Article

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.