Parsons has agreed to acquire Miami-based BCC Engineering for approximately $230 million in cash as part of a push to enhance its infrastructure capabilities and expand its presence in the Southeastern U.S.
Strengthening Infrastructure Capabilities
Parsons said Monday the all-cash transaction is expected to be finalized in the next 30 days and aligns with its strategy of buying high-growth firms with greater than 10 percent revenue growth and adjusted earnings before interest, taxes, depreciation and amortization margins.
Upon the deal’s closing, BCC will be part of the North America infrastructure business unit of Parsons.
âParsonsâ acquisition of BCC represents another important milestone in our mission to advance mobility solutions across North America,â said Carey Smith, chair, president and CEO of Parsons.
âThe addition of BCCâs talented team expands our service offerings and furthers our impact during this transformative era for infrastructure. Our collaboration will enable us to drive progress, foster economic growth, and ultimately create more connected and resilient infrastructure across the nation,â added the 2024 Wash100 awardee and chair of Executive Mosaicâs 4Ă24 Group 1 Leadership.
For calendar year 2025, Parsons expects BCC to record about $110 million in revenue and be accretive to its revenue growth and adjusted EBITDA margins.
Full-Service Engineering Firm
Founded in 1994, BCC is a full-service engineering firm focused on providing planning, design and management support services for transportation, structural and civil engineering projects in Florida, Georgia, South Carolina, Texas and Puerto Rico.
The portfolio company of private equity firm Trivest Partners has provided best-in-class platforms for some of Floridaâs largest roadway and bridge projects. It has delivered over 100 major projects supporting every district for the state’s Department of Transportation.
BofA Securities acted as Parsons’ adviser in the transaction. Jenner & Block and Akerman advised BCC.
