Parsons Acquires Applied Sciences Consulting, Inc.

Core Insights - Parsons Corporation has acquired Applied Sciences Consulting, Inc., enhancing its water capabilities in Florida and aligning with its strategy of accretive acquisitions with revenue growth and adjusted EBITDA margins of at least 10% [1][2][3] Company Overview - Parsons Corporation is a leading provider in national security and global infrastructure markets, with expertise in various sectors including water and environment [5] Acquisition Details - The acquisition of Applied Sciences, an engineering firm specializing in water and stormwater solutions, was an all-cash transaction and will be integrated into Parsons' North America Infrastructure business unit [2][3] - Founded in 2005, Applied Sciences has established strong client relationships and focuses on enhancing water infrastructure resilience in Florida [2][4] Strategic Importance - The acquisition strengthens Parsons' presence in Florida, a state that has committed billions to water infrastructure improvements, thereby positioning the company to better serve local communities [3] - This move allows Parsons to leverage Applied Sciences' expertise to deliver innovative solutions for water resilience challenges, expanding capabilities to both new and existing clients globally [3][4]