Parsons Acquires Applied Sciences to Enhance Water Management Expertise in Florida

What's Happening?

Parsons Corporation has announced the acquisition of Applied Sciences Consulting, a Tampa-based engineering services provider specializing in water and stormwater projects. This strategic move aims to bolster Parsons' capabilities in water management solutions, particularly in Florida, where significant investments are being made in water infrastructure. Applied Sciences, established in 2005, has been instrumental in developing water infrastructure resilience plans for local agencies across Florida. The acquisition is part of Parsons' broader strategy to expand its critical infrastructure segment and align it with its federal solutions business.

Why It's Important?

The acquisition of Applied Sciences by Parsons is significant as it strengthens Parsons' position in the water management sector, a critical area given the increasing focus on infrastructure resilience amid climate change concerns. Florida's commitment to investing billions in water infrastructure presents a lucrative opportunity for Parsons to expand its market presence and expertise. This move not only enhances Parsons' service offerings but also positions the company to play a pivotal role in advancing community health and development across the Southeast and the broader United States. Stakeholders in the water management and infrastructure sectors stand to benefit from the enhanced capabilities and resources that Parsons can now offer.

What's Next?

Following the acquisition, Parsons is expected to integrate Applied Sciences' operations and expertise into its existing infrastructure projects. This integration will likely involve collaboration with local agencies in Florida to further develop and implement water management solutions. As Florida continues to invest in its water infrastructure, Parsons may seek additional opportunities to expand its footprint in the region. The acquisition could also prompt other companies in the infrastructure sector to pursue similar strategic partnerships or acquisitions to enhance their capabilities and market reach.