ICON - M&A Summary and Business Overview

Life ScienceCompany

ICON M&A Summary

ICON has acquired 32 companies, including 6 in the last 5 years. A total of 7 acquisitions came from private equity firms. It has also divested 1 asset.

ICON’s largest acquisition to date was in 2021, when it acquired PRA Health Sciences for $12.0B. ICON has acquired in 11 different US states, and 5 countries. The Company’s most targeted sectors include life science (56%) and healthcare services (14%).

ICON Business Overview

Where is ICON headquartered?

ICON is headquartered in Dublin, Ireland.

What is ICON’s revenue?

ICON disclosed revenue of 5,481M USD for 2020 and 2,797M USD for 2020.

How many employees does ICON have?

ICON has 38,330 employees.

What sector is ICON in?

ICON is a life science company.

When was ICON founded?

ICON was founded in 1990.

M&A Summary

  • M&A Total Activity30
    • M&A Buy Activity29
    • M&A Sell Activity1
  • Total Sectors Invested 6
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 10
  • M&A Advisors 3

ICON

ICON plc

South County Business Park, Leopardstown,
Dublin, 18
Ireland,
+353 (1) 291 2000
www.iconplc.com

ICON is a global provider of outsourced development services to the pharmaceutical, biotechnology and medical device industries. The company specialises in the strategic development, management and analysis of programs that support clinical development – from compound selection to Phase I-IV clinical studies. ICON was founded in 1990 and is based in Dublin, Ireland.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 27 1 1 - - - 29
vol $347M $12.0B $12.3B
Sell (0.2/yr) # - - - 1 - - 1
  30

Most Recent M&A

Company Date Value Type
ICON - ADDPLAN Software 2022-03-01 - Divestiture
Dublin, Ireland
PRA Health Sciences, Inc. 2021-02-24 12.0B USD Add-on Acquisition
Raleigh, North Carolina · www.prahs.com
MedPass International 2020-02-19 - Add-on Acquisition
Paris, France · www.medpass.org
Clinical Resource Network LLC (Symphony Clinical Research) 2019-10-23 - Add-on Acquisition
Vernon Hills, Illinois · www.symphonyclinicalresearch.com
MeDiNova Research 2019-05-23 - Add-on Acquisition
Coventry, United Kingdom · www.medinovaresearch.com
MolecularMD Corp. 2019-02-21 - Add-on Acquisition
Portland, Oregon · www.molecularmd.com
Mapi Group 2017-07-27 - Add-on Acquisition
Lyon, France · www.mapigroup.com
Clinical Research Management, Inc. 2016-06-30 - Add-on Acquisition
Agawam, Massachusetts · www.clinicalresearchmgt.com
PMG Research, Inc. 2015-12-07 - Add-on Acquisition
Winston-Salem, North Carolina · www.pmg-research.com
MediMedia Pharma Solutions 2015-02-02 120M USD Divestiture
Yardley, Pennsylvania
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
ICON Contracting Solutions, Inc.    - Cross Country Clinical Trial Services Division 2013-02-04 2
New York, New York , United States

M&A by Sector

Sector Buy # Value Sell # Value
Life Science 16 (55%) 12.2B (99%) - -
Healthcare Services 4 (14%) 12M (< 1%) - -
Business Services 3 (10%) 6M (< 1%) - -
Medical Products 3 (10%) - - -
Information Technology 2 (7%) - - -
Media 1 (3%) 120M (1%) - -
Software - - 1 (100%) -
Total 29 $12.3B 1 -

By Geo

State/Country Buy Value Sell Value
United States 18 12.3B - -
  New York 4 39M - -
  Pennsylvania 3 120M - -
  North Carolina 2 12.0B - -
  Illinois 2 - - -
  Oregon 1 - - -
  Massachusetts 1 - - -
  Maryland 1 11M - -
  California 1 - - -
  Virginia 1 144M - -
  Texas 1 12M - -
United Kingdom 7 21M - -
France 2 - - -
Ireland 1 - 1 -
China 1 - - -
Domestic 1 (3%) - 1 (100%) -
Cross-border 28 (97%) 12.3B (100%) - -
Total 29 $12.3B 1 -

Top M&A Advisors

Financial Deals
Centerview Partners
1
Citigroup Investment Banking
1
Legal Deals
Cahill Gordon & Reindel
1

Deal Values

buy # Total
> $1B 1 $12.0B
$100M to $1B 2 $264M
< $100M 6 $83M
TOTAL $12.3B
Largest PRA Health Sciences, Inc.
$12.0B (2021-02-24)

M&A Connections

Deals
Acquired from
Investor(s)
14%
4 (14%)
Strategic(s)
7%
2 (7%)
Divested to
Strategic(s)
100%
1 (100%)

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