Press Release
January 24, 2020

Holland & Knight Advises Incentive Technology Group in $255 Million Sale to ICF

Tysons, Va. (January 24, 2020)  Holland & Knight advised Incentive Technology Group, LLC, one of the leading and fastest growing providers of cloud-based services to the U.S. federal government, in its $225 million sale to ICF (NASDAQ:ICFI). The deal was announced on January 13 and is expected to close in the first quarter of this year.

Arlington, Virginia-based ITG has nearly 350 employees and its federal client base includes the departments of State, Health and Human Services, Homeland Security and State.

Based in Fairfax, Virginia, ICF is a global consulting and technology provider with more than 7,000 employees. The deal with ITG represents one of ICF’s largest deals as a public company since 2006.

Partner Adam August represented ITG in the deal. He was assisted by Partner Ashley Plemons and Associate Simone Summers.

More information about the transaction can be found here.

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