Deal Details
BlackSignal Is Acquired by Parsons
Summary
BlackSignal Technologies ("BlackSignal" or the “Company”), a portfolio company of Razor's Edge, has announced its acquisition by Parsons Corporation (“Parsons”) (NYSE: PSN). The transaction is subject to various regulatory approvals and customary closing conditions.
Baird served as exclusive financial advisor to BlackSignal on this transaction.
About
BlackSignal is a digital signal processing and electronic warfare platform delivering advanced signal processing and cyber mission effects to key programs in support of national security. Since its founding in 2007, the Company has established a reputation with U.S. Department of Defense (DoD) and Intelligence Community (IC) as a trusted innovator of digital signal processing and tracking of radio frequency signals of interest. The Company is based in Chantilly, Virginia.Parsons’ acquisition of BlackSignal illustrates key themes in Defense & Government M&A: (1) strong market interest for companies with distinguished technical capabilities in high growth markets like signals intelligence (SIGINT), electronic warfare (EW), and cyber; (2) significant demand for companies with strong mission alignment in the DoD and IC; and (3) a focus on proprietary solutions and products for national security applications.
Razor’s Edge is a differentiated growth equity firm that invests in technology companies solving significant challenges in the national security market. In addition to providing capital to accelerate the pace of innovation, Razor’s Edge offers direct and practical operational support informed by decades of collective experience in the national security sector. Razor’s Edge is based in Reston, Virginia.
Parsons is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Parsons is headquartered in Chantilly, Virginia.
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- Date
- July 2024
- Company
- BlackSignal Technologies
- Transaction
- M&A - Sellside
- Sectors
- Industrial
- Verticals
-
Defense & Government
- Target Geography
- North America
- Acquiror Geography
- North America
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