ASGN (NYSE: AGN), the parent organization of ECS Federal, has acquired technical risk management services provider Iron Vine Security in a push to grow ECS’ cybersecurity offerings in the government health market.
Thirty-six Iron Vine employees will receive restricted stock unit awards covering about $7 million worth of acquirer shares by Jan. 3 as part of the deal, ASGN said Monday.
The Washington, D.C.-headquartered company brings a team of more than 230 personnel to ECS.
“By combining and expanding our next-gen cybersecurity solutions and talented workforce, we strengthen our ability to deliver innovative solutions that protect our nation’s most critical resources and move our customers’ missions forward,” said John Heneghan, president of ECS and a 2022 Wash100 awardee.
Sullivan & Cromwell provided legal counsel to ASGN on the transaction while Holland & Knight acted as legal counsel and G Squared Capital Partners as financial adviser to Iron Vine.