Parsons acquires Altamira Technologies in deal worth up to $375M

Parsons (PSN) announced that it has acquired Northern Virginia-based Altamira Technologies Corporation in a transaction valued up to $375M. Founded in 1999, Altamira enhances Parsons’ defense and intelligence portfolio by delivering advanced analytics, signals intelligence, cyber, missile warning, and space capabilities, complementing the company’s strengths in all-domain technology integration and Indo-Pacific operations, and expanding with Intelligence Community customers. Parsons paid $330M of cash at closing for Altamira, with an additional $45M cash earn out payable in Q1 2027 if certain EBITDA targets are met during 2026. The base purchase price implies a 12.8x multiple on the anticipated Altamira 2026 EBITDA contribution before considering any revenue or cost synergies. Parsons estimates Altamira will generate over $200M of revenue in 2026 and that the transaction will be accretive to Parsons’ fiscal year 2026 revenue growth rate, adjusted EBITDA margin, and adjusted earnings per share.