Parsons to Acquire BCC Engineering
Parsons (NYSE:PSN) has announced its agreement to acquire BCC Engineering, for $230 million in an all-cash transaction. BCC, a leading transportation engineering firm, provides services in Florida, Georgia, Texas, South Carolina, and Puerto Rico. This acquisition aligns with Parsons' strategy to expand its infrastructure capabilities in the Southeast U.S., an area benefiting from significant federal highway funding.
The acquisition is expected to strengthen Parsons' position as an infrastructure leader and enhance its service offerings. BCC will be integrated into Parsons' North America Infrastructure business unit. The net transaction value of $221 million represents approximately 13.0x BCC's estimated 2025 EBITDA. For 2025, Parsons anticipates BCC to generate about $110 million in gross revenue and contribute positively to Parsons' revenue growth and adjusted EBITDA margins.
Parsons (NYSE:PSN) ha annunciato di aver raggiunto un accordo per acquisire BCC Engineering per 230 milioni di dollari in una transazione interamente in contante. BCC, una delle principali società di ingegneria dei trasporti, fornisce servizi in Florida, Georgia, Texas, Carolina del Sud e Porto Rico. Questa acquisizione è in linea con la strategia di Parsons di espandere le proprie capacità infrastrutturali nel sud-est degli Stati Uniti, un'area che beneficia di significativi finanziamenti federali per le autostrade.
L'acquisizione è prevista per rafforzare la posizione di Parsons come leader nel settore delle infrastrutture e migliorare la sua offerta di servizi. BCC sarà integrata nell'unità commerciale North America Infrastructure di Parsons. Il valore netto della transazione di 221 milioni di dollari rappresenta circa 13.0x l'EBITDA stimato di BCC per il 2025. Per il 2025, Parsons prevede che BCC genererà circa 110 milioni di dollari di reddito lordo e contribuirà positivamente alla crescita dei ricavi di Parsons e ai margini EBITDA rettificati.
Parsons (NYSE:PSN) ha anunciado su acuerdo para adquirir BCC Engineering por 230 millones de dólares en una transacción totalmente en efectivo. BCC, una firma líder en ingeniería de transportes, ofrece servicios en Florida, Georgia, Texas, Carolina del Sur y Puerto Rico. Esta adquisición está alineada con la estrategia de Parsons de expandir sus capacidades de infraestructura en el sureste de EE. UU., una zona que se beneficia de un significativo financiamiento federal de carretera.
Se espera que la adquisición fortalezca la posición de Parsons como líder en infraestructura y mejore sus ofertas de servicios. BCC será integrada en la unidad de negocio de Infraestructura de América del Norte de Parsons. El valor neto de la transacción de 221 millones de dólares representa aproximadamente 13.0x el EBITDA estimado de BCC para 2025. Para 2025, Parsons anticipa que BCC generará alrededor de 110 millones de dólares en ingresos brutos y contribuirá positivamente al crecimiento de los ingresos de Parsons y a los márgenes de EBITDA ajustados.
파슨스 (NYSE:PSN)는 2억 3천만 달러에 BCC 엔지니어링을 인수하기로 합의했다고 발표했습니다. BCC는 플로리다, 조지아, 텍사스, 사우스캐롤라이나 및 푸에르토리코에서 서비스를 제공하는 주요 교통 엔지니어링 회사입니다. 이번 인수는 파슨스의 남동부 미국 인프라 역량 확장을 위한 전략과 일치하며, 이 지역은 연방 고속도로 자금 지원의 혜택을 받고 있습니다.
이번 인수는 파슨스의 인프라 리더로서의 입지를 강화하고 서비스 제공을 향상시킬 것으로 기대됩니다. BCC는 파슨스의 북미 인프라 사업부에 통합될 예정입니다. 2억 2천1백만 달러의 순 거래 가치는 BCC의 2025년 추정 EBITDA의 약 13.0배에 해당합니다. 2025년에는 BCC가 약 1억 1천만 달러의 총 수익을 창출하고, 파슨스의 수익 성장과 조정된 EBITDA 마진에 긍정적으로 기여할 것으로 예상됩니다.
Parsons (NYSE:PSN) a annoncé son accord pour acquérir BCC Engineering pour 230 millions de dollars dans le cadre d'une transaction entièrement en numéraire. BCC, une société d'ingénierie des transports de premier plan, fournit des services en Floride, en Géorgie, au Texas, en Caroline du Sud et à Porto Rico. Cette acquisition s'inscrit dans la stratégie de Parsons d'élargir ses capacités d'infrastructure dans le sud-est des États-Unis, une région bénéficiant d'un financement fédéral important pour les autoroutes.
