ASGN sells Oxford Global Resources for $525M
Massachusetts-based Oxford is staffing and consulting company
Glen Allen-based ASGN Inc. has sold its Oxford Global Resources LLC subsidiary to an affiliate of Miami-based private equity firm H.I.G. Capital for a total cash consideration of $525 million, ASGN announced Wednesday.
Based in Massachusetts, Oxford is a staffing and consulting company with offices across North America. ASGN retained Sullivan & Cromwell LLP as legal counsel and William Blair and Truist Securities as financial advisers in the sale. H.I.G. Capital retained Ropes & Gray LLP as legal counsel and Wells Fargo Securities LLC as its financial advisor in the purchase.
ASGN is a Fortune 1000 provider of IT and professional services. The company recently acquired Fairfax consulting firm Enterprise Resource Performance Inc. and Reston-based Indrasoft.