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New Deal


Announced

ICF to acquire Creative Systems and Consulting.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Digital Services

Pending

Friendly

United States

Cross Border

Private

United States Minor Outlying Islands

Majority

IT modernization

Acquisition

Single Bidder

Synopsis

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ICF, a consulting and digital services provider, agreed to acquire Creative Systems and Consulting, a provider of IT modernization. Financial terms are not disclosed. "This transaction is aligned with our strategy of pairing organic growth with select acquisitions that strengthen ICF's position in key growth markets. Creative's expertise in cloud development considerably expands our qualifications in the federal IT modernization/digital transformation arena, and the company has delivered flagship work with many civilian agencies that have been long-standing clients of ICF, including the US Department of Health and Human Services, the US Department of Agriculture and the US Department of Treasury. We expect this acquisition to provide significant opportunities for revenue synergies over time as ICF now will offer leading practices supporting the most highly adopted low-code/no-code platforms in the federal government. Importantly, the cultural fit is excellent, highlighted by a shared commitment to delivering value to clients while making a difference in the communities we serve," John Wasson, ICF Chairman and CEO.

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