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.
The transaction is consistent with Parsons' strategy of acquiring high-growth companies with greater than 10% revenue growth and adjusted EBITDA margins. BCC will be integrated into Parsons' North America Infrastructure business unit.
The net transaction value of $221m (including $9 million of transaction-related tax benefits) represents approximately 13.0x BCC's estimated 2025e EBITDA. For 2025, Parsons expects BCC to generate approximately $110 million 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
