August 2 2021
KippsDeSanto & Co. Advises ERPi on its sale to ECS a portfolio company of ASGN Incorporated
KippsDeSanto & Co. is pleased to announce the sale of its client, Enterprise Resource Performance Inc. (“ERPi” or the “Company”), to ECS Federal, LLC, a segment of ASGN Incorporated (NYSE: ASGN).
Headquartered in Fairfax, VA, ERPi is a leading provider of healthcare transformation, management consulting, and data analytics solutions across well-funded civilian and defense customers, including the Department of Veterans Affairs (“VA”) and the National Institutes of Health (“NIH”), among others. Of note, ERPI is deeply embedded within the Veterans Health Administration, helping to solve some of the nation’s most pressing healthcare problems, while designing, developing, and implementing innovative and data-driven solutions that have increased medical appointments, reduced wait times, assisted with suicide prevention, and supported the opening of medical centers. Notably, the Company was instrumental during the COVID-19 pandemic, having implemented telehealth solutions and developed processes to address shortages in critical medical supplies. Additionally, through its domain-agnostic and rapidly growing data analytics practice, the Company uses in-house artificial intelligence / machine learning (“AI / ML”)-based tools, algorithms, and automation techniques to, reconcile client data, recover and protect fraudulently redirected healthcare benefits, optimize claims processing, and allow clients to “search by image” through deep learning-based image recognition. ERPi’s advanced tradecraft has positioned the Company as a trusted partner to government executives at the forefront of national healthcare missions on large, transformative programs.
The transaction complements ECS’ healthcare consulting and analytics competencies and affords the buyer depth and breadth across well-funded customers, including the VA, germane to national health challenges.
We believe this investment demonstrates several key trends in the current government technology solutions M&A environment:
• Healthcare –and specifically healthcare consulting and analytics – has re-emerged as a highly coveted growth and M&A area given demographic and budgetary trends
• Strong focus on companies that have intimate, long-standing client relationships and strong competitive differentiators within the rapidly evolving federal healthcare ecosystem (e.g., electronic health record modernization, integrated health plans, and virtual health)
• Significant demand for advanced, data-centric consulting solutions driven by AI / ML
• Strategic buyers continue to seek acquisitions that unlock value and accelerate growth, particularly for assets that afford substantial revenue visibility, intellectual capital, and seasoned management teams
LEAD INVESTMENT BANKERS
Bob Kipps
Brian T. Tunney
KippsDeSanto & Co. is pleased to announce the sale of its client, Enterprise Resource Performance Inc. (“ERPi” or the “Company”), to ECS Federal, LLC, a segment of ASGN Incorporated (NYSE: ASGN).
Headquartered in Fairfax, VA, ERPi is a leading provider of healthcare transformation, management consulting, and data analytics solutions across well-funded civilian and defense customers, including the Department of Veterans Affairs (“VA”) and the National Institutes of Health (“NIH”), among others. Of note, ERPI is deeply embedded within the Veterans Health Administration, helping to solve some of the nation’s most pressing healthcare problems, while designing, developing, and implementing innovative and data-driven solutions that have increased medical appointments, reduced wait times, assisted with suicide prevention, and supported the opening of medical centers. Notably, the Company was instrumental during the COVID-19 pandemic, having implemented telehealth solutions and developed processes to address shortages in critical medical supplies. Additionally, through its domain-agnostic and rapidly growing data analytics practice, the Company uses in-house artificial intelligence / machine learning (“AI / ML”)-based tools, algorithms, and automation techniques to, reconcile client data, recover and protect fraudulently redirected healthcare benefits, optimize claims processing, and allow clients to “search by image” through deep learning-based image recognition. ERPi’s advanced tradecraft has positioned the Company as a trusted partner to government executives at the forefront of national healthcare missions on large, transformative programs.
The transaction complements ECS’ healthcare consulting and analytics competencies and affords the buyer depth and breadth across well-funded customers, including the VA, germane to national health challenges.
We believe this investment demonstrates several key trends in the current government technology solutions M&A environment:
• Healthcare –and specifically healthcare consulting and analytics – has re-emerged as a highly coveted growth and M&A area given demographic and budgetary trends
• Strong focus on companies that have intimate, long-standing client relationships and strong competitive differentiators within the rapidly evolving federal healthcare ecosystem (e.g., electronic health record modernization, integrated health plans, and virtual health)
• Significant demand for advanced, data-centric consulting solutions driven by AI / ML
• Strategic buyers continue to seek acquisitions that unlock value and accelerate growth, particularly for assets that afford substantial revenue visibility, intellectual capital, and seasoned management teams
LEAD INVESTMENT BANKERS
Bob Kipps
Brian T. Tunney