for 2022-2026. BCC will be integrated into Parsons' North America Infrastructure business unit.
Parsons (NYSE:PSN) ha completato l'acquisizione di BCC Engineering, per 230 milioni di dollari in un'operazione interamente in contante. BCC, precedentemente di proprietà di Trivest Partners, è una delle principali aziende di ingegneria dei trasporti, fornendo servizi di pianificazione, progettazione e gestione in Florida, Georgia, Texas, Carolina del Sud e Porto Rico. L'acquisizione migliora le capacità infrastrutturali di Parsons nel sud-est degli Stati Uniti, dove il Infrastructure Investment and Jobs Act ha allocato circa 100 miliardi di dollari in fondi della Federal Highway Administration per il periodo 2022-2026. BCC sarà integrata nell'unità di business infrastrutture del Nord America di Parsons.
Parsons (NYSE:PSN) ha completado la adquisición de BCC Engineering, por 230 millones de dólares en una transacción completamente en efectivo. BCC, anteriormente propiedad de Trivest Partners, es una destacada firma de ingeniería de transporte que ofrece servicios de planificación, diseño y gestión en Florida, Georgia, Texas, Carolina del Sur y Puerto Rico. La adquisición mejora las capacidades de infraestructura de Parsons en el sureste de EE. UU., donde la Ley de Inversión en Infraestructura y Empleo asignó aproximadamente 100 mil millones de dólares en fondos de la Administración Federal de Carreteras para el período 2022-2026. BCC se integrará en la unidad de negocio de Infraestructura de América del Norte de Parsons.
파슨스 (NYSE:PSN)는 BCC 엔지니어링을 2억 3천만 달러에 전액 현금 거래로 인수 완료했습니다. 이전에 트리베스트 파트너스의 소유였던 BCC는 플로리다, 조지아, 텍사스, 사우스 캐롤라이나, 그리고 푸에르토리코 전역에서 계획, 설계 및 관리 서비스를 제공하는 선도적인 교통공학 회사입니다. 이번 인수는 파슨스의 남동부 미국 내 기반 시설 능력을 강화하며, 이 지역에선 인프라 투자 및 일자리 법이 2022-2026년에 대해 약 1천억 달러의 연방 도로 관리국 공식 기금을 배정했습니다. BCC는 파슨스의 북미 인프라 사업부에 통합됩니다.
Parsons (NYSE:PSN) a terminé l'acquisition de BCC Engineering, pour 230 millions de dollars dans le cadre d'une transaction entièrement en espèces. BCC, auparavant détenue par Trivest Partners, est une entreprise leader en ingénierie des transports, offrant des services de planification, de conception et de gestion en Floride, en Géorgie, au Texas, en Caroline du Sud et à Porto Rico. L'acquisition renforce les capacités d'infrastructure de Parsons dans le sud-est des États-Unis, où la loi sur les investissements d'infrastructure et l'emploi a alloué environ 100 milliards de dollars en fonds de l'Administration fédérale des routes pour la période 2022-2026. BCC sera intégrée dans l'unité d'affaires Infrastructure de Parsons en Amérique du Nord.
Parsons (NYSE:PSN) hat die Übernahme von BCC Engineering für 230 Millionen Dollar in einer kompletten Barzahlungstransaktion abgeschlossen. BCC, zuvor im Besitz von Trivest Partners, ist ein führendes Unternehmen für Verkehrstechnik, das Planungs-, Design- und Managementdienste in Florida, Georgia, Texas, South Carolina und Puerto Rico anbietet. Die Übernahme verbessert die Infrastrukturkapazitäten von Parsons im Südosten der USA, wo das Infrastrukturinvestitions- und Beschäftigungsgesetz etwa 100 Milliarden Dollar an Mitteln der Federal Highway Administration für die Jahre 2022-2026 bereitstellt. BCC wird in die Infrastrukturgeschäftseinheit von Parsons in Nordamerika integriert.
- All-cash acquisition valued at $230 million
- Expands presence in Southeast U.S. market with access to $100B IIJA funding
- Acquires high-growth company with >10% revenue growth and strong EBITDA margins
- Strengthens market position in transportation engineering sector
- Geographic expansion into five new territories
- Significant cash outlay of $230 million may impact short-term liquidity
Insights
The
The timing is particularly advantageous given the
BCC's diverse service portfolio across multiple states provides revenue diversification and enhances Parsons' competitive position in transportation engineering. The deal's valuation appears reasonable given the target's growth profile and the potential for significant revenue synergies.
Acquisition strategically enhances Parsons’ infrastructure capabilities in the Southeast U.S.
CHANTILLY, Va., Nov. 01, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has completed the previously announced acquisition of BCC Engineering, LLC (BCC), one of Florida's leading transportation engineering firms, in an all-cash transaction valued at
BCC, a portfolio company of Trivest Partners, is a full-service engineering firm that provides planning, design, and management services for transportation, civil, and structural engineering projects in Florida, Georgia, Texas, South Carolina, and Puerto Rico.
The acquisition strengthens Parsons’ position as an infrastructure leader while expanding the company’s reach in the Southeastern United States, an area where the Infrastructure Investment and Jobs Act (IIJA) provided approximately
About Parsons
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Media Contact:
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+1.703.851.4425
Bryce.McDevitt@parsons.com
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FAQ
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