Parsons Acquires Applied Sciences Consulting, Inc.
Parsons Corporation (NYSE: PSN) has acquired Applied Sciences Consulting, a Tampa-based engineering firm specializing in water and stormwater solutions. The all-cash transaction strengthens Parsons' water capabilities across Florida and aligns with their strategy of completing accretive acquisitions with revenue growth and adjusted EBITDA margins of at least 10%.
Applied Sciences, founded in 2005, will be integrated into Parsons' North America Infrastructure business unit. The acquisition positions Parsons to capitalize on Florida's significant water infrastructure investments and federal program backing, enhancing their ability to deliver innovative resilience solutions while expanding capabilities to global clients.
Parsons Corporation (NYSE: PSN) ha acquisito Applied Sciences Consulting, una società di ingegneria con sede a Tampa specializzata in soluzioni idriche e di gestione delle acque piovane. La transazione interamente in contanti rafforza le capacità di Parsons nel settore idrico in Florida e si allinea alla loro strategia di realizzare acquisizioni accretive con crescita dei ricavi e margini EBITDA rettificati di almeno il 10%.
Applied Sciences, fondata nel 2005, sarà integrata nell'unità di business North America Infrastructure di Parsons. L'acquisizione posiziona Parsons per sfruttare i significativi investimenti in infrastrutture idriche della Florida e il sostegno di programmi federali, potenziando la loro capacità di offrire soluzioni innovative per la resilienza, espandendo al contempo le loro competenze per clienti globali.
Parsons Corporation (NYSE: PSN) ha adquirido Applied Sciences Consulting, una firma de ingeniería con sede en Tampa especializada en soluciones de agua y drenaje pluvial. La operación en efectivo fortalece las capacidades de Parsons en el ámbito hídrico de Florida y se alinea con su estrategia de realizar adquisiciones accretivas con crecimiento de ingresos y márgenes de EBITDA ajustado de al menos el 10%.
Applied Sciences, fundada en 2005, se integrará en la unidad de negocio North America Infrastructure de Parsons. La adquisición sitúa a Parsons en una posición para aprovechar las importantes inversiones en infraestructura de agua de Florida y el respaldo de programas federales, mejorando su capacidad para ofrecer soluciones de resiliencia innovadoras y ampliando sus capacidades para clientes globales.
Parsons Corporation (NYSE: PSN)은 Tampa에 본사를 둔 엔지니어링 회사인 Applied Sciences Consulting를 인수했습니다. 이 회사는 상하수도 및 폭우 관리 솔루션에 특화되어 있습니다. 현금 전액 현금 거래로 체결된 이번 인수는 플로리다 전역의 Parsons의 수자원 역량을 강화하고 매출 성장과 조정 EBITDA 마진을 최소 10%로 달성하겠다는 수익성 높은 인수 전략과 일치합니다.
Applied Sciences는 2005년에 설립되었으며 Parsons의 North America Infrastructure 사업 부문에 통합될 예정입니다. 이번 인수는 플로리다의 유수한 수자원 인프라 투자와 연방 프로그램의 지원을 활용할 수 있도록 Parsons의 역량을 강화하여 혁신적인 회복력 솔루션을 제공하고 글로벌 클라이언트를 위한 역량도 확장하게 될 것입니다.
Parsons Corporation (NYSE: PSN) a acquis Applied Sciences Consulting, une société d’ingénierie basée à Tampa spécialisée dans les solutions liées à l’eau et aux eaux pluviales. Cette opération entièrement en cash renforce les capacités hydrauliques de Parsons en Floride et s’inscrit dans leur stratégie consistant à réaliser des acquisitions accréditives avec une croissance des revenus et des marges EBITDA ajustées d’au-moins 10 %.
Applied Sciences, fondée en 2005, sera intégrée à l’unité North America Infrastructure de Parsons. Cette acquisition place Parsons dans une position favorable pour tirer parti des importantes investissements dans les infrastructures hydrauliques en Floride et du soutien des programmes fédéraux, renforçant leur capacité à offrir des solutions d’innovation en matière de résilience tout en élargissant leurs compétences pour des clients mondiaux.
Parsons Corporation (NYSE: PSN) hat Applied Sciences Consulting, ein in Tampa ansässiges Ingenieurunternehmen, das sich auf Wasser- und Regenwassersysteme spezialisiert, übernommen. Die bar zahlte Transaktion stärkt Parsons' Wasserkompetenzen in Florida und passt zu ihrer Strategie, akkurate Zuwächse durch Akquisitionen zu realisieren und eine Umsatzentwicklung sowie eine bereinigte EBITDA-Marge von mindestens 10% zu erreichen.
Applied Sciences, gegründet im Jahr 2005, wird in Parsons' North America Infrastructure-Geschäftseinheit integriert. Die Übernahme positioniert Parsons, um von Floridas erheblichen Investitionen in Wasserinfrastruktur und der Unterstützung durch Bundesprogramme zu profitieren, die Fähigkeit zu erweitern, innovative Resilienzlösungen zu liefern, und gleichzeitig Fähigkeiten für globale Kunden auszubauen.
