ICF International - M&A Summary and Business Overview

Business ServicesCompany

ICF International M&A Summary

ICF International has acquired 16 companies, including 5 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 1 asset.

ICF International’s largest acquisition to date was in 2020, when it acquired Incentive Technology Group for $255M. ICF International has acquired in 8 different US states, and 3 countries. The Company’s most targeted sectors include information technology (34%) and marketing (27%).

ICF International Business Overview

Where is ICF International headquartered?

ICF International is headquartered in Reston, Virginia.

What is ICF International’s revenue?

ICF International disclosed revenue of 2,020M USD for 2024 and 1,963M USD for 2023.

How many employees does ICF International have?

ICF International has 7,998 employees.

What sector is ICF International in?

ICF International is a business services company.

When was ICF International founded?

ICF International was founded in 1969 .

M&A Summary

  • M&A Total Activity16
    • M&A Buy Activity15
    • M&A Sell Activity1
  • Total Sectors Invested 5
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 8
  • M&A Advisors 5

ICF International

ICF International, Inc.

1902 Reston Metro Plaza,
Reston, Virginia 20190
United States,
(703) 934-3000
www.icfi.com

ICF International is a provider of management, technology, and policy consulting and implementation services to government and commercial clients in the United States. ICF International was founded in 1969 and is based in Reston, Virginia.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.8/yr) # 11 2 1 - - 1 15
vol $282M $282M
Sell (0.2/yr) # - - - 1 - - 1
  16

Most Recent M&A

Company Date Value Type
Applied Energy Group 2025-01-07 - Divestiture
Islandia, New York · www.appliedenergygroup.com
Phaedon LLC 2023-12-14 - Divestiture
Minneapolis, Minnesota · www.wearephaedon.com
SemanticBits 2022-06-08 - Add-on Acquisition
Herndon, Virginia · www.semanticbits.com
Creative Systems and Consulting 2021-12-13 - Add-on Acquisition
Mclean, Virginia · www.creativesyscon.com
ESAC, Inc. 2021-11-02 - Add-on Acquisition
Rockville, Maryland · www.esacinc.com
Incentive Technology Group (ITG) 2020-01-13 255M USD Add-on Acquisition
Arlington, Virginia · www.itgfirm.com
We are Vista Ltd. 2018-10-04 - Add-on Acquisition
West Yorkshire, United Kingdom · www.wearevista.co.uk
DMS Disaster Consultants 2018-08-02 - Add-on Acquisition
Boca Raton, Florida · www.dmsrecovery.com
The Future Customer Ltd. 2017-12-14 - Add-on Acquisition
London, United Kingdom · www.thefuturecustomer.com
OLSON 2014-11-05 - Add-on Acquisition
Minneapolis, Minnesota · www.olson.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
OLSON 2014-11-05 PulsePoint Group 2014-11-05 1
Minneapolis, Minnesota · www.olson.com Austin, Texas · www.pulsepointgroup.com

M&A by Sector

Sector Buy # Value Sell # Value
Information Technology 5 (33%) 282M (100%) - -
Marketing 4 (27%) - 1 (100%) -
Business Services 3 (20%) - - -
Internet Software and Services 2 (13%) - - -
Media 1 (7%) - - -
Total 15 $282M 1 -

By Geo

State/Country Buy Value Sell Value
United States 12 282M 1 -
  Virginia 4 255M - -
  Maryland 2 27M - -
  Minnesota 1 - 1 -
  Vermont 1 - - -
  Texas 1 - - -
  New York 1 - - -
  Florida 1 - - -
  Colorado 1 - - -
United Kingdom 2 - - -
Belgium 1 - - -
Domestic 12 (80%) 282M (100%) 1 (100%) -
Cross-border 3 (20%) - - -
Total 15 $282M 1 -

Top M&A Advisors

Financial Deals
Canaccord Genuity
1
Legg Mason
1
Legal Deals
DLA Piper
2
McGrath North Mullin & Kratz
1
PwC Law
1

Deal Values

buy # Total
$100M to $1B 1 $255M
< $100M 1 $27M
TOTAL $282M
Largest Incentive Technology Group (ITG)
$255M (2020-01-13)

M&A Connections

Deals
Acquired from
Investor(s)
13%
2 (13%)
Strategic(s)
13%
2 (13%)
Divested to
Investor(s)
100%
1 (100%)

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