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Business/Financial

ASGN Acquires Federal Division Of Blackstone Technology Group

By Cal Biesecker

Monday, January 27th, 2020

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ASGN Acquires Federal Division Of Blackstone Technology Group

ASGN President and CEO Ted Hanson. Photo: ASGN Inc.

ASGN Inc. [ASGN] on Monday said it has acquired the federal division of Blackstone Technology Group for $85 million in cash, expanding its presence in the government information technology and professional services market. Blackstone Federal, which has about 100 employees and generated $44 million in sales in 2019, will become part of ASGN’s ECS segment. Blackstone Federal’s sales are expected to grow over 10 percent this year and generate operating margins in the mid-teens, ASGN said. The Department of Homeland…

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