Parsons Strikes $200M Deal for BlackSignal Technologies; Carey Smith Quoted

Parsons (NYSE: PSN) has agreed to buy BlackSignal Technologies for approximately $200 million to broaden its cybersecurity, artificial intelligence and electronic warfare capabilities and its client base across the Department of Defense and Intelligence Community.

Chantilly, Virginia-based Parsons said Tuesday it expects the transaction to be completed in August and will integrate BlackSignal into its defense and intelligence business unit upon closing.

BlackSignal Technologies is a Razor’s Edge portfolio company and provides digital signal processing, cybersecurity and electronic warfare products to help DOD and IC agency customers counter near-peer threats. The Virginia-headquartered company uses AI and machine learning to develop signal processing techniques that detect and disrupt command and control platforms and related systems.

“Parsons’ acquisition of BlackSignal will represent a strategic enhancement to our cyber and intelligence and electronic warfare capabilities, reinforcing our commitment to quickly delivering mission-essential solutions that address our customer’s national security requirements,” said Carey Smith, chair, president and CEO of Parsons.

“Our purpose-built Federal Solutions portfolio is addressing national security threats from near-peer adversaries that are becoming increasingly aggressive with rapidly evolving advanced technologies,” added Smith, a 2024 Wash100 awardee and chair of 4×24 Group 1 Leadership.

Parsons expects BlackSignal to generate about $95 million in 2025e revenue and be accretive to its revenue growth, adjusted earnings per share and adjusted EBITDA margins.

Baird served as BlackSignal’s adviser in the transaction and Raymond James advised Parsons.

Sponsor