Quick Take
ICF (ICFI) has announced the proposed acquisition of Incentive Technology Group for $255 million.
ITG has developed a cloud services IT consulting business for agencies of the U.S. federal government.
With the deal, ICFI is moving into a more IT-focused posture, which when combined with strong federal IT modernization trends bodes well for the stock. I'm BULLISH on ICFI at its current level, but for a minimum time frame of 12-18 months for the integration and build-out to bear fruit.
Target Company
Arlington, Virginia-based ITG was founded to provide a wide range of