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Parsons Acquires Secure Mission Solutions

Acquisition Deepens Parsons' Portfolio of Cybersecurity and Critical Asset Protection Services

PASADENA, CA -- (Marketwired) -- 04/18/14 -- Parsons is pleased to announce that it has acquired Secure Mission Solutions, a premier provider of critical asset protection and cybersecurity services to the national security and defense community, from private equity firm Riordan, Lewis and Hayden Equity Partners. The acquisition will expand Parsons' high-growth cybersecurity market and also build upon Parsons' capabilities in critical asset delivery, sustainment, and protection.

Headquartered in Reston, VA, and with more than 550 employees worldwide, Secure Mission Solutions is uniquely positioned in both the cybersecurity and electronic security markets. It provides domain expertise in virtualization and cloud computing, satellite communications, data center consolidation, identity management, critical infrastructure protection, high-performance computing, network operations center (NOC)/security operations center (SOC) operations and management, and information assurance (IA).

"This acquisition is another important step toward meeting our strategic goal of expanding our national security and defense business, and it strengthens our offerings to new and existing customers for their most vital missions," said Chuck Harrington, Parsons' Chairman and CEO. "The addition of Secure Mission Solutions' capabilities to our current offerings in infrastructure, national security, and defense strongly positions Parsons in the growing cybersecurity and critical infrastructure protection market."

"We're excited about joining Parsons, which has a strong reputation for providing a broad range of professional services to federal customers and for absolute dedication to supporting important defense and intelligence missions," said Phil Lacombe, President of Secure Mission Solutions. "Under the Parsons umbrella, the talented teams throughout Secure Mission Solutions will continue to offer a discriminating set of cybersecurity and electronic security solutions while gaining access to deeper resources, complementary technical capabilities, and a broader customer base."

Secure Mission Solutions will become part of Parsons' government services business unit, led by Mary Ann Hopkins. Houlihan Lokey served as the exclusive advisor to Secure Mission Solutions.

Parsons, celebrating 70 years of growth in the engineering, construction, technical, and professional services industries, is a leader in many diversified markets with a focus on transportation, environmental/infrastructure, defense/security, and resources. Parsons delivers design/design-build, program/construction management, and other professional services packaged in innovative alternative delivery methods to federal, regional, and local government agencies, as well as to private industrial customers worldwide. For more about Parsons, please visit www.parsons.com.

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