M&A Deal Summary

ASGN Acquires Creative Circle

On May 11, 2015, ASGN acquired staffing company Creative Circle from Morgan Stanley Capital Partners and Constitution Capital Partners for 570M USD

Acquisition Highlights
  • This is ASGN’s 8th transaction in the Staffing sector.
  • This is ASGN’s 3rd largest (disclosed) transaction.
  • This is ASGN’s 8th transaction in the United States.
  • This is ASGN’s 2nd transaction in California.

M&A Deal Summary
Date 2015-05-11
Target Creative Circle
Sector Staffing
Buyer(s) ASGN
Sellers(s) Morgan Stanley Capital Partners
Constitution Capital Partners
Deal Type Add-on Acquisition
Deal Value 570M USD
Advisor(s) Wells Fargo Securities (Financial)
Debevoise & Plimpton (Legal)

Target

Creative Circle

Los Angeles, California, United States
Creative Circle LLC is a specialized staffing agency representing advertising, marketing,graphic communication, and interactive professionals. The Company currently lists many of the top advertising agencies, design firms, and corporations as clients.

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Buyer(S) 1

Buyer

ASGN

Glen Allen, Virginia, United States
Category Company
Founded 1985
Sector Staffing
Employees3,700
Revenue 4.5B USD (2023)
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 8 of 20
Sector (Staffing) 8 of 10
Type (Add-on Acquisition) 8 of 19
State (California) 2 of 2
Country (United States) 8 of 20
Year (2015) 1 of 1
Size (of disclosed) 3 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-02 On Assignment - Allied Healthcare Business

United States

On Assignment - Allied Healthcare Business provider of healthcare staffing solutions.

Sell $29M
FOLLOWING 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 -

Seller(S) 2

SELLER

Morgan Stanley Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1985
Size Large
Type Sector Agnostic
DESCRIPTION

Morgan Stanley Capital Partners (MSCP) is the private investment arm of financial services firm and investment bank Morgan Stanley. MSCP looks to partner with founders looking to leverage Morgan Stanley's resources, as well as fund corporate carveouts, recapitalizations, buyouts, and industry consolidations. Areas of interest include business services, industrials, education, consumer products/services, food/beverage, retail, healthcare, and packaging. MSCP primarily targets businesses operating in North America valued between $75 and $750 million. Morgan Stanley Capital Partners is based in New York City.

DEAL STATS #
Overall 9 of 25
Sector (Staffing) 2 of 2
Type (Add-on Acquisition) 4 of 11
State (California) 3 of 5
Country (United States) 8 of 21
Year (2015) 4 of 4
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 Southern Star Central

Owensboro, Kentucky, United States

Southern Star Central is a provider of natural gas transmission and storage network. The pipeline network extends over more than 9,300 kilometers across eight states, serving mainly the Kansas and Missouri markets. Southern Star Central was founded in 2002 and is based in Owensboro, Kentucky.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-17 EagleView Technologies

Bellevue, Washington, United States

EagleView Technologies is a provider of high-resolution aerial imagery, property data analytics, and structural measurements for government agencies, insurance carriers, roofing contractors, and energy utilities. Using patented image capture techniques, 3D aerial measurement software, and machine learning processes, EagleView Technologies helps customers answer questions related to millions of properties throughout the world. EagleView Technologies was founded in 2008 and is based in Bellevue, washington.

Buy -
SELLER

Constitution Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
PE ASSETS 5.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Constitution Capital Partners is a private equity and asset management firm focused on opportunities throughout North America. Constitution Capital typically invests in private equity partnerships, however the Firm also makes direct private equity and credit investments. Constitution Capital Partners does not have any sector preferences. Constitution Capital Partners was formed in 2008 and is headquartered in Andover, Massachusetts.

DEAL STATS #
Overall 7 of 23
Sector (Staffing) 2 of 2
Type (Add-on Acquisition) 5 of 11
State (California) 1 of 3
Country (United States) 7 of 20
Year (2015) 2 of 5
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-10 EmployBridge

Atlanta, Georgia, United States

EmployBridge is a provider of specialty staffing services including three primary industry verticals: logistics, manufacturing, and transportation. Within its target industries, EmployBridge has developed service models that enable it to attract and place qualified personnel through the development of defined recruiting, testing, placement, and sales processes that are tailored to meet the needs of its target industries. EmployBridge is based in Atlanta, Georgia.

Sell $410M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-22 Armored AutoGroup

Danbury, Connecticut, United States

Armored AutoGroup Inc. is a consumer products company consisting primarily of Armor All and STP, two of the most iconic brands in the automotive aftermarket appearance products and performance products categories.

Sell $1.4B
Mergr

Product

Company

Legal