IT Staffing Report: Nov. 7, 2019

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ASGN acquires Intersys Consulting for $67 million

ASGN Inc. (NYSE: ASGN) acquired IT consulting provider Intersys Consulting LLC for $67.0 million in cash. Intersys will operate as part of the firm’s Apex Systems division.

Intersys has forecast revenue of approximately $31 million in this year.

As part of the deal, ASGN announced it granted restricted stock unit awards to 15 Intersys employees covering approximately 50,000 shares.

“ASGN expects to realize revenue synergies by leveraging Intersys’ robust capabilities to capture an increased portion of Apex’s growing pipeline of consulting opportunities,” according to the company.

Based in Austin, Texas, Intersys has regional offices in other US cities as well as an office in Guadalajara, Mexico.

“Intersys’ industry expertise combined with the company’s deep focus on developing longstanding customer relationships, fits well with ASGN’s own mission to provide high-end technology services to accounts in each of the end markets we serve,” ASGN President and CEO Ted Hanson said.

ASGN ranks as the second-largest IT staffing firm in the US, according to research by Staffing Industry Analysts. It’s based in Calabasas, California.