in ,

ITG Sells for $255M, Baird Advises on Deal; John Song Comments

ITG Sells for $255M, Baird Advises on Deal; John Song Comments - top government contractors - best government contracting event
John Song
John Song

Incentive Technology Group has agreed to be acquired by ICF for approximately $255M.

The transaction is expected to close within the first quarter of this year and is part of ICF’s move to expand its information technology modernization support services in the U.S. federal market.

Financial services company Baird advised ITG on the deal.

“ITG has really emerged as a leader in platform-enabled, digital transformation. The combination with ICF makes a lot of strategic sense. There is tremendous commonality in culture and vision,” John Song, a managing director of Baird, told ExecutiveBiz.

Founded in 2010, ITG offers cloud-based platform services, business process engineering, enterprise architecture, Agile systems engineering and other digital services to federal agencies. The Arlington, Va.-based digital consulting firm earned $90M in 2019 revenues and closed the year with a revenue run-rate in excess of $100M.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about M&A Activity

mm

Written by Jane Edwards

is a staff writer at Executive Mosaic, where she writes for ExecutiveBiz about IT modernization, cybersecurity, space procurement and industry leaders’ perspectives on government technology trends.

CGI Federal Vet David Collignon Named COO, Chief Growth Officer at Health IT Firm Cormac - top government contractors - best government contracting event
CGI Federal Vet David Collignon Named COO, Chief Growth Officer at Health IT Firm Cormac
Blackstone Technology Group Receives Spot on $265M DHS BPA for IT Services - top government contractors - best government contracting event
Blackstone Technology Group Receives Spot on $265M DHS BPA for IT Services