M&A Deal Summary

ASGN Acquires Topbloc

On January 25, 2025, ASGN acquired information technology company Topbloc from BV Investment Partners for 340M USD

Acquisition Highlights
  • This is ASGN’s 11th transaction in the Information Technology sector.
  • This is ASGN’s 5th largest (disclosed) transaction.
  • This is ASGN’s 21st transaction in the United States.
  • This is ASGN’s 1st transaction in Illinois.

M&A Deal Summary

Date 2025-01-25
Target Topbloc
Sector Information Technology
Buyer(s) ASGN
Sellers(s) BV Investment Partners
Deal Type Add-on Acquisition
Deal Value 340M USD

Target

Topbloc

Chicago, Illinois, United States
Topbloc provides initial and phased Workday implementations, help desk technical and functional support, and managed payroll services across a wide range of industries, including technology, financial services, business services, and other sectors. Topbloc was founded in 2016 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

ASGN

Glen Allen, Virginia, United States

Category Company
Founded 1985
Sector Staffing
Employees3,200
Revenue 4.1B USD (2024)
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 21 of 21
Sector: Information Technology M&A 11 of 11
Type: Add-on Acquisition M&A Deals 20 of 20
State: Illinois M&A 1 of 1
Country: United States M&A 21 of 21
Year: 2025 M&A 1 of 1
Size (of disclosed) 5 of 14
PREVIOUS 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 30 of 31
Sector: Information Technology M&A 11 of 11
Type: Add-on Acquisition M&A Deals 17 of 18
State: Illinois M&A 1 of 1
Country: United States M&A 29 of 29
Year: 2025 M&A 1 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-11 Frontline Managed Services

Atlanta, Georgia, United States

Frontline Managed Services is a provider of business process outsourcing to the legal and accounting markets. Frontline Managed Services specializes in white glove IT help desk support, IT Managed Services (Development, Infrastructure, Engineering, and Legacy Software Support), Managed Financial Services (e-billing processing, accounts receivable management, and cash application), and training and education through its e-learning platform. Frontline Managed Services was founded in 1987 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-17 Precision Nutrition

Toronto, Ontario, Canada

Precision Nutrition is a provider of nutrition coaching certifications and software to fitness and wellness professionals throughout North America, Australia, and parts of Europe. Through a unique combination of three distinct but related business lines of nutrition coaching, nutrition coaching certification, and PN’s ProCoach nutrition coaching SaaS platform, PN enables health and wellness professionals to provide life-changing nutrition coaching services to clients. Precision Nutrition was founded in 2005 and is based in Toronto, Ontario.

Sell -