Parsons Corporation (NYSE:PSN) is one of the Best Performing Mid-Cap Tech Stocks Over the Last 3 Years. On October 2, 2025, Parsons (NYSE:PSN) announced that it had acquired Applied Sciences Consulting, Inc., a Tampa, Florida-based engineering firm specializing in water and stormwater management solutions.
The all-cash transaction will integrate Applied Sciences into Parsons’ North American Infrastructure business unit, expanding its capabilities in water infrastructure, hydrology and flood control systems.
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Parsons said the acquisition enhances its resilience and expertise in delivering water infrastructure, particularly in the Southeastern U.S., a region expected to benefit from significant federal and state investment in climate resilient projects. The company emphasized that the deal aligns with its disciplined M&A strategy, targeting transactions that are accretive and meet revenue growth and adjusted EBITDA margin thresholds above 10%.
Parsons Corporation (NYSE:PSN) is headquartered in Chantilly, Virginia. The company provides engineering, cyber, defense and critical infrastructure modernization services to government and private clients around the world. The acquisition of Applied Sciences underscores its focus on combining traditional engineering with advanced modeling and data-driven infrastructure solutions.
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