By Paul Ziobro
ASGN has agreed to buy TopBloc, a Workday consultancy that provides services ranging from human resources to financial and payroll management, for $340 million in cash and equity.
AGSN, an information technology company that serves the commercial and government sector, said the deal aligns with its long-term plan to grow in the IT consulting space.
Founded in 2016, TopBloc is a preferred certified Workday Services Partner for medium and large customers in North America. The company has over 500 consultants that will become part of ASGN's consulting services.
TopBloc expects to generate about $150 million in revenue this year, up more than 20% from a year ago.
The deal is expected to close in the first quarter and should be immediately accretive for ASGN on an adjusted basis.
Write to Paul Ziobro at paul.ziobro@wsj.com
(END) Dow Jones Newswires
February 04, 2025 16:32 ET (21:32 GMT)
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