Deal Details

PGSC Is Acquired by Booz Allen

Industrial
Technology & Services

PGSC, a subsidiary of PAR Technology, sale to Booz Allen

Summary

PAR Technology Corporation (“PAR Technology”) (NYSE: PAR) has agreed to sell its Government operating segment in two, separate sale transactions of its subsidiaries: PAR Government Systems Corporation (“PGSC”) to Booz Allen Hamilton, Inc. (“Booz Allen”) (NYSE: BAH) and Rome Research Corporation (“RRC”) to NexTech Solutions, LLC (“NTS”), a portfolio company of Clairvest Group, Inc. (“Clairvest”) (TSX: CVG). While the sale of PGSC has closed, the sale of RRC is still subject to customary closing conditions.

Baird served as the exclusive financial advisor to PAR Technology on both transactions.

About

Founded in 1985, PGSC develops innovative solutions for warfighters across strategic mission areas to provide decision and capability advantage to maintain battlespace dominance. PGSC is a key developer for mission-enabling technologies including counter uncrewed aerial systems (C-UAS), tactical situational awareness / geospatial mapping tools, and data solutions for Proliferated Low Earth Orbit (pLEO) space. PGSC is headquartered in Rome, New York.

Booz Allen’s acquisition of PGSC illustrates the following buyer priorities in Defense & Government M&A: (1) innovative technologies applied to critical mission areas of C-UAS, pLEO, and Joint All-Domain Operations; (2) long-term, strategic prime relationships with key national security customers; (3) and continued portfolio shaping to focus on specialized, differentiated offerings to end customers.

Booz Allen is a premier technology creator and integrator for the U.S. federal government, trusted to accelerate change at the heart of the nation’s most critical civil, defense, and national security priorities. Booz Allen employs approximately 34,200 people globally, and had revenue of $10.7 billion for the 12 months ended March 31, 2024. Booz Allen is headquartered in McLean, Virginia.

PAR Technology is a leading global foodservice technology company and provider of unified commerce for enterprise restaurant brands. More than 95,000 restaurants in 110 countries use PAR Technology’s restaurant point-of-sale, digital ordering, loyalty, and back-office software solutions as well as industry-leading hardware and drive-thru offerings. PAR Technology is headquartered in New Hartford, New York.

Industrial
Technology & Services

PGSC, a subsidiary of PAR Technology, sale to Booz Allen