BV Investment Partners Announces Sale of TopBloc To ASGN Incorporated
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BOSTON, Feb. 4, 2025 ~ BV Investment Partners (BV), a private equity firm specializing in the tech-enabled business services, software, and IT services sectors, has announced the sale of TopBloc to ASGN Incorporated (NYSE: ASGN). The definitive agreement was signed today, marking a significant milestone for both companies.

TopBloc, a leading Workday consultancy founded in 2016 and based in Chicago, offers deployment services and on-demand support for various areas such as human capital management and financial management. With over 300 Workday installations in the past five years, TopBloc has become a trusted certified Workday Services Partner for medium and large enterprises across North America. Its diverse client base spans six industry verticals, including financial management, human capital management, and payroll management.

Upon completion of the transaction, TopBloc's team of over 500 experienced consultants will join ASGN's Consulting Services division. This move is expected to further strengthen ASGN's position as a leader in the tech-enabled business services sector.

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Christopher Skinner, Chief Executive Officer of TopBloc, expressed his excitement about the sale. He stated that over the past five years, with the support of BV Investment Partners, TopBloc has consistently grown and helped thousands of enterprises achieve successful Workday installations. He also highlighted the increasing reliance on Workday's solutions by companies to achieve their growth and automation goals.

Matt Kinsey, Managing Partner at BV Investment Partners, praised TopBloc's performance since their investment in 2020. He commended Chris Skinner and his team for their efforts in enhancing TopBloc's technology tools and expanding its professional and managed services. Kinsey believes that TopBloc has found a strong home as part of ASGN.

The transaction is subject to customary closing conditions including Hart-Scott-Rodino (HSR) approval and is expected to be completed during the first quarter of 2025. With this acquisition, ASGN is poised to further strengthen its position as a leader in the tech-enabled business services sector and provide even more comprehensive services to its clients. For more information, visit www.topbloc.com.

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