Parsons to acquire Braxton Science & Technology Group

Parsons said today it has agreed to acquire Braxton Science & Technology Group and its subsidiaries in a move meant to expand Parsons' space, cyber and intelligence work.

"BSTG's broad portfolio of commercial off-the-shelf products -- as well as their sustainment of government off-the-shelf products -- provide mission-critical solutions including spacecraft ground control and spacecraft integration," Parsons said. "BSTG has over 50 differentiated space-mission product offerings consisting of software and hardware products combined with advanced engineering services."

Parsons said the Colorado Springs, CO-based Braxton will be integrated into its space and geospatial solutions business, adding more than 370 employees.

The deal is valued at about $258 million, Parsons said, and Braxton is expected to produce sales of about $133 million in 2021.