L'acquisition devrait renforcer la position de Parsons en tant que leader des infrastructures et améliorer son offre de services. BCC sera intégrée à l'unité commerciale Infrastructure Amérique du Nord de Parsons. La valeur nette de la transaction de 221 millions de dollars représente environ 13,0x l'EBITDA estimé de BCC pour 2025. Pour 2025, Parsons prévoit que BCC générera environ 110 millions de dollars de revenus bruts et contribuera positivement à la croissance des revenus de Parsons ainsi qu'aux marges d'EBITDA ajustées.
Parsons (NYSE:PSN) hat seine Vereinbarung zur Übernahme von BCC Engineering für 230 Millionen Dollar in einer Bartransaktion bekannt gegeben. BCC, ein führendes Unternehmen im Bereich Verkehrsingenieurwesen, bietet Dienstleistungen in Florida, Georgia, Texas, South Carolina und Puerto Rico an. Diese Übernahme passt zu Parsons' Strategie, seine Infrastrukturkompetenzen im Südosten der USA auszubauen, einer Region, die von erheblichen bundesstaatlichen Straßenmittel profitiert.
Die Übernahme wird voraussichtlich die Position von Parsons als Infrastrukturführer stärken und sein Serviceangebot verbessern. BCC wird in die Geschäftseinheit Nordamerika Infrastruktur von Parsons integriert. Der Nettotransaktionswert von 221 Millionen Dollar entspricht etwa dem 13,0-fachen des geschätzten EBITDA von BCC für 2025. Für 2025 erwartet Parsons, dass BCC etwa 110 Millionen Dollar an Bruttoumsatz generiert und positiv zum Umsatzwachstum von Parsons und zu den bereinigten EBITDA-Margen beiträgt.
- Acquisition valued at $230 million, strengthening Parsons' infrastructure capabilities
- Expands Parsons' reach in the Southeastern U.S., an area with significant federal highway funding
- BCC expected to generate $110 million in gross revenue for 2025
- Acquisition aligns with Parsons' strategy of acquiring high-growth companies
- Transaction expected to be accretive to Parsons' revenue growth and adjusted EBITDA margins
- None.
Insights
The acquisition of BCC Engineering by Parsons for
Key financial aspects:
- Net transaction value:
$221 million (including$9 million tax benefits) - Valuation multiple: 13.0x BCC's estimated 2025 EBITDA
- Expected 2025 revenue contribution:
$110 million - Impact: Accretive to Parsons' revenue growth and adjusted EBITDA margins
This acquisition positions Parsons to capitalize on the
Parsons' acquisition of BCC Engineering marks a significant expansion in the Southeastern U.S. infrastructure market. BCC's expertise in transportation, civil and structural engineering complements Parsons' existing capabilities and enhances their competitive position in a region poised for substantial infrastructure investment.
Key strategic benefits:
- Expanded service offerings in high-growth markets
- Access to BCC's strong relationships with state DOTs, particularly in Florida
- Enhanced ability to tackle large, complex roadway and bridge projects
- Improved positioning to capture IIJA-funded projects
The integration of BCC into Parsons' North America Infrastructure unit should create synergies in project delivery and technology adoption. This move aligns with the industry trend of consolidation to build comprehensive service offerings and compete for larger, more complex infrastructure projects. The acquisition could significantly strengthen Parsons' market position and growth prospects in the rapidly evolving infrastructure sector.
Acquisition strategically enhances Parsons’ infrastructure capabilities in the Southeast U.S.
CHANTILLY, Va., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has entered into a definitive agreement to acquire 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. This 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
“Parsons’ acquisition of BCC represents another important milestone in our mission to advance mobility solutions across North America,” said Carey Smith, Parsons' chair, president, and chief executive officer. “The addition of BCC’s talented team expands our service offerings and furthers our impact during this transformative era for infrastructure. Our collaboration will enable us to drive progress, foster economic growth, and ultimately create more connected and resilient infrastructure across the nation. I am excited to welcome BCC into Parsons.”
Established in Miami, FL, in 1994, BCC is known for its innovative, best-in-class solutions for some of Florida's largest and most complex roadway and bridge projects. The company has delivered over 100 major projects serving every district for the Florida Department of Transportation and is one of the fastest-growing transportation engineering firms in the southeast U.S. BCC has also been consistently recognized as a top place to work by the Sun Sentinel, and a Top 500 design firm by the Engineering News Record (ENR).
“We are excited to become part of Parsons’ team,” said Jose Muñoz, BCC’s president & CEO. “This acquisition marks a significant milestone for both of our organizations and represents a shared vision for the future of infrastructure in our communities. Parsons is a leader in the digitization of design and delivery of infrastructure, and this provides our team the opportunity to be at the forefront of the industry. Together we’re unlocking the potential of transportation infrastructure for our customers and communities where we live and work.”
Parsons and BCC have worked closely for years on critical infrastructure projects and, through collaboration and client-focused strategy, will continue to unlock additional value and impact for clients worldwide. The net transaction value of
About Parsons
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact.
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FAQ
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