Arnold & Porter advised private equity firm DC Capital Partners on its sale of radio frequency solutions provider QRC Technologies LLC (QRC) to digital solutions provider Parsons Corporation (Parsons). This marks the first acquisition by Parsons since it went public.
Parsons, which provides technology-focused solutions for defense, intelligence and infrastructure applications, acquired QRC for its innovative radio frequency and signals intelligence capabilities. Parsons plans to leverage its existing artificial intelligence and data analytics core competencies to further differentiate QRC's product portfolio.
The Arnold & Porter deal team included Corporate and Finance practice head Kevin Lavin, partner Matthew Owens, and associates Naomi Hartman, Katy Benitez Berger, and Eric An; Government Contracts partner Steven Diamond and counsel Joan Ochs; Tax partner Laurie Abramowitz and associate Joel Deuth; Compensation and Benefits partner Jeffrey London and senior associate Megan Juel; Antitrust counsel Justin Hedge and senior attorney Bryan Marra; and Intellectual Property partner Kristen Riemenschneider and counsel Ira Moskatel.