On Assignment – America’s 2nd largest IT staffing firm – is in the process of purchasing the service technology and engineering company ECS Federal for $775 million (in cash). Once the sale goes ahead, the current CEO George Wilson will remain at the helm with his management team. Indeed, Wilson said that the firm will remain with the “same strategy, same management team, more resources.” One thing will change slightly though is the name; on April 2, 2018, when it is all final, the company will be called ASGN Inc.
Roy Kapani will be leaving the firm he established in 2001 but is very positive about the move calling it a “terrific outcome for our company, partners and talented employees.”
In its investor presentation, a deeper comprehension into the sale was put forward:
“One of the largest inhibitors of growth in the federal sector is timely finding and placing technical talent. On Assignment’s recruiting capabilities will enhance ECS’ performance and value proposition versus government services peers.”
The opportunities that will be available after this acquisition will be access to greater “digital, creative and life sciences [as well as providing clients of On Assignment with] access to ECS’ cyber, cloud, artificial intelligence and agile development capabilities.”