Research and Evaluation Capabilities Significantly Expanded in Health, Human Services, and Social Programs
FAIRFAX, Va.--(BUSINESS WIRE)--Apr. 1, 2009--
ICF International (NASDAQ:ICFI) announced today it has closed on the
acquisition of Macro International Inc. (Macro), an advisory,
implementation, and evaluation services firm providing research-based
solutions to U.S. federal government agencies in health and other areas.
The purchase price was approximately $155 million.
McGrath North Mullin & Kratz, PC LLO and Arent Fox LLP acted as ICF’s
legal counsel on the transaction. RSM McGladrey, Inc. conducted
financial and tax due diligence.
Macro provides research and evaluation, management consulting, marketing
communications, and information services to key agencies of the federal
government. The company is recognized for its expertise in research,
evaluation, consulting and implementation services, particularly in
federal health programs, covering a wide range of health issues in the
United States and internationally. In addition to its health-related
expertise, Macro has strong credentials in housing, labor, and veterans
affairs issues and has worked in energy, environment, and
transportation. Headquartered in the Washington, D.C. metropolitan area,
Macro has more than 700 full-time employees and nine offices.
About ICF International
ICF International (NASDAQ:ICFI) partners with government and commercial
clients to deliver professional services and technology solutions in the
energy and climate change; environment and infrastructure; health, human
services, and social programs; and homeland security and defense
markets. The firm combines passion for its work with industry expertise
and innovative analytics to produce compelling results throughout the
entire program life cycle, from research and analysis through
implementation and improvement. Since 1969, ICF has been serving
government at all levels, major corporations, and multilateral
institutions. More than 3,500 employees serve these clients worldwide.
ICF’s Web site is www.icfi.com.
Caution Concerning Forward-looking Statements
This document may contain “forward-looking statements” as that term is
defined in the Private Securities Litigation Reform Act of 1995—that is,
statements related to future—not past—events, plans, and prospects.
These statements involve known and unknown risks, uncertainties, and
other factors that may cause our actual results, levels of activity,
performance, or achievements to be materially different from any future
results, levels of activity, performance, or achievements expressed or
implied by such forward-looking statements. In some cases, you can
identify these statements by forward-looking words such as “guidance,”
“anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,”
“plan,” “potential,” “seek,” “should,” “will,” “would,” or similar
words. You should read statements that contain these words carefully
because they discuss our future expectations, contain projections of our
future results of operations or of our financial position, or state
other forward-looking information, and are subject to factors that could
cause actual results to differ materially from those anticipated. These
statements include those that refer to ICF’s current expectations about
the acquisition of Macro. Although ICF believes its expectations are
based on what management believes to be reasonable assumptions, it
cannot assure the expectations reflected in this document will be
achieved as they are subject to risks and uncertainties that are
difficult to predict and may be outside of ICF’s control. Such risks and
uncertainties include the possibility that the benefits anticipated from
the Macro transaction will not be fully realized and other risks in
connection with the proposed transaction.
In relation to ICF’s business, particular uncertainties that could
adversely or positively affect the Company’s future results include but
are not limited to: risks related to the government contracting
industry, including the timely approval of government budgets, changes
in client spending priorities, and the results of government audits and
investigations; risks related to our business, including our dependence
on contracts with U.S. federal government agencies and departments and
the State of Louisiana; continued good relations with these and other
customers; success in competitive bidding on recompete and new
contracts; performance by ICF and its subcontractors under our contract
with the State of Louisiana, Office of Community Development, including
but not limited to the risks of failure to achieve certain levels of
program activities, termination, or material modification of the
contract, and political uncertainties relating to The Road Home program;
uncertainties as to whether revenues corresponding to the Company’s
contract backlog will actually be received; the future of the energy and
air transportation sectors of the global economy; our ability to attract
and retain management and staff; strategic actions, including attempts
to expand our service offerings and client base, the ability to make
acquisitions, and the performance and future integration of acquired
businesses; risks associated with operations outside the United States,
including but not limited to international, regional, and national
economic conditions, including the effects of terrorist activities, war,
and currency fluctuations; and other risks and uncertainties disclosed
in the Company’s filings with the Securities and Exchange Commission.
These uncertainties may cause ICF’s actual future results to be
materially different than those expressed in the Company’s
forward-looking statements. ICF does not undertake to update its
forward-looking statements.
Source: ICF International
ICF International
Investor Contact:
Lynn
Morgen, 212-750-5800
lynn.morgen@mbsvalue.com
or
Media
Contact:
Stacey Hohenberg, 703-218-2504
shohenberg@icfi.com
