Author: Jane Edwards|| Date Published: March 11, 2019
Parsons filed with the Securities and Exchange Commission for an initial public offering to raise approximately $500M, Reuters reported Friday.
The IPO could be available in April or May with the value of the construction and engineering services estimated at $3B, according to the report.
Bank of America, Goldman Sachs and Morgan Stanley are among the investment banks that are likely to underwrite the transaction, according to people familiar with the plan.
Sources said Parsons™ recent acquisitions of businesses serving intelligence and defense clients have made the company more attractive to investors.
Parsons acquiredOGSystems, a Chantilly, Va.-based technology services contractor, in January in a push to broaden expertise in geospatial intelligence and big data analytics. The following month the company decided to transfer its corporate headquarters from Pasadena, Calif., to the Washington, D.C. area in support of growth initiatives.
Chuck Brooks is the president of Brooks Consulting International and one of Executive Mosaic’s GovCon Experts. Most people associate the Department of…
CGI Federal has been tapped to continue supporting GSA’s financial systems environment The Momentum-as-a-Service model bundles software licensing, hosting and…
Helton will oversee infrastructure modernization, facilities, environmental health and safety, and security at the shipyard Helton arrives from HII’s Ingalls…
Parsons filed with the Securities and Exchange Commission for an initial public offering to raise approximately $500M, Reuters reported Friday.
