Top Deal: ESC Federal buys InfoReliance
Buyer: ECS Federal
Why: One of ECS Federal’s strategies was to break the $500 million barrier in annual revenue. InfoReliance accelerated ECS past that mark by adding $150 million in revenue. Beyond scale, the deal also marked a major milestone in ECS’ transformation toward more solution-based offerings for agencies as opposed to just being another provider of acquisition and program management support. A lot of people liked this deal. In fact, it helped position ECS as a takeover target. In January 2018, ECS was acquired for $775 million by On Assignment, a publicly-traded holding company. That deal will close in April.
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