Banking Recap

PARSONS CORP Announces Acquisition for $375.0M

This deal is a cash acquisition with an earnout component, classified as an M&A transaction in the tech sector, involving Altamira Technologies Corporation as target and Parsons Corp (ticker PSN) as acquirer. The disclosed value of the transaction is $375,000,000.

Jan 15, 2026·SEC EDGAR (8-K)·pending regulatory·cash acquisition with earnout

Deal value

The transaction is sourced from an 8-K filing with the SEC, filed via SEC EDGAR and published on January 15, 2026. The deal's current status is pending regulatory approval.

On the financial advisory side, Baird acted as exclusive financial advisor to Altamira, the target, in a lead capacity, while Barclays acted as exclusive financial advisor to Parsons, the acquirer, also in a lead capacity, per the same source sentence naming both firms' respective exclusive roles.

No legal advisors were extracted for this deal in the facts block, so it is not possible to state which law firms, if any, are representing either side of the transaction.

Beyond the cash consideration with an earnout structure, with a disclosed deal value of $375,000,000, no further detail on the specific earnout terms, milestones, or the split between upfront cash and earnout payments is provided in the facts block.

Several items are not disclosed in the available record. No legal advisors for either party are identified, and the specific earnout mechanics (milestones, caps, timing) referenced by the 'cash acquisition with earnout' subtype are not further detailed. No expected closing date or further timeline detail beyond the January 2026 filing date and pending-regulatory status is given.