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.
The Space Development Agency has awarded $3.5 billion in other transaction authority agreements to Lockheed Martin, L3Harris Technologies, Northrop Grumman…
The Defense Health Agency has awarded TriWest Healthcare Alliance $6.8 billion to continue providing healthcare and administrative services in support…
Parsons filed with the Securities and Exchange Commission for an initial public offering to raise approximately $500M, Reuters reported Friday.
