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The ICF Deal Machine
Consultancy ICF, based in Fairfax, VA, has had a busy few weeks. First, in October, it closed its biggest purchase yet, that of Caliber Associates, another Fairfax-based consultancy with annual sales of about $40M, deal terms undisclosed. Shortly thereafter, it announced its purchase of natural gas consultancy Project Technical Liaison Associates (PTL).
Caliber serves primarily a Federal Government clientele, like ICF itself. However, Caliberís 300 employees bring specialized HR consulting expertise to the combined entity and extend ICFís market to an alphabet soup of other government departments like the Dod, DoE, HHS, DoJ, and ED.
PTL, founded in 1978 and headquartered in Houston, specializes in the liquid natural gas industry, focusing on engineering, safety, and code compliance. PTL's size and the terms of the asset purchase transaction were not disclosed.
Earlier this year ICF purchased Synergy, a 200-employee consultancy specializing in DoD work and also based in the DC area.
Now with about 1,500 employees, ICF provides management, technology, policy, and software consulting; economic, and regulatory analysis, regulatory support, scientific and risk assessment services. Under the leadership of Chairman/CEO Sudhakar Kesavan, ICF has risen energetically from the bankrupt ashes of a predecessor firm.
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