Wednesday, January 31, 2018

On Assignment Acquires ECS Federal For $775M

Calabasas-based temporary IT and professional services provider On Assignment said this morning that it has agreed to acquire Fairfax, Virginia-based ECS Federal, a privately held government contractor, for $775M in cash. On Assignment said it acquired ECS Federal from Roy Kapani, the company's majority owner and founder. ECS provides cyber security, cloud, DevOps, IT, and other services to the government. ECS had an estimated revenue of $586.4M for the year ended December 31, 2017, and adjusted EBITDA of $67.6M.

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