Item 2.01 Completion of Acquisition or Disposition of Assets

On January 31, 2020, ICF International, Inc. (the "Company") completed the previously announced purchase transaction, contemplated in the Equity Purchase Agreement dated January 13, 2020 (the "Purchase Agreement") by and among ICF Incorporated, L.L.C. ("Purchaser"), Incentive Technology Group, LLC, a Virginia limited liability company ("ITG"), Project Lucky Holdings, LLC, a Delaware limited liability company and parent company of ITG ("Lucky"), and Shadi Michelle Branch and Adam Branch ("Equity Holders"). By the terms of the Purchase Agreement, Purchaser acquired 100% of the membership interests in ITG (the "Acquisition"), which became a wholly-owned subsidiary of Purchaser and an indirect subsidiary of the Company. The Company paid a base purchase price of US$255 million (the "Purchase Price") in cash payable to Lucky, which was then distributed to the Equity Holders (subject to adjustment as provided in and otherwise in accordance with the Purchase Agreement). The Purchase Price is funded through the Company's existing bank credit facility.

The foregoing description of the Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the Purchase Agreement, which was filed as an exhibit by an amendment to the Current Report on Form 8-K filed with the Securities and Exchange Commission on January 14, 2020.

Cautionary Note Regarding the Purchase Agreement

The Purchase Agreement will provide investors and security holders with information regarding its terms and conditions and is not intended to provide any factual information about the Company or Lucky. In particular, the assertions embodied in the representations and warranties contained in the Purchase Agreement are qualified by information in confidential disclosure schedules that the parties have exchanged in connection with the signing of the Purchase Agreement. Moreover, certain representations and warranties in the Purchase Agreement were used for the purpose of allocating risk, rather than establishing matters as facts. Accordingly, investors and security holders should not rely on the representations and warranties in the Purchase Agreement as characterizations of the actual state of facts, since they were made only as of the date of the Purchase Agreement and are modified in important part by the underlying confidential disclosure schedules. In addition, the representations and warranties, covenants and other terms of the Purchase Agreement may be subject to subsequent waiver or modification. Moreover, information concerning the subject matter of the representations and warranties, covenants and other terms may change after the date of the Purchase Agreement, which subsequent information may or may not be fully reflected in the Company's public disclosures.





Cautionary Statements

This filing and the exhibit attached hereto contain forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of the Company and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including the expected benefits and costs of the Acquisition.




Item 8.01 Other Events

On January 31, 2020, the Company issued a press release announcing the Acquisition. A copy of the press release is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits

(a) Financial statements of businesses acquired

As permitted by Item 9.01(a)(4) of Form 8-K, the Company will, if required, file the financial statements required by Item 9.01(a)(1) of Form 8-K pursuant to an amendment to this Current Report on Form 8-K not later than seventy-one (71) calendar days after the date this Form 8-K must be filed.

(b) Pro form financial statements

As permitted by Item 9.01(b)(2) of Form 8-K, the Company will, if required, file the financial information required by Item 9.01(b)(1) of Form 8-K pursuant to an amendment to this Current Report on Form 8-K not later than seventy-one (71) calendar days after the date this Form 8-K must be filed.

(c) Shell company transactions






Not applicable.





(d) Exhibits




99.1   Press Release dated January 31, 2020
104  Cover Page Interactive Data File (embedded within the Inline XBRL document)

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