ASGN Inc. to Acquire Quinnox: A Strategic Move into Digital Solutions

On January 20, 2026, ASGN Incorporated (NYSE: ASGN), soon to be renamed Everforth, announced a definitive agreement to acquire Quinnox Inc., a leading digital solutions provider, for $290 million in cash. The acquisition is subject to customary closing conditions, including compliance with the Hart-Scott Rodino Antitrust Improvement Act, and is expected to be finalized by March 2026.

Ted Hanson, CEO of ASGN, highlighted the acquisition as a pivotal moment in the company’s long-term strategy to bolster its digital engineering and complex delivery capabilities. "Joining forces with Quinnox represents a significant milestone... and positions us for our next wave of growth and value creation," he stated. The acquisition aims to enhance ASGN's ability to deliver advanced digital solutions, thereby expanding its offerings to its Fortune 1000 client base.

Founded in 2002 in Chicago, Illinois, Quinnox has established itself as a trusted partner for businesses seeking to accelerate their digital transformation and AI initiatives. With a comprehensive portfolio that includes application management, custom engineering, data analytics, and enterprise software consulting, Quinnox serves a diverse client base across five key industries: Business & Financial Services, Environment & Energy, Consumer Retail, Distribution & Transportation, and Manufacturing. The company's strong client relationships, averaging over a decade in tenure, reflect its solid growth trajectory.

ASGN's President, Shiv Iyer, emphasized the immediate benefits expected from integrating Quinnox's global delivery platform and expertise. He noted, "Integrating Quinnox’s global delivery platform... will allow us to immediately deliver scalable, efficient digital engineering solutions." Leveraging Quinnox's partnerships with major technology players such as AWS, Databricks, and Salesforce will enable both companies to co-create agile solutions that address evolving enterprise needs.

Anil Kumar, Founder and Chair of Quinnox, expressed enthusiasm about the merger, stating, “Our shared values of agility, innovation, and deep client engagement create a powerful foundation for collaboration.” He sees the combined strengths of the two companies as a catalyst for accelerated growth.

Quinnox generated approximately $100 million in revenue in 2025 and is projected to achieve low-to-mid teens revenue growth in 2026, with anticipated Adjusted EBITDA margins in the low 20-percent range. ASGN expects Quinnox’s results to be included in its financial statements from the closing date of the acquisition, with a forecast that they will be accretive to Adjusted EPS in the first full year post-close.

In conjunction with the acquisition announcement, ASGN reaffirmed its expectations for strong performance in the fourth quarter of 2025. The company anticipates revenues at the high end of its previous guidance, estimating between $960 million to $980 million, with Adjusted EBITDA also expected to land at the higher end of the $102 million to $107 million range.

ASGN has maintained a balanced capital allocation strategy, with a focus on organic growth, mergers and acquisitions, and share repurchases. During Q4 2025, ASGN repurchased 1.4 million shares for $64.2 million, and it still has $972 million remaining under its $1 billion share buyback program.

ASGN's strong Free Cash Flow generation, exceeding its target range of 60 to 65 percent of Adjusted EBITDA, positions the company favorably for future growth. The management anticipates approximately $1 billion in Free Cash Flow over the next three years, which provides ample opportunity for strategic acquisitions and share repurchases.

Further details regarding ASGN's Q4 and full year 2025 financial performance will be provided during the upcoming earnings conference call scheduled for February 4, 2026.

The acquisition of Quinnox by ASGN marks a strategic expansion into the digital solutions arena, aligning with the company's long-term growth strategies. The integration of Quinnox’s capabilities is expected to enhance ASGN's service offerings significantly, positioning both companies for robust future growth in the rapidly evolving IT services landscape. As ASGN transitions to its new identity as Everforth, the market will be watching closely to see how this acquisition unfolds and the value it creates for stakeholders.