ASGN to Acquire Quinnox for $290 Million, Projecting Revenue Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2026
0mins
Source: seekingalpha
- Acquisition Agreement: ASGN has signed a definitive agreement to acquire Quinnox for $290 million in cash, with the transaction expected to close in March 2026, thereby enhancing ASGN's competitive position in the market.
- Revenue Growth Outlook: Quinnox is projected to generate approximately $100 million in revenue in 2025, with expected low-to-mid-teens revenue growth in 2026, which will significantly boost ASGN's overall revenue.
- Profitability Enhancement: ASGN anticipates adjusted EBITDA margins in the low 20 percent range for 2026, and the acquisition of Quinnox is expected to further enhance overall profitability, positively impacting adjusted EPS.
- Fourth Quarter Performance Forecast: ASGN reaffirmed its revenue guidance for Q4 2025 at $960 million to $980 million, with adjusted EBITDA also expected to be at the high end of the previously announced range of $102 million to $107 million, reflecting strong momentum in AI and consulting.
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Analyst Views on ASGN
Wall Street analysts forecast ASGN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ASGN is 48.25 USD with a low forecast of 41.00 USD and a high forecast of 57.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
3 Buy
1 Hold
1 Sell
Moderate Buy
Current: 49.310
Low
41.00
Averages
48.25
High
57.00
Current: 49.310
Low
41.00
Averages
48.25
High
57.00
About ASGN
ASGN Incorporated is a provider of information technology (IT) services and solutions to the commercial and government sectors. The Company operates through two segments: Commercial and Federal Government. The Commercial segment provides a spectrum of IT services and solutions to Fortune 1000 and large mid-market clients. Growth in this segment is being driven by digital transformation and innovation requirements, including that of AI, workforce mobilization, and modern enterprise needs across five industry verticals: Financial Services, Consumer and Industrial, Technology, Media, and Telecom, Healthcare, and Business and Government Services. The Federal Government segment delivers advanced solutions in cloud and enterprise IT, cybersecurity, AI/ML, application, and digital transformation to agencies in both the public and private sectors. The segment provides services under time-and-materials, cost-reimbursable, and firm-fixed-price contracts.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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