Parsons Corporation (PSN) has acquired Maryland-based Chesapeake Technologies International, Corp. in an $89 million transaction.
This move aligns with Parsons Corporation (PSN) strategy of securing accretive acquisitions with revenue growth and adjusted EBITDA margins of at least 10%.
Chesapeake Technologies International is projected to generate approximately $89 million in revenue for 2026.
Carey Smith, chair, president, and CEO of Parsons, described the acquisition as a logical addition to their growth strategy.
He emphasized that this deal strengthens their mission-ready solutions for the Department of Defense.
