Parsons Corporation (NYSE:PSN) is one of the best-performing midcap tech stocks in the last 3 years. On October 2, 2025, Parsons announced that it had acquired Applied Sciences Consulting, Inc., a Tampa, Florida–based engineering firm specializing in water and stormwater management solutions.
The all-cash transaction will integrate Applied Sciences into Parsons’ North America Infrastructure business unit, expanding its capabilities in water infrastructure, hydrology, and flood-control systems.
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Parsons stated that the acquisition enhances its resilience and water-infrastructure delivery expertise, particularly in the southeastern U.S., a region expected to benefit from substantial federal and state investment in climate-resilient projects. The company emphasized that the deal aligns with its disciplined M&A strategy, targeting transactions that are accretive and meet revenue growth and adjusted EBITDA margin thresholds above 10%.
Parsons Corporation is based in Chantilly, Virginia. The company provides engineering, cyber, defense, and critical-infrastructure modernization services to government and private clients worldwide. The Applied Sciences acquisition underscores its focus on combining traditional engineering with advanced modeling and data-driven infrastructure solutions.
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