M&A
confidence high
sentiment positive
materiality 0.80
ASGN to acquire Quinnox for $290M cash; Q4 revenue/EBITDA at high end of guidance
Everforth Inc
- Acquisition of Quinnox for $290M cash, expected to close March 2026; Quinnox had $100M revenue in 2025 with low-20% EBITDA margins.
- Q4 2025 revenue expected at high end of $960M-$980M range; adjusted EBITDA at high end of $102M-$107M.
- Repurchased 1.4M shares for $64.2M in Q4; $972M remaining under $1B buyback program.
- Free cash flow conversion exceeded 60-65% target; expects ~$1B FCF over next three years.
- Quinnox acquisition expected to be accretive to adjusted EPS in first full year post close.