|
Firm Recognized for Strategic Acquisition of Jones & Stokes
Fairfax, Virginia,
February 2, 2009 - For the third straight year, ICF International (NASDAQ:ICFI) was recognized by Environmental Business Journal (EBJ) with a Business Achievement Award. ICF won a 2008 Silver Medal in the Mergers & Acquisitions – Mid-sized Deals category for its acquisition of Jones & Stokes, a 400-person integrated planning and resource management firm specializing in transportation, energy, water, and natural resources issues.
Established in 1970, Jones & Stokes supports a broad mix of federal, state, and local government and commercial clients on projects involving the planning and implementation of required infrastructure improvements and mandated government programs. The acquisition of Jones & Stokes expands ICF's environmental capabilities and offerings in strategic growth areas and deepens the firm's environmental planning and natural resource management capabilities. With 19 offices in seven states, Jones & Stokes also strengthens ICF's presence in the western U.S.
“ICF and Jones & Stokes together benefit our employees, stockholders, and clients,” stated John Cowdery, ICF senior vice president and former president and CEO of Jones & Stokes. “This acquisition has allowed us to quickly expand our combined markets and geography, and design new initiatives now possible through our united competencies.”
In addition to this year’s award, ICF and Jones & Stokes were independently selected for 2007 EBJ awards. Last year, Jones & Stokes received a Gold Medal for increasing its annual sales by nearly 21 percent, and ICF was acknowledged for its acquisition of Energy and Environmental Analysis, Inc. (EEA) and Simat, Helliesen & Eichner, Inc. (SH&E). ICF also won a 2006 Silver Medal for Business Achievement in the large firms category.
“Our acquisition of Jones & Stokes, EEA, and SH&E, combined with our increased international presence, has positioned ICF International as a preeminent global consultancy in the transportation, aviation, energy, climate change, and environment sectors.” said Sudhakar Kesavan, ICF chairman and CEO. “We are honored to be recognized by the Environmental Business Journal for these strategic acquisitions.”
Environmental Business Journal is the leading business publication for companies operating in the environmental industry. The full list of 2008 EBJ Business Achievement Award winners is published in the January 19, 2009, Executive Review issue of Environmental Business Journal. For details on ICF’s awards, please visit http://www.icfi.com/About_Us/recognitions.asp.
About ICF International
ICF International (NASDAQ: ICFI) partners with government and commercial clients to deliver consulting services and technology solutions in the energy, climate change, environment, transportation, social programs, health, defense, and emergency management 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 3,000 employees serve these clients worldwide. ICF’s Web site is www.icfi.com.
FOR IMMEDIATE RELEASE
Lindsey Litton
1.571.265.1472
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. For ICF, 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 sector 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.
|
