December 1, 2009 (FinancialWire) — ICF International, Inc. (NASDAQ: ICFI), a provider of consulting services and technology solutions to government and commercial clients, said it has launched an underwritten public offering of 3.1 million of its shares of common stock.

William Blair & Co. and Stifel, Nicolaus (NYSE: SF) will serve as joint bookrunners.

The company is also granting to the underwriters a 30-day option to purchase up to an additional 465,000 shares of common stock from the company to cover over-allotments.

ICF plans to use the net proceeds from the offering for future growth, including possible acquisitions. The company will do this by applying the net proceeds it receives to repayment of outstanding borrowings incurred under its revolving credit facility. Such debt repayment will provide the company with debt capacity for growth initiatives.

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