Canaccord Genuity Advises IPKeys Power Partners on its Acquisition by Parsons Corporation (NYSE: PSN)
Canaccord Genuity is pleased to announce it has advised IPKeys Power Partners, Inc. on its acquisition by Parsons Corporation (NYSE:PSN), a leading disruptive technology provider in the national security and global infrastructure markets. Founded in 2014 and headquartered in Tinton Falls, NJ, IPKeys Power Partners is a trusted provider of enterprise software platform solutions that is actively delivering cyber and operational security to hundreds of electric, water, and gas utilities across North America.
IPKeys Power Partners enhances both Parsons’ Federal Solutions and Critical Infrastructure segments, specifically through comprehensive cloud-based cybersecurity software solutions that operate at the intersection of information and operational technology (IT and OT), and technologies that will help accelerate the global clean energy transition. The acquisition also brings IPKeys’ established customer base, expanding Parsons’ presence in two rapidly growing end markets: grid modernization and cyber resiliency for critical infrastructure.
Canaccord Genuity, with a team led by Dan Coyne, Wes Rossiter, Robert McElligott, and Jack Presti, served as financial advisor to IPKeys Power Partners.