Parsons Acquires Altamira for $330 Million to Enhance Defense & Intelligence Capabilities
Parsons has acquired Altamira for $330 million in cash, with an additional potential earn-out of $45 million based on EBITDA targets. This strategic move aims to bolster Parsons' Defense & Intelligence capabilities and is expected to contribute over $200 million in revenue by 2026, while integrating more than 600 Altamira employees into its business unit. The acquisition reflects a 12.8x multiple on projected 2026 EBITDA, excluding synergies.
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Parsons has acquired Altamira for $330 million in cash, with a potential additional $45 million earn-out in Q1 2027 contingent on EBITDA targets. This acquisition aligns with Parsons' strategy to enhance revenue growth and intellectual property, bringing over 600 Altamira employees into its Defense & Intelligence business unit.
Altamira is projected to generate over $200 million in revenue in 2026, contributing to Parsons' fiscal year 2026 growth metrics, including adjusted EBITDA margin and earnings per share. The base purchase price reflects a 12.8x multiple on anticipated 2026 EBITDA, excluding synergies. Barclays and Baird served as financial advisors for Parsons and Altamira, respectively.
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