ICF Acquires SemanticBits

June 8, 2022

ICF (NASDAQ: ICFI) entered into a definitive agreement to acquire SemanticBits for $220 million, a transaction financed through ICF's existing credit facility and expected to close in mid-July 2022. SemanticBits, a Herndon, Virginia–based health IT and digital modernization services provider with about $135 million in 2022 revenue (approximately $115 million recurring in 2023) and a team of ~450, will expand ICF's federal health capabilities and addressable market including CMS.

Buyers
ICF
Targets
SemanticBits
Industry
IT Services
Location
Virginia, United States
Transaction Type
Buyout

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.