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Parsons to acquire radio tech contractor for $215 million

Katishi Maake
Parsons to acquire radio tech contractor for $215 million

Engineering giant Parsons Corp. (NYSE: PSN) continues to expand with its latest agreement to acquire QRC LLC from private equity firm D.C. Capital Partners LLC for $215 million in cash. This is Parsons' first acquisition since filing its initial public offering at $27 a share in May and its third in the past 14 months. The Centreville-based company has adopted a strategy of acquiring high-growth, defense and intelligence companies with hardware and intellectual property that will offer new capabilities and boost profitability.