Icf Completes Acquisition Of Creative Systems And Consulting

Jan 03, 2022•over 3 years ago

Acquiring Company

ICF

Acquired Company

Creative Systems

RestonInformation Technology

Description

ICF (NASDAQ: ICFI), a global consulting and digital services provider, announced today that it has completed the acquisition of Creative Systems and Consulting (Creative), a premier provider of IT modernization and digital transformation solutions to U.S. federal agencies. The company announced its intent to acquire Creative last month.

Company Information

Company

ICF

Location

Reston, Virginia, United States

About

ICF is a global consulting and technology services company with approximately 9,000 employees, but we are not your typical consultants. At ICF, business analysts and policy specialists work together with digital strategists, data scientists and creatives. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve their most complex challenges. Since 1969, public and private sector clients have worked with ICF to navigate change and shape the future.

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M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed