BV Investment Partners Announces Sale of TopBloc To ASGN Incorporated
BV Investment Partners has announced a definitive agreement to sell TopBloc, a tech-enabled Workday consultancy, to ASGN Incorporated (NYSE: ASGN). Founded in 2016 and based in Chicago, TopBloc has completed over 300 Workday installations in the past five years, serving medium and large enterprise customers across North America.
TopBloc provides Workday deployment services and support across six industry verticals, including financial management, human capital management, and payroll management. The company's team of over 500 consultants will join ASGN's Consulting Services upon completion of the transaction.
The deal is subject to Hart-Scott-Rodino and other customary closing conditions, with an expected closing during the first quarter of 2025.
BV Investment Partners ha annunciato un accordo definitivo per vendere TopBloc, una consulenza tecnologica specializzata in Workday, a ASGN Incorporated (NYSE: ASGN). Fondata nel 2016 e con sede a Chicago, TopBloc ha completato oltre 300 installazioni di Workday negli ultimi cinque anni, servendo clienti di medie e grandi dimensioni in tutto il Nord America.
TopBloc offre servizi di implementazione e supporto per Workday in sei settori industriali, tra cui la gestione finanziaria, la gestione delle risorse umane e la gestione delle buste paga. Il team dell'azienda, composto da oltre 500 consulenti, entrerà a far parte dei Servizi di Consulenza di ASGN al termine della transazione.
L'accordo è soggetto alle condizioni di chiusura consuete, comprese quelle di Hart-Scott-Rodino, con una chiusura prevista nel primo trimestre del 2025.
BV Investment Partners ha anunciado un acuerdo definitivo para vender TopBloc, una consultoría habilitada tecnológicamente en Workday, a ASGN Incorporated (NYSE: ASGN). Fundada en 2016 y con sede en Chicago, TopBloc ha completado más de 300 instalaciones de Workday en los últimos cinco años, atendiendo a clientes medianos y grandes en toda América del Norte.
TopBloc proporciona servicios de implementación y soporte de Workday en seis verticales industriales, incluyendo la gestión financiera, la gestión del capital humano y la gestión de nómina. El equipo de más de 500 consultores de la compañía se unirá a los Servicios de Consultoría de ASGN una vez que se complete la transacción.
El acuerdo está sujeto a las condiciones de cierre habituales, incluyendo las de Hart-Scott-Rodino, con un cierre esperado durante el primer trimestre de 2025.
BV Investment Partners는 ASGN Incorporated (NYSE: ASGN)에게 기술 기반의 Workday 컨설팅 회사인 TopBloc를 판매하기 위한 확정 계약을 발표했습니다. 2016년에 설립되어 시카고에 본사를 둔 TopBloc는 지난 5년 동안 300건 이상의 Workday 설치를 완료했으며, 북미의 중대형 기업 고객들에게 서비스를 제공해왔습니다.
TopBloc은 재무 관리, 인적 자원 관리 및 급여 관리 등 6개 산업 분야에서 Workday 배포 서비스 및 지원을 제공합니다. 500명 이상의 컨설턴리로 구성된 회사의 팀은 거래 완료 후 ASGN의 컨설팅 서비스에 합류할 것입니다.
이번 거래는 Hart-Scott-Rodino 및 기타 관행적인 종료 조건에 따라 진행되며, 2025년 첫 분기 내에 마감될 것으로 예상됩니다.
BV Investment Partners a annoncé un accord définitif pour vendre TopBloc, une société de conseil technique spécialisée dans Workday, à ASGN Incorporated (NYSE: ASGN). Fondée en 2016 et basée à Chicago, TopBloc a réalisé plus de 300 installations Workday au cours des cinq dernières années, en servant des clients de taille moyenne et grande à travers l'Amérique du Nord.
TopBloc fournit des services de déploiement et de support Workday dans six secteurs d'activité, y compris la gestion financière, la gestion des ressources humaines et la gestion des paies. L'équipe de plus de 500 consultants de l'entreprise rejoindra les Services de Conseil d'ASGN à la conclusion de la transaction.
L'accord est soumis aux conditions de clôture habituelles, notamment celles de Hart-Scott-Rodino, avec une clôture prévue au cours du premier trimestre 2025.
