Sale to ICF International, Inc.

Technology & Services
Sale to ICF International, Inc.

Summary

Baird served as exclusive financial advisor to Incentive Technology Group, LLC. on this transaction

About

Incentive Technology Group, LLC. (“ITG” or the “Company”) has agreed to be acquired by ICF International, Inc. (“ICF”) (NASDAQ:ICFI). The transaction is subject to regulatory approvals and customary closing conditions. ITG had revenues of approximately $90 million in 2019 and ended the year with a revenue run-rate in excess of $100 million. The purchase price is $255 million, and the acquisition is expected to close at the end of this month.

Founded in 2010, ITG is a unique, pure-play digital consulting firm, primarily working with federal government agency clients. The Company delivers transformational consulting and digital enablement for its clients by providing full lifecycle solutions using a broad range of technology platforms. ITG is an Elite Partner to ServiceNow in the public sector and was named ServiceNow’s 2019 “U.S. Federal Partner of the Year.” ITG is the largest Appian federal practice in North America. The Company is headquartered in Arlington, Virginia.

ICF is a global consulting services company with over 7,000 full- and part-time employees. At ICF, business analysts and policy specialists work together with digital strategists, data scientists and creatives. ICF combines unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve their most complex challenges. Since 1969, public and private sector clients have worked with ICF to navigate change and shape the future. ICF is headquartered in Fairfax, Virginia.
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Technology & Services
Sale to ICF International, Inc.
Date
January 2020
Company
Incentive Technology Group, LLC.
Transaction
M&A
Sectors
Technology & Services
Target Location
North America
Acquiror Location
North America

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