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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.