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ICF International to acquire Ironworks Consulting

ICF International, a provider of consulting services and technology solutions to government and commercial clients, has agreed to purchase Innsbrook-based Ironworks Consulting, LLC for the cash purchase price of $100 million, officials with ICF announced today.

“This transaction is emblematic of ICF’s strategy – to continuously expand our range of implementation service offerings in our markets,” said ICF International Chairman and CEO Sudhakar Kesavan. “Ironworks is an excellent strategic fit for ICF, adding complementary capabilities and clients across several of our key markets. With its record of sustained growth and deep client relationships in similar verticals, it strengthens our position in the fast-growing interactive digital services space.”

Ironworks is an interactive web development firm that provides customer engagement solutions across web, mobile and social media platforms to blue chip companies in the health, energy and financial services industries, as well as to U.S. federal government agencies and nonprofit organizations.

Ironworks is expected to report revenues of $57 million for 2011 and an operating income margin of more than 20 percent.

The purchase will be funded through ICF’s existing bank credit line.

Ironworks, founded in 2001, offers integrated customer-facing applications, including interactive, portal and content management solutions and business and IT alignment services to a number of of Fortune 500 companies and government agencies.

Commercial business is expected to account for approximately 65 percent of Ironworks’ 2011 revenues, representing its work for companies in the health; energy; nonprofit; financial services; and manufacturing, retail, and distribution markets. In the government arena, Ironworks’s clients include Centers for Disease Control and Prevention, Department of Veterans Affairs, and National Science Foundation, among others.

“We are pleased to be joining ICF, which we see as an excellent platform to support our future growth,” said Ironworks Chief Executive Officer Scott Walker. “Our priority markets, emphasis on long-term client relationships, and ‘go-to-market’ strategies are consistent, and both of our firms have entrepreneurial cultures that value collaborative work environments.”


Community

Short Pump Ruritan Club donates $50k to Virginia War Memorial

The Short Pump Ruritan/Civic Association Foundation, Inc. recently presented a check for $50,000 to the Virginia War Memorial Educational Foundation. The donation will be used to finance the production of a new film about the Vietnam War as part of the War Memorial’s award-winning Virginians at War film series. > Read more.

Vintage Home Market set for June 15-16

A longtime Lakeside business owner and his partner are bringing "The Vintage Home Market" to the Richmond International Raceway Complex June 15-16.

Tony Turner has operated a business on Lakeside Avenue for nearly 20 years, beginning with Huckleberries Home & Garden for 10 years in The Hub Shopping Center and followed by Feathernesters across the street in the Lakeside Town Center. > Read more.

Fan Care offers heat relief to seniors

Qualifying senior citizens can receive free relief from summer heat through the 23rd annual Fan Care program, which provides fans and cooling assistance to seniors 60 and older in need.

The program is an initiative of Senior Connections, The Capital Area Agency on Aging for seniors who meet income eligibility requirements and have a situation that threatens their health. > Read more.

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Entertainment

A community ‘Kaffeehaus’ in Henrico’s Far West End

Born and raised in good old Europe, I am quite familiar with the traditional Austro-Hungarian tradition of the Kaffeehaus, an institution that represents a lifestyle of relaxing and thinking in a familiar environment with coffee, pastry, news, good service, marble tables, subdued sounds like the click-clack of the coffee machine, mugs and plates, conversations among patrons and with staff and a bit of low volume Johann Strauss music.

And so it was a thrill to find a modern version of a Kaffeehaus right here in Henrico County: The Daily Grind, near Short Pump Town Center. > Read more.

Oklahoma tornado victims to benefit from Innsbrook concert

The Innsbrook Foundation will present a special concert June 19 at the Innsbrook Snagajob Pavilion to raise funds benefiting the victims of the Moore and Shawnee communities of Oklahoma.

The Innsbrook After Hours RVA Cares event will feature five bands and a family festival in recognition of the many families devastated by the Oklahoma tornadoes on May 20, which killed 23 people, injured 377 others, and left destroyed and damaged homes affecting 33,000 residents. > Read more.

Food trucks arrive in the West End

West End residents no longer have to pick between fighting the summer mall crowds for a quick bite or breaking the bank to eat at a fine-dining spot because one Richmond group is bringing both to them.

RVA Street Foodies, the organization behind the outdoor food truck courts at the Virginia Historical Society and Hardywood Brewery, debuted its new Henrico food truck court at All Saints Episcopal Church on River Road May 22. > Read more.

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