Houlihan Lokey Advises Avaap
Houlihan Lokey is pleased to announce that Avaap, a portfolio company of NMS Capital, has sold its Infor Business Unit to ASGN Incorporated (NYSE:ASGN). The Infor Business Unit includes roughly 240 employees who are now part of Apex Consulting Services. The transaction closed on June 30, 2021.
Founded in 2006 and headquartered in Edison, New Jersey, Avaap is a KLAS-recognized, industry-focused, cross-platform management and technology consulting firm known for delivering strategic technology solutions and exceptional customer experiences. With offices across the U.S. and around the world, Avaap has deep expertise in healthcare, higher education, government, and manufacturing, among other industries. Organizations ranging from medium-sized businesses to large enterprises have partnered with Avaap for successful transformation. The Infor Business Unit has helped organizations successfully implement Infor solutions for more than 15 years and gained recognition for ERP implementation leadership as a five-time Infor Partner of the Year recipient.
ASGN Incorporated is one of the foremost providers of IT and professional services in the technology, digital, creative, engineering, and life sciences fields across commercial and government sectors. ASGN helps leading corporate enterprises and government organizations develop, implement, and operate critical IT and business solutions through its integrated offering of professional staffing and IT solutions. ASGN's mission is to be the most trusted partner for companies seeking highly skilled human capital and integrated solutions to fulfill their strategic and operational needs.
The Avaap Infor Business Unit adds to ASGN’s growing portfolio of high-growth IT solutions and consulting capabilities for its healthcare and manufacturing clients, including new and enhanced advisory and managed services offerings. With the continued expansion of IT budgets, the Infor Business Unit is positioned for significant opportunities ahead as legacy users of the Infor platform upgrade to the cloud, specifically healthcare and manufacturing users, among other industry users.
Houlihan Lokey served as the financial advisor to Avaap and NMS Capital and assisted in initiating, structuring, and negotiating the transaction. The transaction highlights the continued success of Houlihan Lokey’s dedicated coverage of the IT services market.
RELATED: IT Services