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Parsons Corp plans more acquisitions

06 March 2020
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Parsons Corporation, which has acquired three companies in less than two years, has no plans to slow its acquisition pace, according to the head of the US-based technology firm.

“We’re a serially acquisitive company, and we have a certain cadence,” said Chuck Harrington, Parsons’ chairman and CEO. “Usually, our cadence has been one to two companies a year, and I don’t see that changing.”

Parsons was formed in 1944 and did its first acquisition the following year, so “it’s been part of the DNA of the company for a long time,” Harrington said at Cowen and Company’s 41st Annual Aerospace/Defense & Industrials Conference in New York City last month.

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