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.