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On Assignment Widens Its Reach With Buy

Investor’s Business Daily (08/14/12) Vance Cariaga

On Assignment, a staffing firm that provides consultants to information technology, health care, and life sciences clients, recently acquired the information technology staffing services company Apex Systems for $600 million. Although the price may seem a bit high given that On Assignment’s revenue was just $597 million in 2011, the acquisition boosted its stock price by 27% and promises to expand its customer base. According to Avondale Partners analyst Randy Reece, “It gets the company more into the mainstream of the IT staffing market.”