ICF Consulting Acquires Synergy, Inc.
Acquisition Enhances ICF Consulting’s Defense and IT Service Offerings
Washington, DC, February 1, 2005 -
ICF Consulting, a leading management, technology, and policy consulting firm, announced today that it has acquired Synergy, Inc., a Washington, D.C., based consulting firm that provides high-end strategic planning, analysis, and information technology services in defense operations, command & control, and logistics. This acquisition enhances ICF Consulting’s ability to serve U.S. Department of Defense (U.S. DOD) and other clients with expanded mission-critical analytical and technology-based solutions.
"Synergy and ICF Consulting have similar traditions of quality analytics, superior customer focus, and innovative solutions," says Sudhakar Kesavan, ICF Consulting Chairman and CEO. "This allows us to combine our strengths in information technology, homeland security, and human capital management with Synergy's topflight capabilities in defense and information technology. ICF Consulting’s decision to purchase Synergy reflects our continued commitment to growth and service enhancements across all federal agencies by combining the best professionals, analytics, and institutional knowledge."
The acquisition of Synergy will add more than 200 new employees and contribute more than $25 million to ICF Consulting’s government revenue. Synergy provides high-end services to the U.S. DOD and other federal and state agencies in four areas: logistics and weapons system analysis; command & control and operations; technology services and solutions; and information systems integration. Synergy will continue to offer its existing services as an ICF Consulting company. In addition, Synergy's and ICF Consulting's collective expertise will enhance defense, civilian, and commercial applications across the combined 1,200-person firm.
'While our client bases are highly complementary, both firms share a deep commitment to partnering with our clients to fulfill their missions, using leading analytical techniques and technology solutions," says Donald Zimmerman, former Synergy CEO, who will lead Synergy's efforts within ICF Consulting. "I am confident that joining with ICF Consulting will allow us to expand our delivery of effective and innovative solutions to our clients, while providing enhanced opportunities to our employees."
Synergy Chairman and Founder Dr. Terrence Colvin says, "Synergy has served clients for more than 35 years, and our employees pride themselves in offering the best, forward-thinking solutions. I am delighted that Synergy clients found a home at a firm known for its analytical rigor."
Legg Mason Wood Walker, Incorporated, acted as financial advisor to Synergy, Inc., in this transaction.
About ICF International
ICF International (Nasdaq: ICFI) partners with government and commercial clients to deliver consulting services and technology solutions in the energy, environment, transportation, social programs, defense, and homeland security 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 analysis and design through implementation and improvement. Since 1969, ICF has been serving government at all levels, major corporations, and multilateral institutions. More than 1,800 employees serve these clients worldwide. ICF’s Web site is http://www.icfi.com.