MCLEAN, VA – January 12, 2017 – 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 Defense & Government Services (DGS) 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, LLC is a 25-year-old boutique investment bank and financial services firm focused on the Defense, Government & Intelligence (DGI), Security, Critical Infrastructure, and Maritime markets. Its team of licensed professionals brings deep industry experience and relentless execution to every client engagement. The McLean Group provides solutions that blend financial creativity with operational expertise. Whether they are providing transaction advisory services, valuation opinions, or growth capital, the Firm’s services are unmatched in these core markets. Learn more at www.McLeanLLC.com.
