Parsons (PSN) announced that it has acquired Maryland-based Chesapeake Technologies International, a portfolio company of Bluestone Investment Partners, in a transaction valued at $89M. Founded in 2000, CTI strengthens Parsons’ defense customer posture with the Special Operations forces and enhances Parsons’ position in the Indo-Pacific Command 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 valued at $89M, or approximately 10x CTI’s estimated 2026 adjusted EBITDA. For 2026, CTI is expected to generate revenue of approximately $89M. Parsons expects the transaction to be accretive to its fiscal year revenue growth rate, adjusted EBITDA margin, and adjusted diluted earnings per share.
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