Parsons Corp plans more acquisitions

06 March 2020

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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