Innsbrook company targeted in $100M deal

A Northern Virginia firm is planning to write a huge check to get its hands on a local web company.

Fairfax-based ICF International said late Monday that it would pay $100 million to acquire Ironworks Consulting, a 10-year-old company headquartered in Innsbrook.

The two companies have entered into an agreement for the deal, but no timetable for the deal was announced.

Ironworks is a web development company that serves the health, energy and financial services industries, as well as government agencies and nonprofits.

Ironworks, according to a joint release from the companies, is expected to bring in $57 million in revenue for 2011. The company also has offices in Tysons Corner, Minneapolis, Raleigh and Charlotte.

ICF, which is publicly traded, had revenue of $218.7 million in the third quarter.

Stay tuned to BizSense for more on this deal.

A Northern Virginia firm is planning to write a huge check to get its hands on a local web company.

Fairfax-based ICF International said late Monday that it would pay $100 million to acquire Ironworks Consulting, a 10-year-old company headquartered in Innsbrook.

The two companies have entered into an agreement for the deal, but no timetable for the deal was announced.

Ironworks is a web development company that serves the health, energy and financial services industries, as well as government agencies and nonprofits.

Ironworks, according to a joint release from the companies, is expected to bring in $57 million in revenue for 2011. The company also has offices in Tysons Corner, Minneapolis, Raleigh and Charlotte.

ICF, which is publicly traded, had revenue of $218.7 million in the third quarter.

Stay tuned to BizSense for more on this deal.

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Jennifer Whitlock
Jennifer Whitlock
10 years ago

Karen Booth Adams’ golden touch strikes again! Congrats to her and her team for another big success.

Kent Allen
Kent Allen
10 years ago

Congrats to the IW team. Roughly 10 years in business = $100m