On Assignment Acquires StratAcuity Staffing Partners; Initiates Term Loan Reprice
Aug 9, 2017
August 08, 2017 06:00 PM Eastern Daylight Time
CALABASAS, Calif.--( BUSINESS WIRE )--On Assignment, Inc. (NYSE:ASGN), a leading global provider of diversified staffing solutions announced today that it acquired StratAcuity Staffing Partners, Inc., a provider of specialized clinical/scientific staffing solutions for biotechnology and pharmaceutical organizations. Stratacuity supports clients in the greater Boston area with contract, permanent placement and managed services solutions. The company was founded in 2001 by Robert Patten and Patrick Marshall, and has enjoyed 16 years of steady growth, with $16 million in revenues for 2016. This acquisition enables On Assignment to build upon its presence in its Life Sciences staffing vertical and provides us with a great opportunity to strengthen our Clinical Research offerings to our clients making us one of the largest providers of scientific and clinical staffing solutions. On Assignment further announced that it is proposing, subject to market and other conditions, to reprice its existing Term B credit facility. There can be no assurances about the timing or terms of the planned repricing, or that the repricing will occur at all. About On Assignment
On Assignment, Inc. is a leading global provider of highly skilled, hard-to-find professionals in the growing technology, life sciences, and creative sectors, where quality people are the key to success. The Company goes beyond matching résumés with job descriptions to match people they know into positions they understand for temporary, contract-to-hire, and direct hire assignments. Clients recognize On Assignment for its quality candidates, quick response, and successful assignments. Professionals think of On Assignment as career-building partners with the depth and breadth of experience to help them reach their goals. The Company has a network of branch offices throughout the United States, Canada and Europe. To learn more, visit http://www.onassignment.com .