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New Deal


Announced

On Assignment Inc. acquired ECS Federal from Roy Kapani and Lindsay Goldberg for $775m.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales1.3x
EV/EBITDA11.46x
Share Price Premium-
One Off Charge-

Tags

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cloud

IT Services: Other

Single Bidder

Private

government contracting

Acquisition

Pending

cybersecurity software

it services

Friendly

Private Equity

United States

Synopsis

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On Assignment Inc., one of the foremost providers of IT and professional services in the technology, creative/digital, engineering and life sciences sectors, announced today that it has signed a definitive agreement to acquire ECS Federal LLC from Roy Kapani, the company’s majority owner and founder, and Lindsay Goldberg, a private investment firm, for $775 million in cash. The transaction is subject to various regulatory approvals and customary closing conditions and is expected to close on April 2, 2018.

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