Parsons to acquire BCC Engineering for $230M

Parsons (PSN) has entered into a definitive agreement to acquire BCC Engineering, Florida transportation engineering firm, in an all-cash transaction valued at $230M. BCC, a portfolio company of Trivest Partners, is a full-service engineering firm that provides planning, design, and management services for transportation, civil, and structural engineering projects in Florida, Georgia, Texas, South Carolina, and Puerto Rico. BCC will be integrated into Parsons’ North America Infrastructure business unit. Established in Miami, FL, in 1994, BCC is known for its solutions for some of Florida’s largest and most complex roadway and bridge projects. The company has delivered over 100 major projects serving every district for the Florida Department of Transportation. The net transaction value of $221M – including $9M of transaction-related tax benefits – represents approximately 13.0x BCC’s estimated 2025e EBITDA. For 2025, Parsons expects BCC to generate approximately $110M of gross revenue and be accretive to Parsons’ revenue growth and adjusted EBITDA margins. The transaction is expected to close in the next 30 days, subject to customary closing conditions.