ICF Makes Offer to Buy UK Consulting Firm, Eyes International Expansion

ICF International Inc. (NYSE: ICFI) has made a cash offer to acquire London-based consulting firm GHK Holdings, ICF announced Monday.

ICF did not disclose the dollar amount and said it expects the acquisition to be earnings neutral in 2012. ICF expects the acquisition to close by the end of the first quarter of fiscal year 2012.

ICF expects GHK to generate nearly $30 million in revenue for calendar year 2011. ICF Chairman and CEO Sudhakar Kesavan said the acquisition is part of the company’s strategy to generate more business in Europe and Asia.

If the deal goes through, Jeanne Townend, an ICF executive vice president, will relocate to London to oversee the company’s Europe and Asia business.

GHK has four offices in Asia and five in Europe. GHK consults government and commercial clients in:

  • environment and health
  • employment, education and training
  • business, economic and international development
  • transportation and social policy

Kesavan said the companies have won one project together and are offering joint proposals on other projects.

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