ASGN - M&A Summary and Business Overview

StaffingCompany

ASGN M&A Summary

ASGN has acquired 21 companies, including 10 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. Private Equity for $525M. ASGN has acquired in 10 different US states. The Company’s most targeted sectors include information technology (50%) and staffing (50%).

ASGN Business Overview

Where is ASGN headquartered?

ASGN is headquartered in Glen Allen, Virginia.

What is ASGN’s revenue?

ASGN disclosed revenue of 4,010M USD for 2021 and 3,951M USD for 2020.

How many employees does ASGN have?

ASGN has 3,900 employees.

What sector is ASGN in?

ASGN is a staffing company.

When was ASGN founded?

ASGN was founded in 1985.

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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.6/yr) # 12 4 2 2 - - 20
vol $2.5B $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
  Texas 2 84M - -
  District of Columbia 2 46M - -
  California 2 675M - -
  Ohio 1 150M 1 -
  New Hampshire 1 - - -
  Georgia 1 - - -
  Florida 1 - - -
  Connecticut 1 14M - -
Total 20 $3.1B 3 $554M

Top M&A Advisors

Financial Deals
Moelis & Co.
3
SunTrust Robinson Humphrey, Inc.
1
American Discovery Capital LLC
1
Legal Deals
Sullivan & Cromwell
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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