M&A Deal Summary

H.I.G. Private Equity Acquires Oxford Global Resources

On August 17, 2021, private equity firm H.I.G. Private Equity acquired staffing company Oxford Global Resources from ASGN for 525M USD

Acquisition Highlights
  • This is H.I.G. Private Equity’s 5th transaction in the Staffing sector.
  • This is H.I.G. Private Equity’s 3rd largest (disclosed) transaction.
  • This is H.I.G. Private Equity’s 198th transaction in the United States.
  • This is H.I.G. Private Equity’s 8th transaction in Massachusetts.

M&A Deal Summary

Date 2021-08-17
Target Oxford Global Resources
Sector Staffing
Buyer(s) H.I.G. Private Equity
Sellers(s) ASGN
Deal Type Divestiture
Deal Value 525M USD

Target

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.

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Buyer(S) 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.


DEAL STATS #
Overall 298 of 369
Sector (Staffing) 5 of 7
Type (Divestiture) 39 of 45
State (Massachusetts) 8 of 10
Country (United States) 198 of 245
Year (2021) 25 of 35
Size (of disclosed) 3 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-12 Telescope

Los Angeles, California, United States

Telescope is a provider of real-time fan engagement solutions for live events, gamified second screen experiences, and interactive live streams. Telescope was founded in 2002 and is based in Los Angeles, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-19 Empire Today

Northlake, Illinois, United States

Empire Today is a provider of installed home improvements and home furnishings. Empire serves residential and business customers with a wide selection of products suitable for homes, small businesses, organizations, and commercial applications. Empire’s line of quality, name-brand products includes carpet, hardwood, laminate, ceramic, vinyl flooring, and window treatments. The company provides shop-at-home convenience or on-site consultation, next-day professional installation on many products, quality products at great prices, and world-class service to about 70 of the largest metropolitan areas in the US. Empire Today was founded in 1959 and is based in Northlake, Illinois.

Sell -

Seller(S) 1

SELLER

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 3 of 3
Sector (Staffing) 3 of 3
Type (Divestiture) 3 of 3
State (Massachusetts) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-09 Enterprise Resource Performance

Fairfax, Virginia, United States

Enterprise Resource Performance is a healthcare consulting and data analytics firm that delivers federal healthcare transformation services. Enterprise Resource Performance was founded in 2001 and is based in Fairfax, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 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.

Buy $350M