ASGN to acquire Quinnox for $290M in cash, sees accretion

ASGN (ASGN) announced that it has signed a definitive agreement to acquire Quinnox for $290M in cash. The transaction is subject to customary closing conditions, including the expiration or termination of any waiting period applicable under Hart-Scott Rodino Antitrust Improvement Act of 1976. The transaction is expected to close in March 2026. Quinnox generated approximately $100M in revenue in 2025 and is expected to achieve low-to-mid teens revenue growth in 2026. The company also anticipates adjusted EBITDA margins in the low 20-percent range for the year. Quinnox’s results will be included in ASGN’s results from the date of closing of the acquisition and are expected to be accretive to adjusted EPS in the first full year post close. Revenue and margin estimates do not include any revenue synergies related to ASGN’s current pipeline of opportunities.