The new year has only just begun, but already 2017 has produced a blockbuster sale among U.S. aid implementers.
On Monday RTI International, a nonprofit development group based in North Carolina, announced its acquisition of IRG, formerly the international development branch of Engility Holdings, a major U.S. government contractor. The value of the deal was not disclosed.
Devex spoke with RTI President and CEO Wayne Holden about how the sale came together, why it made sense for the nonprofit he leads to acquire a large, for-profit competitor, and what the acquisition could mean for RTI’s work in countries around the world.
Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).
About the author
Michael Igoe@AlterIgoe
Michael Igoe is a Senior Reporter with Devex, based in Washington, D.C. He covers U.S. foreign aid, global health, climate change, and development finance. Prior to joining Devex, Michael researched water management and climate change adaptation in post-Soviet Central Asia, where he also wrote for EurasiaNet. Michael earned his bachelor's degree from Bowdoin College, where he majored in Russian, and his master’s degree from the University of Montana, where he studied international conservation and development.
