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New Deal


Announced

Completed

ASGN completed the acquisition of GlideFast Consulting from BV Investment Partners for $350m.

Financials

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Transaction Value£289m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Private Equity

it consulting

Private

United States

IT Services: Other

Acquisition

Single Bidder

Friendly

Completed

Majority

Synopsis

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ASGN, a IT and professional service provider, completed the acquisition of GlideFast Consulting, an Elite ServiceNow Partner and leading IT consulting, implementation, and development company, from BV Investment Partners, a private equity firm, for $350m. "We partnered with the founders of GlideFast because we shared their vision that the company could build upon its presence in the ServiceNow ecosystem and help companies optimize their investments in the ServiceNow platform. We're extremely proud of what the team, led by Mike Lombardo, has accomplished over such a short time horizon and look forward to seeing the business continue to expand and innovate in partnership with ASGN," Matt Kinsey, BV Investment Managing Partner.

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