- Parsons Corporation has acquired Maryland-based Sealing Technologies, Inc. (SealingTech) in a deal valued at up to $200 million, aiming to bolster its full-spectrum cyber operations solutions for the Defense and Intelligence communities.
- The acquisition aligns with Parsons’ growth strategy and is expected to enhance the company’s capabilities in defensive cyber operations, AI-powered mission solutions, edge computing, and secure data management.
Parsons Corporation Acquires Sealing Technologies, Boosting Cybersecurity Capabilities
Centreville, VA, Aug. 23, 2023, Parsons Corporation announced today that it has acquired Maryland-based Sealing Technologies, Inc. (SealingTech) in a transaction valued at up to $200 million. The acquisition aims to strengthen Parsons’ position as a cyber leader in the national security market.
Strategic Move in Cyber Operations “The addition of SealingTech is a natural extension of our growth strategy, adding critical, mission-ready solutions for our Department of Defense and Intelligence Community customers,” said Carey Smith, Parsons’ chair, president, and chief executive officer. Founded in 2012, SealingTech expands Parsons’ customer base across the Department of Defense and Intelligence Community, further enhancing the company’s capabilities in defensive cyber operations, AI and machine learning-powered mission solutions, edge computing, and secure data management.
A Win-Win Partnership Edward Sealing, chief executive officer of SealingTech, expressed enthusiasm about the acquisition, stating, “This partnership is the perfect next step in the future of our two companies. There is complete alignment with our culture and values, and we share a common passion for supporting our nation’s most pressing security challenges.”
The acquisition is consistent with Parsons’ strategy of completing accretive acquisitions that strengthen the company’s existing portfolio. SealingTech’s nearly 150 employees, 70% of whom hold security clearances, will be aligned to Parsons’ Defense & Intelligence business unit.
