Engility Holdings, Inc. disclosed the sale of the Company's international development services business, International Resources Group Ltd. (IRG) to RTI International. IRG is one of the largest contractors supporting the U.S. Agency for International Development (USAID) providing specialized services and solutions in developing nations around the world. The McLean Group's Aerospace, Defense & Government Services (ADG) practice served as the exclusive transaction advisor to Engility.
This acquisition combines RTI's and IRG's respective areas of expertise and enhances RTI's international development work and footprint in food security and agriculture, energy, water, natural resources management, climate resilience, and conflict. IRG also brings new capabilities to RTI in USAID management and technical training and disaster preparedness.
An independent, nonprofit institute with expertise spanning more than 250 scientific disciplines, RTI's current international development portfolio includes projects designed to improve outcomes in food security and agriculture, global health, governance, international education, and workforce and economic opportunity. RTI's team of more than 4,700 works in more than 75 countries, tackles hundreds of projects each year to address complex social and scientific challenges on behalf of governments, businesses, foundations, universities, and other clients and partners.
IRG will operate as an independent subsidiary of RTI for a period of time in order to facilitate an orderly transition that allows both companies to continue to deliver excellent programs to their clients.
About The McLean Group
The McLean Group is a leading investment bank that provides objective strategic and financial advice on mergers and acquisitions, debt and equity recapitalizations, ESOPs and business valuations. The firm's Aerospace, Defense and Government Services (ADG) team is one of the largest dedicated groups in the country and has deep transactional expertise in nearly every segment of the government market. Continuing its track record as a leading advisor to middle market companies in the ADG industry, The McLean Group and its principals have closed 67 transactions since 2010, including 13 in the past 13 months. The firm's transaction advisory and valuation services reflect comprehensive industry knowledge, extensive transactional successes, commitment to providing senior-level attention to every client engagement, and real-time understanding of industry-specific valuation drivers.
