Sale to On Assignment
Baird served as the sole financial advisor to CyberCoders
AboutCyberCoders, Inc. (“CyberCoders” or the “Company”), a portfolio company of Riordan, Lewis & Haden Equity Partners (“RLH”), was recently acquired by On Assignment, Inc. (“On Assignment”) (NYSE: ASGN) for $105 million, consisting of $94 million in cash and an $11 million earn-out opportunity.
CyberCoders is a leading technology-enabled recruiting services firm that operates on a unique, comprehensive automated recruiting platform. The Company places middle and senior level professionals in permanent positions in a broad range of industries, including information technology, healthcare and life sciences throughout the United States. CyberCoders was founded in 1999 and is based in Irvine, California with additional offices in Los Angeles, California, Boston, Massachusetts and New York, New York.
Riordan, Lewis & Haden Equity Partners is a leading private equity firm which invests in high growth, lower middle market enterprises and primarily focuses on business services, healthcare and government services. RLH provides capital and assists portfolio company management teams as they navigate the opportunities and challenges of rapid growth. Riordan, Lewis & Haden Equity Partners is headquartered in Los Angeles, California with additional offices in Irvine, California and Chicago, Illinois.
On Assignment is a leading global provider of in-demand, skilled professionals in the growing technology, healthcare and science sectors. On Assignment provides clients with short-term and long-term placement of contract, contract-to-hire and direct hire professionals. Its business consists of four service offerings: Technology, Life Sciences, Healthcare and Physician. On Assignment is headquartered in Calabasas, California.
For additional information about this transaction, please contact:
- December 2013
- Technology & Services
- Target Location
- North America
- Acquiror Location
- North America
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