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On Assignment Inc News

ECS Federal signed a definitive agreement to be acquired by On Assignment (ASGN+6.7%) of Calabasas, CA for $775M.

Post-acquisition, as a division of ASGN, ECS will be part of a publicly traded organization with pro forma combined revenues of $3.2B and $379M in EBITDA, and 24,000+ professionals, with a total addressable market exceeding $279B.

“We are excited to have George Wilson and his entire ECS team join with us,” said Peter Dameris, CEO of On Assignment, Inc. “We believe that ECS is well positioned to achieve high single digit growth in 2018 and we are proud of the mission and critical services that they deliver every day to our military and federal agencies in support of the needs of the American people.”

Press Release

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DateTitle
02/14/18On Assignment Reports Fourth Quarter and Full Year 2017 Results
Financial results above previously announced estimates CALABASAS, Calif.--(BUSINESS WIRE)--Feb. 14, 2018-- On Assignment, Inc. (NYSE: ASGN), a leading global provider of diversified professional staffing solutions, today reported results for the quarter and full year ended December 31, 2017. Fourth Quarter Highlights Revenues were $679.1 million, up 9.4 percent over the fourth quarter of 2016 (up 8.6 percent year-ov... 
01/31/18On Assignment, Inc. to Acquire ECS Federal, LLC, One of the Largest Privately-Held Government Services Contractors, for $775 Million in Cash
Acquisition Expected to be Accretive to 2018 Adjusted EPS On Assignment Announces Preliminary Fourth Quarter of 2017 Financial Results On Assignment to Change Name to ASGN Incorporated CALABASAS, Calif.--(BUSINESS WIRE)--Jan. 31, 2018-- On Assignment, Inc. (NYSE: ASGN), one of the foremost providers of IT and professional services in the technology, creative/digital, engineering and life sciences sectors, announced today that i... 
01/16/18On Assignment, Inc. Schedules Fourth Quarter Earnings Release and Conference Call
CALABASAS, Calif.--(BUSINESS WIRE)--Jan. 16, 2018-- On Assignment, Inc. (NYSE: ASGN), a leading global provider of diversified professional staffing solutions, announced today that it expects to release its fourth quarter 2017 financial results on Wednesday, February 14, 2018 at approximately 4:15 p.m. EST to be followed by its regular quarterly conference call later that day at 5:00 p.m. EST. The Company’s prepared remarks will be posted to its website ... 
01/05/18On Assignment, Inc. Announces Estimated Effect of New U.S. Tax Law on its Previously-Announced Financial Estimates for Fourth Quarter 2017
CALABASAS, Calif.--(BUSINESS WIRE)--Jan. 5, 2018-- On Assignment, Inc. (NYSE: ASGN), a leading global provider of diversified professional staffing solutions, announced today that it expects to record in the fourth quarter of 2017 a one-time, non-cash income tax benefit of $30.5 million to $33.5 million ($0.58 to $0.64 per diluted share) as a result of the recently enacted Tax Cuts and Jobs Act (TCJA). The income tax benefit is mainly the result of the r... 

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