-
ICF’s
Business Would Double Outside North America -
GHK to Provide Complementary Services to Government and
Commercial Clients in Markets in
Europe andAsia - Transaction Expected to be Earnings Neutral in 2012
- ICF Raises its Preliminary 2012 Guidance
Founded in 1973, GHK’s 150 employees provide high-end consulting
services in research and evaluation, financial and impact assessment,
and program management from four offices in
“GHK is an excellent strategic fit for ICF, bringing multi-disciplinary,
highly educated, and motivated employees who have deep domain knowledge
in our key markets. This combination would significantly strengthen our
European presence with complementary services and create critical mass
for ICF in high-growth Asian markets,” said
Mr. Kesavan added, “This transaction is an important element of our
strategy to replicate ICF’s U.S. track record in
“We are excited by the prospect of joining ICF, which gives us the
platform to make an even greater positive impact for our clients on key
issues, as well as provide enhanced opportunities for our employees,”
said GHK Chief Executive
The combination of GHK with ICF would create value in several ways:
-
Add scale to ICF’s presence in
Europe . GHK provides a broader footprint of complementary services inEurope , including a large presence in theUnited Kingdom and with theEuropean Commission (EC) inBrussels , and an office inPoland . This will allow growth in the areas of environment, employment, health, education and training, transportation, social policy, business, and economic development. -
Provide scale to ICF’s
Asia business. The combined firm will have offices and significant presence inBeijing ,Hong Kong ,Singapore ,Bangkok ,Manila , andNew Delhi . This gives ICF excellent size and scope to take advantage of business opportunities in the areas of environment, health, education, economic development, energy, and transportation from locations that are close to key customers. -
Add depth in advisory capabilities in
Europe andAsia . The combined firm will be in a position to expand GHK’s advisory services into implementation areas. This breadth will expand existing client relationships and provide full service options to new clients in health, energy, transportation, and development.
Revised 2012 Revenue Guidance
Taking into account both the planned acquisition of GHK and the recent
acquisition of
About
Caution Concerning Forward-Looking Statements
Statements that are not historical facts and involve known and unknown
risks and uncertainties are "forward-looking statements" as defined in
the Private Securities Litigation Reform Act of 1995. Such statements
may concern our current expectations about our future results, plans,
operations, and prospects and involve certain risks, including those
related to the government contracting industry generally; our particular
business, including our dependence on contracts with U.S. federal
government agencies; and our ability to acquire and successfully
integrate businesses. These statements include those that refer to ICF’s
current expectations about the acquisition of GHK. Other factors that
could cause our actual results to differ from those indicated in
forward-looking statements are included in the "Risk Factors" section of
our securities filings with the
Source:
ICF International
Dr. Douglas Beck, 1-703-934-3820
or
MBS
Value Partners
Lynn Morgen/Betsy Brod, 1-212-750-5800