Acquisition Deepens Parsons’ Oil and Gas Offerings
PASADENA, CA (March 2, 2015) – Parsons is pleased to announce that it has acquired T.J. Cross Engineers, Inc., a privately held oil and gas industry professional services firm specializing in engineering, design, and consulting services. The acquisition will expand Parsons’ oil and gas offerings and strengthen the corporation’s energy and chemicals portfolio.
Headquartered in Bakersfield, CA, and with nearly 200 staff resources, TJ Cross has extensive upstream oil and gas experience. TJ Cross was founded in 1990 and serves the major oil and gas producers on the West Coast with an emphasis on heavy oil production.
“This acquisition augments Parsons’ oil and gas market services. We see strong alignment with our focus on core values and customer service, and we believe that combining Parsons’ engineering, procurement, and construction services platform with TJ Cross’ strong engineering base provides an exciting engine for growth,” said Chuck Harrington, Parsons’ Chairman and CEO.
He added, “TJ Cross has an outstanding reputation and will strengthen our center of excellence for global heavy oil project execution and oilfield professional technical services.”
“Parsons welcomes TJ Cross and its employees to our environment and infrastructure business unit,” said Virginia Grebbien, Parsons Group President. “As a leading provider of world-class energy and industrial engineering and construction solutions to private and public sector customers, we’re happy to bring TJ Cross’ capabilities to our portfolio of services.”
“We’re excited about joining Parsons and the new opportunities to provide a comprehensive range of engineering, procurement, and construction services to our customers,” said Lisa Wong, President of TJ Cross. “We are proud to be part of the world-class Parsons team, and we look forward to transitioning our core competencies into new markets.”Parsons (NYSE: PSN) is a leading provider of technology-driven solutions focused on the defense, intelligence, and critical infrastructure markets. Celebrating 75 years of operations, Parsons provides technical design and engineering services and software products to address our customers' challenges. Parsons has differentiated capabilities in cybersecurity, intelligence, missile defense, space, connected communities, physical infrastructure, and mobility solutions. Parsons' combination of talented professionals and advanced technology enables a safer, smarter, and more interconnected world. For more about Parsons, please visit www.parsons.com, and follow us on Facebook, Twitter, LinkedIn, Instagram, and YouTube.