LOS ANGELES, April 21, 2014 /PRNewswire/ -- Riordan, Lewis & Haden | Equity Partners (RLH) is pleased to announce that its portfolio company, Secure Mission Solutions (SMS), has been acquired by Parsons Corporation. SMS provides integrated security consulting solutions to agencies of the US government, with a particular focus on assisting the Department of Defense, the Military Health System, the Intelligence Community, and select civilian agencies. The Company's services help its government clients defend against and avoid disruptions in operations from cyber attacks, theft, and physical damage. Parsons Corporation is a privately held engineering, construction, technical, and management services firm which generated $3 billion of revenue in 2013. With over 14,000 employees, Parsons is a leader in many diversified markets including transportation, defense/security, environmental/infrastructure, and resources.
In the past four years, SMS has become a premier provider to the federal government of cyber and electronic security solutions, an area that has been widely recognized as America's highest priority for national defense. This positioning has enabled the SMS team to earn many sizable federal contract awards in support of vital missions such as protecting military data networks and securing key elements of the nation's critical infrastructure. We congratulate the entire SMS organization on their achievements and their contributions to our nation, and wish them continued success in the future as part of the Parsons team.
Riordan, Lewis & Haden is a leading private equity firm which partners with entrepreneurs to help them build distinctive high-growth businesses and realize their aspirations. RLH provides experienced strategic guidance to its portfolio companies while embracing the entrepreneurial spirit of those companies' founders. The RLH team, which averages 17 years of private equity experience, has developed proven processes to enhance organic growth and drive enterprise value. With a 30+ year history of successful investing, RLH is uniquely able to help fast growing enterprises with $25-150 million revenue in the business services, healthcare, and government services sectors achieve their goals. The firm currently manages over $600 million of assets and is actively seeking new portfolio company investments.
Parsons, celebrating nearly 70 years of growth in the engineering, construction, technical, and professional services industries, is a leader in many diversified markets with a focus on transportation, environmental/infrastructure, defense/security, and resources. Parsons delivers design/design-build, program/construction management, and other professional services packaged in innovative alternative delivery methods to federal, regional, and local government agencies, as well as to private industrial customers worldwide. For more about Parsons, please visit www.parsons.com.
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