M&A Deal Summary

ASGN Acquires ECS Federal

On January 31, 2018, ASGN acquired information technology company ECS Federal from Lindsay Goldberg for 775M USD

Acquisition Highlights
  • This is ASGN’s 1st transaction in the Information Technology sector.
  • This is ASGN’s largest (disclosed) transaction.
  • This is ASGN’s 10th transaction in the United States.
  • This is ASGN’s 2nd transaction in Virginia.

M&A Deal Summary
Date 2018-01-31
Target ECS Federal
Sector Information Technology
Buyer(s) ASGN
Sellers(s) Lindsay Goldberg
Deal Type Add-on Acquisition
Deal Value 775M USD
Advisor(s) Robert W. Baird & Co., Inc.
Houlihan Lokey
SunTrust Robinson Humphrey, Inc. (Financial)
Cravath, Swaine & Moore LLP
Venable LLP (Legal)

Target

ECS Federal

Fairfax, Virginia, United States
website
ECS Federal, Inc. is a national information technology solutions provider delivering cyber security, cloud, DevOps, IT modernization and advanced science and engineering solutions. ECS designs, implements and operationalizes security capabilities for some of the most highly-targeted government customers in the world. The company maintains partnerships with the world’s leading cyber and cloud technology organizations, with immediate reach-back capability and certified experience. ECS is strategically positioned at the intersection of mission and technology – delivering proven market differentiation and unparalleled growth at scale.

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Buyer(S) 1

Buyer

ASGN

Glen Allen, Virginia, United States

website

Category Company
Founded 1985
Sector Staffing
Employees3,900
Revenue 4.0B USD (2021)
DESCRIPTION
ASGN's corporate headquarters in Calabasas, California.
ASGN's corporate headquarters in Calabasas, California.

ASGN is a global provider of highly skilled, hard-to-find professionals in the technology, life sciences, and creative sectors. ASGN was founded in 1985 and is headquartered in Glen Allen, Virginia.

DEAL STATS #
Overall 10 of 20
Sector (Information Technology) 1 of 10
Type (Add-on Acquisition) 10 of 19
State (Virginia) 2 of 6
Country (United States) 10 of 20
Year (2018) 1 of 1
Size (of disclosed) 1 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-08 StratAcuity Staffing Partners

Portsmouth, New Hampshire, United States

StratAcuity Staffing Partners, Inc. is a provider of specialized clinical/scientific staffing solutions for biotechnology and pharmaceutical organizations. StratAcuity Staffing Partners was founded in 2001 and is based in Portsmouth, New Hampshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-28 DHA Group

Washington, District of Columbia, United States

DHA Group, Inc. is a full-service information technology and consulting firm dedicated to providing mission-critical services to Federal Government and commercial clients.

Buy $46M

Seller(S) 1

SELLER

Lindsay Goldberg

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2001
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lindsay Goldberg is a large private equity firm that targets investments in traditional, basic industries. Lindsay looks to commit $50 to $250 million per transaction in sectors that include basic & commodity manufacturing, financial services, food, and distribution. Lindsay looks to partner with management in pursuing transactions. Lindsay Goldberg was formerly known as Lindsay Goldberg & Bessemer. The Firm was formed in 2001 and is based in New York City.

DEAL STATS #
Overall 30 of 39
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 9 of 11
State (Virginia) 2 of 2
Country (United States) 24 of 31
Year (2018) 1 of 2
Size (of disclosed) 8 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-22 Big Ass Fans

Lexington, Kentucky, United States

Big Ass Fans is a manufacturer of fans, lights, and control systems, with an emphasis on energy efficiency for industrial, commercial, and residential use under the Big Ass Fans, Haiku, and Big Ass Light brands. Big Ass Fans was founded in 1999 and is based in Lexington, Kentucky.

Buy $500M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-06 PT Solutions

Atlanta, Georgia, United States

PT Solutions is a provider of physical therapy services through stand-alone, outpatient physical therapy clinics, hospitals, physician groups, and other partners. PT Solutions was founded in 2003 and is based in Atlanta, Georgia.

Buy -
Mergr

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