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Parsons To Acquire QRC Technologies In Further Expansion Of Defense And Intel Business

Cal Biesecker By
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Parsons To Acquire QRC Technologies In Further Expansion Of Defense And Intel Business

Parsons Corp. [PSN] on Monday said it has agreed to acquire QRC Technologies for $215 million in cash in a deal that expands its work in the defense and intelligence markets and its offerings in signals intelligence and radio frequency areas. QRC, which is based in Fredericksburg, Va., is owned by the private equity firm DC Capital Partners. The company has about 115 employees and expects to generate about $56 million in sales and $18 million in operating earnings in…

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