Parsons Corporation (NYSE:PSN) is one of the best-performing midcap tech stocks in the last 3 years. On October 2, 2025, Parsons (NYSE:PSN) 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.
Source: pixabay
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 (NYSE:PSN) 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.
While we acknowledge the potential of PSN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None.
