ICF International

#4748

Rank

$1.6B

Marketcap

United States

Country

Leadership team

Mr. John M. Wasson (Chairman & CEO)

Mr. James C. Morgan (Exec. VP & COO)

Mr. Sergio Ostria (Exec. VP of Client Services & Innovation)

Products/ Services

Professional Services

Number of Employees

1,000 - 20,000

Headquarters

Fairfax, Virginia, United States

Established

1969

Company Registration

SEC CIK number: 0001362004

Net Income

100M - 500M

Revenue

Above - 1B

Traded as

ICFI

Social Media

URL

https://www.icf.com

Overview

Location

Recognition and Award

References

Summary

ICF International, Inc. provides management, marketing, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. It researches critical policy, industry, stakeholder issues, trends, and behaviors; measures and evaluates results and their impact; and provides strategic planning and advisory services to its clients on how to navigate societal, market, business, communication, and technology challenges. The company also identifies, defines, and implements policies, plans, programs, and business tools through a range of standard and customized methodologies for its clients; conducts survey research; collects and analyzes various data to understand critical issues and options for its clients; and provides actionable business intelligence, as well as information and data management solutions that allow integrated and purpose-driven data usage. In addition, it provides solutions to optimize the customer and citizen experience; modernizes IT systems; and cyber security solutions that support the range of cyber security missions and protect IT infrastructures in the face of relentless threats, as well as designs, develops, and implements technology systems and business tools that are principal to its clients' mission or business performance. Further, the company informs and engages its clients' constituents, customers, and employees through public relations, branding and marketing, multichannel and strategic communications, and reputation issues management. It serves energy, environment, and infrastructure; health, education, and social programs; safety and security; and consumer and financial markets. The company was formerly known as ICF Consulting Group Holdings, LLC and changed its name to ICF International, Inc. in 2006. ICF International, Inc. was founded in 1969 and is headquartered in Fairfax, Virginia.

History

1969–2006: Early history

ICF was founded in 1969 as the Inner City Fund. Its first president was Clarence D. Lester, a Tuskegee Airman, who was joined by three U.S. Department of Defense analysts. As a venture capital firm, Inner City Fund sought to finance and help minority-owned businesses win government contracts.The company reorganized as a consulting firm and renamed itself ICF Incorporated. The firm transitioned from venture capital to consulting on energy issues for U.S. federal agencies, which was the company's main focus throughout the 1970s and into the 1980s.ICF acquired Kaiser Engineering in 1988 and went public in 1989. The combined company became known as ICF Kaiser. Under this banner, the company worked in consulting, engineering and construction services. ICF and Kaiser split in 1999 when an investment group bought the consulting business for about $70 million.In 2006, the consultancy was renamed ICF International and in September that year, the company went public, trading on the NASDAQ as ICFI. The company received criticism of its management of the Road Home program in the aftermath of Hurricane Katrina. In an article in The Washington Post, the company said it had addressed problems raised in those criticisms, and that state and federal fraud-prevention rules were in flux and made the grants administration process more time-consuming. The company later supported the Hurricane Sandy relief efforts for the State of New Jersey.

2007–present: Expansion of commercial work

Beginning in the 2000s, ICF grew in size and scope through a series of acquisitions. These acquisitions expanded the services offered by ICF and moved the company more into the commercial space. In 2007, federal, state and local government contracts generated 92 percent of company revenues. Commercial work, which accounted for 6 percent of revenues in 2007, grew to 20 percent of revenues by 2011. By the end of 2016, commercial work accounted for 35 percent of revenues.In 2012, the company expanded its international business by acquiring London-based GHK Holding Limited, a consulting agency working with government and commercial clients. In 2014, it expanded its European presence with the acquisition of Belgian communications firm Mostra S.A. Through GHK and ICF Mostra, the company has worked with the European Commission.In 2014, ICF acquired advertising agency Olson for $295 million. The company's work includes campaigns for Belize; Skittles, whose "Marshawn Lynch’s Skittles Press Conference" was named PRWeek's Product Brand Development Campaign of the Year in 2016; and Puppy Bowl sponsor Bissell. In 2016, ICF created ICF Olson, a public relations and marketing division. In addition to Olson, the new division absorbed other ICF acquisitions, including digital service firm Ironworks and engagement house CityTech.ICF International rebranded as ICF in 2016.In 2017, PRWeek reported that ICF/ICF Olson had experienced high growth in its public relations and digital business.

2019 - ICF NEXT

In 2019, ICF launched subsidiary ICF NEXT, led by John Armstrong, who had previously co-founded IBM's Interactive Experience internal agency.

Mission

To use our ingenuity, creativity, and diverse perspectives to solve our clients' toughest challenges.

Vision

We will expand our reach, offerings and influence. This will provide meaningful opportunities for our people. We will remain a vibrant and growing enterprise.

Key Team

Mr. Mark Rodney Lee Jr. (Exec. VP of Public Sector)

Ms. Bettina Garcia Welsh CPA (Advisor)

Mr. Barry M. Broadus (Sr. VP, Interim Principal Accounting Officer & CFO)

Mr. Matthew Maurer (Sr. VP & Chief Marketing Officer)

Mr. John M. George (Chief Information Officer & Sr. VP)

Mr. Eugene Costa (Exec. VP of Admin.)

Mr. James E. Daniel III (Exec. VP, Gen. Counsel & Corp. Sec.)

Recognition and Awards

ICF has been recognized by Fortune Magazine as one of the “World’s Most Admired Companies.” We’ve also been recognized with numerous industry awards from the Public Relations Society of America, PR News, the Association of Fundraising Professionals, the Healthcare Public Relations and Marketing Association and the International Association of Business Communicators.