Mintz advised Altamira Technologies Corporation, an intelligence and defense contractor in the national security space, on its acquisition by Parsons Corporation, a leading national security and global infrastructure technology provider. The transaction is valued at $375 million, including $330 million in cash at closing and an additional $45 million earn-out contingent on 2026 EBITDA targets.
Mintz entered the Altamira story at a pivotal moment in 2019, when our client — the ClearSky venture capital funds — spearheaded an investor alliance with McNally Capital and Nio Advisors to secure a controlling stake in Altamira. In the wake of that deal, ClearSky turned to Mintz to guide Altamira as its corporate counsel, setting the stage for the company’s next era. That trajectory accelerated in 2023, when Mintz advised Altamira on its acquisition of Virginia Systems & Technology (VaST), a signals intelligence firm supporting national security missions. In a compelling final chapter to a multi-year journey, Altamira has been acquired by Parsons, a much larger, publicly traded company, bringing the narrative full circle.
Altamira enhances Parsons’ defense and intelligence portfolio by delivering advanced analytics, signals intelligence (SIGINT), cyber, missile warning, and space capabilities. The transaction strengthens Parsons’ ability to deliver rapid, mission-ready, intelligence-driven capabilities across the Department of War and the Intelligence Community, positioning the company to capture a larger share of the evolving intelligence and multi-domain operations market.
Altamira has been a portfolio company of ClearSky, a venture capital and growth equity firm investing in innovative companies in the cybersecurity and energy transition sectors.
Read more about the transaction here.
The Mintz team included Technology Chair and Venture Capital & Emerging Companies Co-chair Daniel DeWolf and Corporate Members Joseph Ronca and Maarten Tuurenhout, Associate William Morrow, and Law Clerk Sophia Goettke; Tax Member Gregg Benson and Associate Liz Allison; and Executive Compensation Member David Lagasse and Associate Dina Sebrow. The team also included attorneys across various practice areas, including intellectual property, privacy, employee benefits, litigation, antitrust, and real estate.
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