Parsons Acquires Chesapeake Technologies International
Parsons Corporation (NYSE:PSN) has announced the acquisition of Chesapeake Technologies International (CTI) for $89 million. The Maryland-based CTI, previously a Bluestone Investment Partners portfolio company, specializes in electromagnetic warfare and all-domain technology solutions for U.S. defense markets.
CTI brings a workforce of over 225 employees, with 87% holding security clearances. The company will be integrated into Parsons' Defense & Intelligence business unit. The acquisition is expected to generate approximately $89 million in revenue for 2026, with an estimated adjusted EBITDA multiple of 10x.
The strategic acquisition enhances Parsons' capabilities in the Indo-Pacific Command area and strengthens its position with Special Operations forces. CTI's expertise spans electromagnetic spectrum, cyberspace, autonomous systems, and special communications, with a focus on developing advanced warfighter-focused solutions for military and security applications.
Parsons Corporation (NYSE:PSN) ha annunciato l'acquisizione di Chesapeake Technologies International (CTI) per 89 milioni di dollari. CTI, con sede nel Maryland e precedentemente parte del portafoglio Bluestone Investment Partners, è specializzata in guerra elettromagnetica e soluzioni tecnologiche multidominio per i mercati della difesa statunitense.
CTI conta su una forza lavoro di oltre 225 dipendenti, di cui il 87% con autorizzazioni di sicurezza. L'azienda sarà integrata nell'unità di business Defense & Intelligence di Parsons. L'acquisizione dovrebbe generare circa 89 milioni di dollari di ricavi nel 2026, con un multiplo di EBITDA rettificato stimato di 10 volte.
Questa acquisizione strategica potenzia le capacità di Parsons nell'area del Comando Indo-Pacifico e rafforza la sua posizione con le forze delle Operazioni Speciali. L'esperienza di CTI copre lo spettro elettromagnetico, il cyberspazio, i sistemi autonomi e le comunicazioni speciali, con un focus sullo sviluppo di soluzioni avanzate orientate al combattente per applicazioni militari e di sicurezza.
Parsons Corporation (NYSE:PSN) ha anunciado la adquisición de Chesapeake Technologies International (CTI) por 89 millones de dólares. CTI, con sede en Maryland y anteriormente parte del portafolio de Bluestone Investment Partners, se especializa en guerra electromagnética y soluciones tecnológicas multidominio para los mercados de defensa de EE.UU.
CTI cuenta con una plantilla de más de 225 empleados, de los cuales el 87% posee autorizaciones de seguridad. La empresa se integrará en la unidad de negocio Defense & Intelligence de Parsons. Se espera que la adquisición genere aproximadamente 89 millones de dólares en ingresos para 2026, con un múltiplo ajustado de EBITDA estimado de 10 veces.
Esta adquisición estratégica mejora las capacidades de Parsons en la zona del Comando Indo-Pacífico y fortalece su posición con las fuerzas de Operaciones Especiales. La experiencia de CTI abarca el espectro electromagnético, el ciberespacio, los sistemas autónomos y las comunicaciones especiales, enfocándose en desarrollar soluciones avanzadas orientadas al combatiente para aplicaciones militares y de seguridad.
Parsons Corporation (NYSE:PSN)가 Chesapeake Technologies International (CTI)를 8,900만 달러에 인수했다고 발표했습니다. 메릴랜드에 본사를 둔 CTI는 이전에 Bluestone Investment Partners 포트폴리오 회사였으며, 미국 방위 시장을 위한 전자전 및 전 영역 기술 솔루션을 전문으로 합니다.
CTI는 225명 이상의 직원을 보유하고 있으며, 그 중 87%가 보안 승인을 받았습니다. 이 회사는 Parsons의 Defense & Intelligence 사업부에 통합될 예정입니다. 이번 인수는 2026년에 약 8,900만 달러의 매출을 창출할 것으로 예상되며, 조정 EBITDA 배수는 약 10배로 추정됩니다.
이번 전략적 인수는 Parsons의 인도-태평양 사령부 지역 내 역량을 강화하고 특수작전 부대와의 입지를 강화합니다. CTI의 전문 분야는 전자기 스펙트럼, 사이버 공간, 자율 시스템 및 특수 통신에 걸쳐 있으며, 군사 및 보안 응용을 위한 첨단 전투원 중심 솔루션 개발에 중점을 두고 있습니다.
Parsons Corporation (NYSE:PSN) a annoncé l'acquisition de Chesapeake Technologies International (CTI) pour 89 millions de dollars. CTI, basée dans le Maryland et auparavant une société du portefeuille de Bluestone Investment Partners, est spécialisée dans la guerre électromagnétique et les solutions technologiques multidomaines pour les marchés de la défense américaine.
CTI compte une équipe de plus de 225 employés, dont 87 % disposent d'habilitations de sécurité. L'entreprise sera intégrée à l'unité commerciale Defense & Intelligence de Parsons. Cette acquisition devrait générer environ 89 millions de dollars de revenus en 2026, avec un multiple d'EBITDA ajusté estimé à 10x.
Cette acquisition stratégique renforce les capacités de Parsons dans la zone du Commandement Indo-Pacifique et consolide sa position auprès des forces des opérations spéciales. L'expertise de CTI couvre le spectre électromagnétique, le cyberespace, les systèmes autonomes et les communications spéciales, avec un accent sur le développement de solutions avancées axées sur le combattant pour des applications militaires et de sécurité.
