Parsons Corporation Acquires Altamira Technologies for $375M

On January 15, 2026, Parsons Corporation (NYSE: PSN) has completed the acquisition of Altamira Technologies Corporation, a Northern Virginia-based firm, in a transaction valued at up to $375 million. Founded in 1999, Altamira specializes in advanced analytics, signals intelligence (SIGINT), cyber operations, missile warning, and space capabilities, which will significantly enhance Parsons’ existing defense and intelligence offerings.

Carey Smith, chair, president, and CEO of Parsons, stated, “Acquiring Altamira is a strategic accelerator for our national security growth strategy, strengthening Parsons’ ability to deliver rapid and agile mission-ready, intelligence-driven solutions across the Department of War and the Intelligence Community.” He emphasized that Altamira’s capabilities align seamlessly with Parsons’ mission and culture.

Altamira, headquartered in McLean, Virginia, is recognized for its elite workforce, with over 90% of its more than 600 employees holding security clearances. The company has a proven track record in rapidly transitioning innovative prototypes into operational capabilities, directly supporting the Department of War and the Intelligence Community’s push for faster acquisition cycles and digital modernization.

Jane Chappell, CEO of Altamira, expressed enthusiasm about the merger, stating, “We are excited to join forces with Parsons, a partnership that reflects our shared commitment to innovation, mission excellence, and delivering decisive advantages to the warfighter.” She noted that both organizations prioritize agility and technical excellence.

The acquisition is expected to be accretive to Parsons’ fiscal year 2026 revenue growth rate, adjusted EBITDA margin, and adjusted earnings per share. Parsons paid $330 million in cash at closing, with an additional $45 million earn-out contingent on meeting specific EBITDA targets in 2026. This base purchase price implies a 12.8x multiple on the anticipated Altamira 2026 EBITDA contribution.

Barclays served as the exclusive financial advisor to Parsons, while Baird acted as the exclusive financial advisor to Altamira. The transaction aligns with Parsons’ strategy of pursuing accretive acquisitions that enhance its portfolio and revenue growth.

Looking ahead, Parsons aims to integrate Altamira’s capabilities into its Defense & Intelligence business unit, enhancing its market position in the rapidly evolving intelligence and multi-domain operations market. The company anticipates that Altamira will generate over $200 million in revenue in 2026, further solidifying its strategic objectives in national security.