BV Investment Partners hat eine definitive Vereinbarung zum Verkauf von TopBloc, einer technologiegestützten Workday-Beratung, an ASGN Incorporated (NYSE: ASGN) bekannt gegeben. Gegründet im Jahr 2016 und mit Sitz in Chicago, hat TopBloc in den letzten fünf Jahren über 300 Workday-Installationen abgeschlossen und bedient mittelgroße und große Unternehmenskunden in Nordamerika.
TopBloc bietet Implementierungs- und Unterstützungsdienste für Workday in sechs Industriebereichen an, darunter Finanzmanagement, Personalmanagement und Gehaltsabrechnung. Das Team des Unternehmens, das aus über 500 Beratern besteht, wird nach Abschluss der Transaktion zu den Beratungsdiensten von ASGN wechseln.
Der Deal unterliegt den üblichen Abschlussbedingungen, einschließlich der Hart-Scott-Rodino-Bestimmungen, mit einer erwarteten Abschlusszeit im ersten Quartal 2025.
- Acquisition of TopBloc adds over 500 skilled consultants to ASGN's workforce
- Expands ASGN's presence in the growing Workday implementation market
- TopBloc brings a track record of 300+ successful Workday installations
- Diversification into six industry verticals through TopBloc's client base
- None.
Insights
The acquisition of TopBloc marks a significant strategic expansion for ASGN in the lucrative Workday implementation market. With TopBloc's impressive portfolio of over 300 Workday installations and a skilled workforce of 500 consultants, this acquisition immediately positions ASGN as a major player in the enterprise software consulting space.
The timing is particularly strategic as enterprise digital transformation initiatives continue to accelerate. Workday's platform has become increasingly critical for modern business operations and the demand for qualified implementation partners has been outpacing supply. TopBloc's status as a certified Workday Services Partner, combined with their specialized expertise across six industry verticals, provides ASGN with immediate market credibility and cross-selling opportunities.
The integration of TopBloc into ASGN's Consulting Services division should yield significant synergies. ASGN can leverage its existing client relationships to expand TopBloc's reach, while TopBloc's expertise can enhance ASGN's service offerings to current clients. The acquisition also diversifies ASGN's revenue streams, adding high-margin consulting services and recurring revenue from ongoing support contracts.
From a competitive standpoint, this acquisition strengthens ASGN's market position against other IT consulting firms and staffing companies. The Workday implementation market has high barriers to entry due to certification requirements and the need for specialized expertise. By acquiring an established player like TopBloc, ASGN gains immediate market share and expertise that would have taken years to develop organically.
TopBloc's technical profile reveals a sophisticated implementation methodology that has been refined through 300+ successful Workday deployments. Their expertise spans critical enterprise functions including human capital management, financial management and payroll systems - three of the most complex and high-stakes areas of business operations.
A key differentiator is TopBloc's development of proprietary technology tools that streamline Workday implementations. This intellectual property, combined with their extensive implementation experience, suggests potential for significant operational efficiencies that could enhance ASGN's service delivery capabilities and profit margins.
The scalability of TopBloc's approach is evidenced by their successful handling of both medium and large enterprise customers. This flexibility in service delivery model is particularly valuable as it allows ASGN to target a broader market segment while maintaining service quality and efficiency.
The technical synergies between TopBloc and ASGN's existing consulting services create opportunities for enhanced service offerings. The combination could lead to more comprehensive digital transformation solutions, particularly in areas where Workday integrates with other enterprise systems.
Founded in 2016 and headquartered in
TopBloc Chief Executive Officer, Christopher Skinner, said, "Over the past five years, together with our partners at BV, we have consistently grown TopBloc, allowing thousands of enterprises to achieve effective Workday installations and to optimize the benefits of the Workday platform on an ongoing basis. Companies are increasingly relying on Workday's mission critical solutions to achieve their growth and automation objectives, which we believe will result in continued acceleration of demand for our services in the future."
Matt Kinsey, Managing Partner at BV Investment Partners, commented, "TopBloc is a leading partner within Workday's ecosystem, having experienced strong performance since our investment in 2020. Chris and his team have done a tremendous job enhancing TopBloc's technology tools and scaling both its professional and managed services. TopBloc has found a strong home as part of ASGN."
The transaction is subject to Hart-Scott-Rodino (HSR) and other customary closing conditions and is expected to close during the first quarter of 2025.
About BV Investment Partners
BV Investment Partners is one of the oldest and most experienced sector-focused private equity firms in
Contact: Chris Tofalli
Chris Tofalli Public Relations, LLC
914-834-4334
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SOURCE BV Investment Partners
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