Parsons Corporation (NYSE: PSN) استحوذت على Applied Sciences Consulting، وهي شركة هندسية مقرها في تامبا متخصصة في حلول المياه والمياه المطرية. الصفقة النقدية بالكامل تقوي قدرات Parsons في مجال المياه عبر فلوريدا وتتوافق مع استراتيجيتهم لإجراء عمليات استحواذ مُضافة تحقق نمو الإيرادات وهوامش EBITDA المعدلة التي تبلغ 10% على الأقل.
سيتم دمج Applied Sciences، التي تأسست في عام 2005، في وحدة أعمال البنية التحتية لشمال أمريكا في Parsons. تتيح الصفقة لبارسونز الاستفادة من استثمارات فلوريدا الكبيرة في البنية التحتية للمياه ودعم البرامج الفيدرالية، مما يعزز قدرتهم على تقديم حلول ابتكارية للمرونة مع توسيع القدرات للعملاء العالميين.
Parsons Corporation (NYSE: PSN) 已收购 Applied Sciences Consulting，这是一家总部位于坦帕、专注于水务及暴雨水管理解决方案的工程公司。此全现金交易增强了 Parsons 在佛罗里达州的水务能力，并与其通过实现营收增长和经调整的 EBITDA 利润率至少达到 10% 的增值并购策略相一致。
Applied Sciences 成立于 2005 年，将并入 Parsons 的北美基础设施事业部。此次收购使 Parsons 能够把握佛罗里达州在水务基础设施方面的重大投资及联邦项目的支持，提升其为全球客户提供创新韧性解决方案的能力，并扩展相关能力。
- Strategic expansion into Florida's growing water infrastructure market
- Acquisition meets target of >10% adjusted EBITDA margins
- Access to Applied Sciences' strong client relationships and expertise in water solutions
- Positions company to capitalize on billions in committed Florida water infrastructure spending
- All-cash transaction may impact immediate cash reserves
Insights
Parsons strengthens Florida water infrastructure position through strategic acquisition of Applied Sciences, expanding capabilities amid significant state investment.
Parsons Corporation's acquisition of Applied Sciences Consulting represents a strategic expansion of their water infrastructure capabilities in the growing Florida market. This all-cash transaction aligns perfectly with Parsons' stated acquisition strategy, which targets companies with revenue growth and adjusted EBITDA margins of at least
The timing is particularly advantageous as Florida has committed billions to water infrastructure, resilience, and quality improvements, with additional federal program support. This creates a substantial addressable market opportunity for the combined entity, positioning Parsons to capture increased market share in stormwater management and water infrastructure projects across the state.
Applied Sciences brings two decades of specialized expertise in water solutions for municipalities and water management districts, along with established client relationships throughout Florida. The integration into Parsons' North America Infrastructure business unit should create immediate synergies by combining Applied Sciences' local expertise with Parsons' global capabilities and resources.
While financial details weren't disclosed beyond it being an all-cash transaction, this acquisition fits Parsons' pattern of pursuing accretive acquisitions that strengthen their position in growth markets. The water infrastructure sector presents long-term opportunities driven by climate resilience concerns, aging infrastructure, and increased government spending - all factors that make this acquisition a logical step in Parsons' broader growth strategy.
Strategic acquisition strengthens Parsons’ water capabilities across Florida
CHANTILLY, Va., Oct. 02, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced it has acquired Applied Sciences Consulting, Inc., a Florida-based engineering firm that specializes in water and stormwater solutions for cities, counties, and water management districts across the state.
Founded in 2005, Applied Sciences is based in Tampa, Florida, and works closely with agencies across Florida to deliver solutions that protect and advance the region’s water infrastructure resilience. The acquisition expands Parsons’ water expertise, strengthens its presence in Florida, and is consistent with the company’s strategy of completing accretive acquisitions with revenue growth and adjusted EBITDA margins of at least
“Parsons is an industry leader in the water sector, having transformed some of the world’s most complex water and wastewater projects through advanced processes, facilities, and technologies. Especially as Florida continues to make significant investments to enhance the state’s water infrastructure, this acquisition expands our global expertise and our ability to advance community health and development in the Southeast and across the United States,” said Carey Smith, chair, president, and chief executive officer of Parsons Corporation. “Applied Sciences expertise, strong client relationships, and talented professionals will allow us to continue delivering results for the communities we serve. I look forward to welcoming the Applied Sciences team into Parsons.”
Florida has committed billions to water infrastructure, resilience, and quality, with further backing from federal programs. These investments position the state for long-term environmental stability and economic growth by helping communities reduce risk, secure water supply, and protect critical coastal assets. Parsons’ acquisition of Applied Sciences enhances the company’s ability to partner with Florida communities on delivering innovative solutions for their resiliency challenges, while expanding those capabilities to new and existing clients around the world.
“When I founded Applied Sciences 20 years ago, I believed that engineering—done right—could help cities and counties solve their toughest challenges and build stronger, more resilient communities. That belief has guided our work ever since, particularly in areas like flood resilience, where the stakes are high and innovation is essential,” said Elie Araj, founder and president of Applied Sciences, “As we join Parsons, we’re stepping into a future where our impact can scale both nationally and globally. Together, we’ll bring our expertise to a broader audience, offer our clients even greater resources, open up exciting new opportunities for our people, and help communities everywhere meet the infrastructure challenges ahead. I’m incredibly proud of what we’ve built—and even more energized by what’s next.”
Morrissey Goodale advised Applied Sciences in this transaction.
About Parsons
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn to learn how we’re making an impact.
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