ASGN to Acquire Quinnox for $290M, Expanding Digital Solutions Capabilities
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2026
0mins
Source: seekingalpha
- Acquisition Deal: ASGN has agreed to acquire digital solutions provider Quinnox for $290 million in cash, with the deal expected to close in March 2026, significantly enhancing ASGN's digital engineering and AI delivery capabilities across its Fortune 1000 client base.
- Financial Performance: Quinnox is projected to generate approximately $100 million in revenue in 2025, with expected low-to-mid teens growth and low-20% EBITDA margins in 2026, thereby providing substantial financial returns for ASGN.
- Earnings Outlook: The acquisition is anticipated to be accretive to adjusted EPS in the first full year post-closing, further solidifying ASGN's profitability and competitive position in the market.
- Sustained Growth: ASGN reaffirmed its Q4 2025 revenue and EBITDA guidance, targeting revenues of $960 million to $980 million, indicating strong momentum in its AI and consulting business expansion.
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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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