Parson acquires Williams Electric Co.
Parsons announced the acquisition of Williams Electric Company, a privately-owned, value-added company specializing in control system integration, electrical and general contracting, and energy infrastructure solutions. Williams Electric has headquarters in Ft. Walton Beach, FL, with company offices in Virginia and Maryland, and employees located at more than 100 customer sites in the United States and abroad. The company’s customers include numerous Department of Defense organizations and a wide range of other U.S. government agencies and organizations.
“This acquisition should be viewed as the latest investment within Parsons’ strategy to grow our leadership position in protecting critical infrastructure assets from threats targeting connected operational technologies, including control systems,” said Chuck Harrington, Parsons Chairman and CEO. “Operational technology (OT) is the new IT in terms of where cyber threats are accessing the connected enterprise. Our strategy is simple — integrate our growing control system leadership with Parsons’ unmatched cyber capabilities to fulfill our promise of unique, converged OT protection for critical infrastructure assets.”
Williams Electric and Parsons share several significant customer relationships within the U.S. government, including the U.S. Army Corps of Engineers as well as numerous classified customer engagements. Parsons is projecting significant U.S. and international growth of its control system business following the Williams Electric acquisition.
“Parsons’ existing contractual relationships with numerous customers within the Departments of Defense, Energy, and Veterans Affairs, and elsewhere are ideal environments for our now expanded control system offering,” said Carey Smith, president of Parsons’ Federal business unit. “And, certainly in regions such as the Middle East where Parsons has been a tier-one player for decades, Williams Electric will bring new opportunities on both sides of the acquisition.”
“Joining forces with Parsons was the right strategic move for both companies,” said Dan Rucker, president of Williams Electric Company. “The market for converged critical infrastructure protection technology is evolving quickly, and the integration of our two companies creates a single-source end-to-end solutions provider for integrated physical and cyber protection solutions.”