ASGN Mergers and Acquisitions Summary

StaffingCompany

ASGN has acquired 21 companies, including 11 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 3 assets.

ASGN’s largest acquisition to date was in 2018, when it acquired ECS Federal for $775M. It’s largest disclosed sale occurred in 2021, when it sold Oxford Global Resources to H.I.G. Capital for $525M. ASGN has acquired in 10 different US states. The Company’s most targeted sectors include information technology (50%) and staffing (50%).

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M&A Summary

  • M&A Total Activity23
    • M&A Buy Activity20
    • M&A Sell Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 9
  • M&A Advisors 8

ASGN

ASGN Incorporated

4400 Cox Road, Suite 110,
Glen Allen, Virginia 23060
United States,
(888) 482-8068
www.asgn.com

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.


M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (2.0/yr) # 10 2 4 2 2 - 20
vol $2.4B $113M $157M $350M $3.1B
Sell (0.2/yr) # 2 - - 1 - - 3
vol $29M $525M $554M
  23

Most Recent M&A

Company Date Value Type
Iron Vine Security LLC 2022-10-03 - Add-on Acquisition
Washington, District of Columbia · www.ironvine.com
GlideFast Consulting LLC 2022-06-01 350M USD Add-on Acquisition
Woburn, Massachusetts · www.glidefast.com
Oxford Global Resources, Inc. 2021-08-17 525M USD Divestiture
Beverly, Massachusetts · www.oxfordcorp.com
Enterprise Resource Performance, Inc. 2021-08-09 - Add-on Acquisition
Fairfax, Virginia · www.ecstech.com
IndraSoft, Inc. 2021-07-16 - Add-on Acquisition
Reston, Virginia · www.indrasoft.com
Integrated Solutions Management, Inc. 2020-12-01 - Add-on Acquisition
Tampa, Florida · www.ism4it.com
Skyris LLC 2020-10-01 - Add-on Acquisition
Fredericksburg, Virginia · www.skyrisllc.com
LeapFrog Systems, Inc. 2020-09-01 72M USD Add-on Acquisition
Boston, Massachusetts · www.leapfrogsystems.com
Blackstone Federal 2020-01-27 85M USD Divestiture
Arlington, Virginia · www.blackstonefederal.com
Intersys Consulting LLC 2019-10-17 67M USD Add-on Acquisition
Austin, Texas · www.intersysconsulting.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Staffing 10 (50%) 1.7B (56%) 3 (100%) 554M (100%)
Information Technology 10 (50%) 1.3B (44%) - -
Total 20 $3.1B 3 $554M

By Geo

State/Country Buy Value Sell Value
United States 20 3.1B 3 554M
  Virginia 6 1.5B - -
  Massachusetts 3 622M 1 525M
  District of Columbia 2 46M - -
  California 2 675M - -
  Texas 2 84M - -
  Ohio 1 150M 1 -
  Connecticut 1 14M - -
  New Hampshire 1 - - -
  Georgia 1 - - -
  Florida 1 - - -
Total 20 $3.1B 3 $554M

Top M&A Advisors

Financial Deals
Moelis & Co.
3
William Blair & Co. LLC
1
Truist Securities
1
Legal Deals
Sullivan & Cromwell LLP
10
Latham & Watkins
3
Perkins Coie LLP
1

Deal Values

buy # Total
$100M to $1B 7 $2.8B
< $100M 6 $302M
TOTAL $3.1B
Largest ECS Federal, Inc.
$775M (2018-01-31)
sell # Total
$100M to $1B 1 $525M
< $100M 1 $29M
TOTAL $554M
Largest Oxford Global Resources, Inc.
$525M (2021-08-17)

M&A Connections

Deals
Acquired from
Investor(s)
20%
4 (20%)
Strategic(s)
5%
1 (5%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

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