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ASGN acquires GlideFast Consulting from BV Investment Partners

ASGN Incorporated, a provider of IT services and solutions, including technology and creative digital marketing, across the commercial and government sectors, has closed its previously announced acquisition of GlideFast Consulting LLC (GlideFast) from private equity firm BV Investments Partners for a total cash consideration of $350 million.

GlideFast’s experienced team has become part of Apex Consulting Services within ASGN’s Commercial Segment.
 
In addition, in connection with the closing, ASGN is granting restricted stock unit awards to 42 key GlideFast employees covering approximately 72,500 shares. Subject to continued service to ASGN, these grants will vest: (a) one-half on the second anniversary of the grant date, and (b) 25 per cent on each of the third and fourth anniversaries of the grant date. The restricted stock unit awards were granted as employment inducement awards pursuant to the New York Stock Exchange rules.

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