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Parsons Acquires Williams Electric to Bolster Position in Infrastructure Protection
Thursday 12 October 2017

12 October 2017 - California, US-based engineering services firm Parsons has acquired Florida, US-based infrastructure solutions provider in electrical and general contracting and energy solutions Williams Electric, the company said.

Terms of the transaction were not disclosed.

Parsons said this acquisition should be viewed as the latest investment within Parsons' strategy to grow its position in protecting critical infrastructure assets from threats targeting connected operational technologies, including control systems.

Williams Electric and Parsons share several customer relationships within the US government, including the US Army Corps of Engineers as well as numerous classified customer engagements.

Parsons is projecting US and international growth of its control system business following the Williams Electric acquisition.

Parsons is in many diversified markets with a focus on infrastructure, defense, security and construction. Parsons delivers design/design-build, program/construction management, systems design/engineering, cyber/converged security, 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.

Williams has company offices in Florida, Virginia and Maryland and employees located at more than 100 customer sites in the US and abroad. The company's customers include numerous Department of Defense organisations other US government agencies and organisations.
Details
Date Published: 12/10/2017
Target: Williams Electric
Country: USA
Sector: Construction/Real Estate
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Parsons
Comment:
Terms of the deal were not disclosed

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