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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.

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