Parsons Corporation Acquires IPKeys Power Partners

IPKeys Power Partners Acquires SigmaFlow LLC

February 4, 2019

Cybersecurity

IPKeys Power Partners (a subsidiary of IPKeys) has completed the acquisition of SigmaFlow LLC, a provider of utility-focused automated compliance technology for NERC CIP. The deal expands IPKeys' Cyber Lab as a Service (CLaaS) offering and brings SigmaFlow's NERC compliance workflow platform into IPKeys' broader cybersecurity and utility solutions for investor-owned utilities, municipal power producers and cooperatives.

Parsons Corporation Acquires Sealing Technologies, Inc.

September 13, 2023

Cybersecurity

Parsons Corporation acquired Columbia, Maryland-based Sealing Technologies, Inc. in a transaction valued at up to $200 million (including $175 million cash at closing and a $25 million earn-out). The acquisition expands Parsons' defensive cyber, AI/ML, edge computing, and critical infrastructure protection capabilities and brings nearly 150 SealingTech employees (70% with security clearances) into Parsons' Defense & Intelligence unit.

IPKeys Power Partners Acquires N-Dimension Solutions; EnerTech Capital Invests in IPKeys

November 18, 2019

Cybersecurity

IPKeys Power Partners has acquired Ontario-based N-Dimension Solutions, a managed detection and remediation (MDR) provider serving utilities, and will integrate N-Dimension into its IPKeys Power Partners platform. The transaction also included an equity investment in IPKeys from EnerTech Capital to support growth and strategic expansion of IPKeys' Cyber Lab as a Service offering.

Parsons Acquires Chesapeake Technology International (CTI) for $89M

July 1, 2025

Aerospace & Defense

Parsons Corporation has acquired Maryland-based Chesapeake Technology International, Corp (CTI), a portfolio company of Bluestone Investment Partners, in a transaction valued at $89 million. The acquisition adds CTI's electromagnetic-warfare and all-domain solutions and its ~225 employees to Parsons' Defense & Intelligence business, strengthening Parsons' capabilities for Special Operations and INDOPACOM customers and is expected to be accretive to revenue and adjusted EPS.

Parsons Corporation Acquires BlackSignal Technologies

July 30, 2024

Cybersecurity

Parsons Corporation has entered into a definitive agreement to acquire BlackSignal Technologies, LLC from Razor's Edge Management, LLC for $200 million in cash. The deal — expected to close in August 2024 — will integrate BlackSignal into Parsons' Defense & Intelligence business unit and expand Parsons' electronic warfare, cyber, and AI/ML-enabled signal processing capabilities for Department of Defense and Intelligence Community customers.

Parsons Acquires Altamira Technologies Corporation

January 16, 2026

Aerospace & Defense

Parsons Corporation has acquired Altamira Technologies Corporation in a cash transaction of $330 million with an additional $45 million earn-out, valuing the deal at up to $375 million. The acquisition brings Altamira’s ~600 engineering and cleared workforce and advanced capabilities in signals intelligence, AI/ML analytics, missile warning and space mission support into Parsons’ Defense & Intelligence business to expand the company’s SIGINT, cyber and space offerings for Department of Defense and Intelligence Community customers.