M&A: ASGN’s ECS government IT solutions bolsters position at DHS, acquires Blackstone Federal for $85M

“ASGN Incorporated (NYSE: ASGN), one of the foremost providers of IT and professional services in the technology, digital, creative, engineering, and life sciences fields across commercial and government sectors, announced today the completion of its acquisition of the Federal division of Blackstone Technology Group (Blackstone Federal), for $85 million in cash, which is now part of ASGN’s ECS government IT solutions and services segment. Blackstone Federal will be immediately integrated into ECS’ enterprise solutions group, which focuses on delivering digital solutions to Federal civilian customers.”

“Founded in 2002 in Arlington, Virginia, Blackstone Federal is comprised of roughly 100 technical and creative consultants who together deliver agile application development, cloud modernization and systems architecture, cybersecurity, user experience design, and branding services to government clients. Blackstone Federal has a long-standing relationship with the Federal government, including more than 18 years of experience providing highly technical support to the Department of Homeland Security (DHS) and its sub-agencies.”

“Blackstone Federal’s enduring success at DHS is attributed to its exclusive commitment to its customers’ missions. The Company is a leading player and prime contractor on major, full and open and flexible DHS contract vehicles, including the Architecture, Development, and Platform Technical Services (ADaPTS) Blanket Purchase Agreement. For 2019, Blackstone Federal generated approximately $44 million in revenues and is expected to grow over 10 percent in 2020 and generate EBITDA margins in the mid-teens…”

Read the full press release here.

ECS – “We are proud to announce that our parent company, ASGN Incorporated, has acquired Blackstone Federal. This talented group is now the ECS Homeland Security Solutions (HSS) division dedicated to providing technical and creative support to the U.S. Department of Homeland Security. Welcome, Giles Kesteloot, Greg Adams, Chris Drew, Keith McCloskey, and the entire Blackstone Federal team!” Source: LinkedIn


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