September 30, 2016 6:21 PM ET

Construction and Engineering

Company Overview of Parsons Corporation

Company Overview

Parsons Corporation provides engineering, construction, technical, and management services to customers in the United States and internationally. The company offers services in the areas of asset management; commissioning, qualifications, and validation; condition assessments; construction; cyber security; design; disaster response; information technology; intelligence/security; operations and services; planning; and program/construction management. It serves defense and security markets, including defense, environmental, infrastructure, intelligence, and security; industrial markets comprising buildings and vertical, communications, energy and chemicals, environmental, and vehicle inspectio...

100 West Walnut Street

Pasadena, CA 91124

United States

Founded in 1944





Key Executives for Parsons Corporation

Chairman and Chief Executive Officer
Age: 57
Group President
Chief Financial Officer and Executive Vice President
Age: 57
Executive Vice President of Operations
Vice Chairman, Chief Risk Advisor and Interim President of Federal Business Unit
Compensation as of Fiscal Year 2016.

Parsons Corporation Key Developments

Parsons and Iteris, Inc. to Provide Cost-Saving Systems and Services for Nebraska’s Snow Plows

Parsons has been awarded a 5-year contract to provide a Maintenance Decision Support System (MDSS) and automatic vehicle location system and services on 650 snow plows throughout Nebraska. Parsons will use MDSS informatics technology developed by Iteris. The system utilizes data from remote weather information stations, as well as temperature data from a Parsons-equipped snow plow, to develop precision treatment recommendations for a specific segment of road. These recommendations are sent to the in-vehicle Parsons touch-screen unit along with actual weather maps. This process allows for roadway salt and other chemicals to be applied at an optimum time and at a prescribed volume before an incoming weather event, reducing the need for retreatments and lowering material, fuel, and maintenance costs while diminishing the need for overtime labor.

Parsons Corporation Appoints Thomas Roell as Interim President of Federal Business Unit

Parsons Corporation has announced the appointment of Thomas Roell as interim president of its Federal business unit (BU). In this role, Roell will be responsible for serving a variety of US federal government agency customers in the defense, environmental, infrastructure, security, and intelligence services markets. In addition to his role as President of Parsons' Federal BU, Mr. Roell will maintain his position as Vice Chairman, Chief Risk Advisor. Mr. Roell joined Parsons in 2003 and has more than 45 years of industry experience in corporate, project, and business management. Before joining Parsons, Mr. Roell held senior executive positions in the government, environmental, and power sectors of the engineering and construction industry. He is based in Parsons' Pasadena, CA, corporate headquarters.

Parsons Group wins Operations, Maintenance, & Monitoring Contract

Parsons Group announced that it was recently awarded an operations, maintenance, and monitoring (OM&M) contract by a leading energy company to provide services at ongoing soil and groundwater remediation projects at 24 sites from eastern Texas to the East Coast. OM&M activities will involve conducting safe operations and maintenance of interim or final commissioned passive and active remedies, post-remedy maintenance and monitoring, and compliance monitoring. Parsons will perform routine media sampling, removal of waste, media monitoring, and maintenance and operation of systems.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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