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.

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

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