Parsons Corporation (NYSE:PSN) hat die Übernahme von Chesapeake Technologies International (CTI) für 89 Millionen US-Dollar bekannt gegeben. CTI mit Sitz in Maryland, zuvor ein Unternehmen im Portfolio von Bluestone Investment Partners, ist spezialisiert auf elektromagnetische Kriegsführung und technologieübergreifende Lösungen für den US-Verteidigungsmarkt.
CTI bringt eine Belegschaft von über 225 Mitarbeitern mit, von denen 87 % eine Sicherheitsfreigabe besitzen. Das Unternehmen wird in die Geschäftseinheit Defense & Intelligence von Parsons integriert. Die Übernahme wird voraussichtlich etwa 89 Millionen US-Dollar Umsatz für 2026 generieren, mit einem geschätzten bereinigten EBITDA-Multiplikator von 10x.
Die strategische Übernahme stärkt die Fähigkeiten von Parsons im Bereich des Indo-Pazifik-Kommandos und festigt die Position bei den Spezialoperationseinheiten. Die Expertise von CTI umfasst das elektromagnetische Spektrum, den Cyberspace, autonome Systeme und spezielle Kommunikation, mit Fokus auf die Entwicklung fortschrittlicher, kriegerorientierter Lösungen für militärische und sicherheitsrelevante Anwendungen.
- Acquisition expected to be accretive to revenue growth rate, adjusted EBITDA margin, and adjusted diluted EPS
- Brings over 225 skilled employees with 87% holding security clearances
- Strengthens Parsons' position in growing full-spectrum operations market
- Enhances capabilities in Indo-Pacific Command operations area
- Aligns with government spending priorities in defense sector
- Expected revenue of $89 million for 2026
- Significant capital outlay of $89 million for the acquisition
Insights
Parsons' $89M acquisition of CTI strengthens defense capabilities and financial outlook with expected accretive impact across key metrics.
Parsons Corporation's
This acquisition offers Parsons several strategic advantages. First, it strengthens Parsons' relationship with Special Operations forces and expands its presence in the Indo-Pacific Command area, a region of increasing geopolitical significance. Second, CTI brings specialized electromagnetic spectrum capabilities that align with evolving defense priorities against near-peer threats. Third, the addition of 225 employees,
The transaction is expected to be accretive to Parsons' revenue growth rate, adjusted EBITDA margin, and adjusted diluted EPS. This indicates the acquisition should immediately contribute positively to Parsons' financial performance rather than diluting shareholder value during an integration period. The vertical integration of CTI's solution stack for electromagnetic spectrum, cyberspace, autonomous systems, and special communications capabilities should also create cross-selling opportunities with Parsons' existing defense customers.
This transaction continues Parsons' pattern of targeted acquisitions in the defense technology space, focusing on companies with strong margins and intellectual property that complement its existing portfolio. With government funding expected to increase for full-spectrum operations, the timing positions Parsons to potentially capture greater market share in this growing segment.
Acquisition bolsters Parsons’ electromagnetic warfare and all-domain solutions for the U.S. defense market
CHANTILLY, Va., July 01, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has acquired Maryland-based Chesapeake Technologies International, Corp (CTI), a portfolio company of Bluestone Investment Partners, in a transaction valued at
Founded in 2000, CTI strengthens Parsons’ defense customer posture with the Special Operations forces and enhances Parsons’ position in the Indo-Pacific Command (INDOPACOM) area of operations. CTI brings extensive capabilities as an all-domain technology solutions provider, powered by cutting-edge products that enhance the warfighters’ ability to sense, evaluate and deliver effects within the invisible battlespaces. These capabilities are critical for modern warfare and align with the new administration's spending priorities.
The transaction is consistent with Parsons’ strategy of completing accretive acquisitions of companies with revenue growth and adjusted EBITDA margins of at least
"Acquiring CTI is a logical addition to our growth strategy, enhancing our mission-ready solutions for the Department of Defense," said Carey Smith, chair, president, and CEO of Parsons. "CTI’s spectrum dominance solutions strengthen our portfolio and position us to capture a larger share of the full-spectrum operations market, which is poised for increased government funding due to evolving near-peer threats. Their commitment to addressing our nation’s security challenges aligns perfectly with Parsons’ mission and culture. I welcome their talented team into the Parsons family as we imagine next, together."
CTI is headquartered in Prince Frederick, Maryland, and focuses on developing advanced, warfighter-focused solutions for military and security applications. Providing a vertically integrated solution stack, CTI allows its customers to SEE (Sense, Evaluate, Effect) the invisible battlespaces and close the target engagement cycle. CTI maintains domain expertise in the electromagnetic spectrum, cyberspace, autonomous systems, and special communications and has a track record of transitioning its prototyped solutions to fielded systems for operational commands.
"We are excited to join forces with Parsons, an ongoing partnership that represents a shared vision for innovation and excellence in serving our nation's warfighters," said Dustan Hellwig, co-founder and chief strategy officer of CTI. "Our cultures are deeply aligned, focusing on relentless innovation and a commitment to enhancing capabilities that directly support the mission of those who protect our freedoms. Together, we will leverage our combined strengths to expand our customer base and deliver cutting-edge solutions that effectively address the evolving challenges faced by the Department of Defense."
The transaction is valued at
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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