ASGN Inc. Completes $775 Million Acquisition of ECS Federal, LLC

April 2, 2018

S&C client ASGN Incorporated, formerly known as On Assignment, Inc., completed its previously announced acquisition of ECS Federal, LLC for $775 million in cash, subject to certain post-closing purchase price adjustments. ASGN Incorporated financed the transaction with proceeds from a revised credit agreement providing for a $200 million revolving loan facility, which was undrawn at the closing, and $1.4 billion term B loan facility.

ASGN Incorporated is one of the foremost providers of IT and professional services in the technology, creative/digital, engineering, life sciences and government sectors. ASGN's mission as an organization is to be the premier provider of highly skilled human capital targeting critical STEM skill sets that will drive the economy in the years ahead. Through an integrated suite of professional staffing and IT solutions, ASGN improves productivity and utilization among leading corporate enterprises and government organizations.

ECS is a leading IT provider delivering solutions in cloud, cybersecurity, software development, IT modernization, and science and engineering. The company's highly skilled teams approach and solve critical, complex challenges for customers across the U.S. public sector, defense and commercial industries. ECS maintains partnerships with leading cloud and cybersecurity technology providers and holds specialized certifications in their technologies. Founded in 2001 and headquartered in Fairfax, Virginia, ECS has more than 2,400 employees throughout the United States and has been recognized as a Top Workplace by The Washington Post for the last four years. ECS will continue to operate under the ECS brand name and will also operate as a separate segment of ASGN Incorporated.

The S&C team advising ASGN Incorporated on the transaction was led by Patrick Brown, along with Aaron Werner and Anel Loubser. Regina Readling, Kristen Klein and Hannah Waldman advised on executive compensation and benefits matters; Ronald Creamer and Assaf Prussak advised on tax matters; Mark Schenkel advised on intellectual property matters; and Eric Queen advised on Hart-Scott-Rodino matters. Arman Carretta and Andrew Mackenzie provided valuable assistance.