M&A Deal Summary

ASGN Acquires GlideFast Consulting

On June 1, 2022, ASGN acquired information technology company GlideFast Consulting from BV Investment Partners for 350M USD

Acquisition Highlights
  • This is ASGN’s 9th transaction in the Information Technology sector.
  • This is ASGN’s 4th largest (disclosed) transaction.
  • This is ASGN’s 19th transaction in the United States.
  • This is ASGN’s 3rd transaction in Massachusetts.

M&A Deal Summary

Date 2022-06-01
Target GlideFast Consulting
Sector Information Technology
Buyer(s) ASGN
Sellers(s) BV Investment Partners
Deal Type Add-on Acquisition
Deal Value 350M USD

Target

GlideFast Consulting

Woburn, Massachusetts, United States
GlideFast Consulting is a ServiceNow Elite Partner and professional services firm that provides tailored solutions and professional services for ServiceNow implementations, integrations, managed support services, application development, and training. GlideFast Consulting was founded in 2015 and is based in Woburn, Massachusetts.

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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 19 of 20
Sector (Information Technology) 9 of 10
Type (Add-on Acquisition) 18 of 19
State (Massachusetts) 3 of 3
Country (United States) 19 of 20
Year (2022) 1 of 2
Size (of disclosed) 4 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-17 Oxford Global Resources

Beverly, Massachusetts, United States

Oxford Global Resources is a provider of high-end information technology and engineering staffing services. Oxford delivers senior information technology, software and hardware engineering, mechanical, electrical and validation engineering, and telecommunications engineering professionals to clients in a wide range of industries. Oxford Global Resources was founded in 1984 and is based in Beverly, Massachusetts.

Sell $525M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-03 Iron Vine Security

Washington, District of Columbia, United States

Iron Vine Security is a cybersecurity company that designs, implements, and executes cybersecurity programs for federal customers. Iron Vine Security was founded in 2008 and is based in Washington, District of Columbia.

Buy -

Seller(S) 1

SELLER

BV Investment Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BV Investment Partners is a private equity firm partner with entrepreneurs and families to invest in sound businesses and provide them with significant strategic, operating, and analytical assistance to accelerate the growth of the company through organic initiatives and acquisitions. BV was formed in 1983 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 24 of 28
Sector (Information Technology) 10 of 10
Type (Add-on Acquisition) 14 of 16
State (Massachusetts) 5 of 5
Country (United States) 23 of 27
Year (2022) 1 of 3
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-07 Source Advisors

Fort Worth, Texas, United States

Source Advisors is a provider of tax incentive solutions to middle-market companies. Source Advisors was founded in 1983 and is based in Fort Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-23 RKD Group

Richardson, Texas, United States

RKD Group is a provider of omnichannel fundraising and marketing services for the nonprofit sector. RKD Group has raised billions of dollars for its clients and currently serves over 260 nonprofit organizations, within segments such as hospitals, social service, health, disease research, animal welfare, and faith-based charities. RKD Group was founded in 1970 and is based in Richardson, Texas.

Sell -