Consultant ICF International sees opportunity in government spending. The firm advises government entities and businesses on issues related to health, human services, and social programs, as well as defense and homeland security, energy and climate change, and the environment. The company groups its consulting and information technology services into three main categories: advice, implementation, and evaluation and improvement. ICF International has more than 50 offices in Beijing, London, Moscow, New Delhi, Rio de Janeiro, Toronto, and the US.
ICF International hopes to grow by selling more services to existing clients and by moving into markets related to education, social and criminal justice, and veterans' affairs programs. In addition, it will pursue higher-margin projects in areas related to air transportation, climate change, and energy efficiency for commercial as well as government clients.
Working to achieve these goals, ICF has been looking to acquisitions. Right out of the gate, in early 2012, it purchased Ironworks Consulting, a Web development firm that offers customer management technology spanning the Internet and mobile and social media platforms. The deal, worth around $100 million, not only enhanced ICF's expertise in the all important digital sector, but it extended the reach of its commercial business, fortified its expertise in the energy sector, and opened the door to the commercial health market.
ICF previously extended its expertise in the North American energy sector in early 2011 when it obtained Marbek Resource Consultants, an energy and environmental consulting firm based in Canada. – less