BOSTON, Feb. 4, 2025
/PRNewswire/ -- BV Investment Partners (BV), a middle-market
private equity firm focused on the tech-enabled business services,
software and IT services sectors, announced today the signing of a
definitive agreement for the sale of TopBloc, a leading,
high-growth, tech-enabled Workday consultancy, to ASGN Incorporated
(NYSE: ASGN).
Founded in 2016 and headquartered in Chicago, TopBloc provides Workday deployment
services and on-demand support in areas ranging from human capital
management to financial and payroll management. With more than 300
Workday installations over the past five years, TopBloc has become
a preferred certified Workday Services Partner for medium and large
enterprise customers across North
America. TopBloc's diverse client base spans six industry
verticals, including financial management, human capital
management, and payroll management. Upon completion of the
transaction, TopBloc's highly experienced team of over 500
consultants will become part of ASGN's Consulting Services. For
more information, visit www.topbloc.com.
TopBloc Chief Executive Officer, Christopher Skinner, said, "Over the past five
years, together with our partners at BV, we have consistently grown
TopBloc, allowing thousands of enterprises to achieve effective
Workday installations and to optimize the benefits of the Workday
platform on an ongoing basis. Companies are increasingly
relying on Workday's mission critical solutions to achieve their
growth and automation objectives, which we believe will result in
continued acceleration of demand for our services in the
future."
Matt Kinsey, Managing Partner at
BV Investment Partners, commented, "TopBloc is a leading partner
within Workday's ecosystem, having experienced strong performance
since our investment in 2020. Chris and his team have done a
tremendous job enhancing TopBloc's technology tools and scaling
both its professional and managed services. TopBloc has found
a strong home as part of ASGN."
The transaction is subject to Hart-Scott-Rodino (HSR) and other
customary closing conditions and is expected to close during the
first quarter of 2025.
About BV Investment Partners
BV Investment Partners is one of the oldest and most
experienced sector-focused private equity firms in North America. Since its founding in 1983, the
firm has invested approximately $5.6
billion, actively targeting investments in the tech-enabled
business services, software, and IT services industries. The firm
is investing out of its 11th private equity fund, which closed in
September 2023 with $1.75 billion in capital commitments. BV was
ranked in Inc. magazine's 2024 list of Founder-Friendly Investors.
For more information, visit www.bvlp.com.
Contact: Chris Tofalli
Chris Tofalli Public Relations, LLC
914-834-4334
View original content to download
multimedia:https://www.prnewswire.com/news-releases/bv-investment-partners-announces-sale-of-topbloc-to-asgn-incorporated-302368082.html
SOURCE BV Investment Partners
