Announced
Completed
Synopsis
ASGN, a provider of IT and professional services in the technology, digital, creative, engineering, and life sciences fields across commercial and government sectors, completed the acquisition of Blackstone Federal, an engineering, transformation, and creative design agency, from Blackstone Technology Group, a privately-held, global IT services and solutions firm, for $85m. Blackstone Federal will be immediately integrated into ECS’ enterprise solutions group, which focuses on delivering digital solutions to Federal civilian customers. "Blackstone Federal’s talented team and solution offerings are an excellent addition to our rapidly growing ECS segment, which is focused on large and complex IT solutions across key and attractive Federal government customers. This acquisition fits perfectly with ASGN’s hybrid growth and capital allocation strategy, to scale ECS to over $1bn in revenue through a combination of strong organic growth and complementary acquisitions in strategic technologies, capabilities, customers, and contract areas that together will enable us to even further enhance the solutions we provide to our customers,” Ted Hanson, ASGN’s President and Chief Executive Officer.
Principals
Show Details & Financials
Did you work on this deal?
Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.