IBS

What IBS does

IBS Management & Consultancy Services, LLC is a Washington, DC-based minority-owned professional services firm delivering audit and assurance, management consulting and advisory, and transaction advisory services to public-sector and infrastructure clients. Its service portfolio spans financial management and audit readiness (GASB-compliant statements, internal controls, audit remediation), public housing advisory (HUD compliance, Section 8/HCV, receivership management), infrastructure and utility consulting (PPP structuring, rate design, financial modeling for water and energy projects), program and project management support (PMO, grant oversight, independent verification), strategic planning and transformation, and system implementation (Hyperion, Kronos, Oracle ERP). The firm's underlying delivery model is consulting-based with no proprietary technology platform disclosed; engagement work is performed by credentialed practitioners (CPAs, PMPs, former CFOs and Big 4 alumni).

The firm operates exclusively through a direct enterprise field-sales motion targeting federal, state, local, and international government buyers, transacting primarily through pre-approved contracting vehicles including a GSA Professional Services Schedule (GS-00F-327GA, August 14, 2017–August 13, 2027), SBA 8(a) certification (Case 307466, exit April 26, 2026), and 13 MBE/DBE/SLBE/LDBE/CBE certifications across jurisdictions such as MDOT, WMATA, the District of Columbia, New York State, and the Metropolitan Washington Airports Authority. Named clients and engagements include DC Water (13+ years of CFO advisory and financial reporting), WMATA (10+ years of finance operations support), the District of Columbia Housing Finance Agency, Cleveland Water ($115M Clear Reads AMR project reducing estimated bills from 18% to under 1%), Lagos Water Corporation (customer enumeration across 17 service areas covering 1.6M residents), Irvington Housing Authority (federal receivership recovery), and Gambia's Ministry of Petroleum and Energy (6MW wind plant financial advisory).

IBS is privately held with no disclosed parent company, no funding rounds, and no acquisition history; founder/CEO Olu Adebo (former CFO of DC Water) controls strategic direction. Geographic reach spans the United States and Sub-Saharan Africa (Nigeria, Gambia, Botswana, Liberia, South Africa), supported by partnerships with multilateral institutions such as ECOWAS, AfDB, and USAID. Headcount is reported in the 101–250 range, with a leadership team averaging over 20 years of experience. The customer base is anchored entirely in the public sector, with an 89% repeat engagement rate across multi-year clients, while private-sector and non-profit exposure remains a non-primary segment.

Name

IBS

Legal name

IBS Management & Consultancy Services, LLC

Website

https://ibs-mc.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

101–250 employees

Short description

IBS Management & Consultancy Services is a Washington, DC-based professional services firm delivering audit, management consulting, and transaction advisory services to government agencies, public housing authorities, transit and utility operators, and donor-funded projects across the US and Sub-Saharan Africa.

Ownership category

akta.pro rank

Product category

Management Consulting Services

NAICS

Management Consulting Services (54161), Offices of Certified Public Accountants (541211), Other Management Consulting Services (541618)

SIC

Services-Management Consulting Services (8742), Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Financial Reporting & Technical Accounting Advisory (GAAP/IFRS) (BPAHABAF)

Keywords

• Management consulting
• Audit assurance services
• Transaction advisory
• Public sector advisory
• Financial management services

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Professional Services Consulting: Project-based consulting engagements with government agencies, utilities, transit authorities, and international development organizations. Revenue derived from audit and assurance, management consulting, and transaction advisory services delivered through contract vehicles including GSA schedules and direct engagements.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

IBS Management & Consultancy Services is a Washington DC-based certified minority-owned consulting and CPA firm delivering professional services organized into three primary service lines: Audit & Assurance, Management Consulting & Advisory Services, and Transaction Advisory Services. The firm supports public sector agencies, housing authorities, utilities, transit authorities, and international development organizations with financial management, compliance, PPP structuring, and operational transformation engagements. All offerings are professional services delivered by multidisciplinary teams of former CFOs, CPAs, PMPs, and specialists with an average of over 20 years of experience.

Product overview

IBS Management & Consultancy Services is a Washington DC Metropolitan Area-based certified minority-owned consulting and CPA firm offering a comprehensive suite of professional services organized into three primary service lines: Audit & Assurance, Management Consulting & Advisory Services, and Transaction Advisory Services. These service lines are supported by key services including Financial Management & Audit Readiness, Public Housing Advisory, Infrastructure & Utility Consulting, Program & Project Management Support, Strategic Planning & Transformation, and specialized capabilities in Capital Improvement Planning and System Implementation. The firm's offerings are tailored for public sector agencies, housing authorities, utilities, transit authorities, and international development organizations, with expertise spanning financial management, compliance, PPP structuring, and operational transformation. IBS does not offer a software product; all offerings are professional/consulting services delivered by multidisciplinary teams.

Differentiator

Problem solved

Functional benefit

Products and services

• Audit & Assurance Provides audit assurance services evaluating and enhancing internal controls, risk management, and compliance processes for public and private sector clients. Covers financial statement audits, operational audits, IT audits, compliance audits, risk assessments, and internal control reviews.
• Management Consulting & Advisory Services Provides strategy, operations, organizational, financial advisory, and technology consulting to public and private sector clients. Services span corporate strategy, process improvement, change management, budgeting, ERP implementation, and digital transformation.
• Transaction Advisory Services Assists public and private sector clients with high-stakes financial transactions including infrastructure PPPs, project finance, due diligence, M&A support, and strategic divestitures. Covers the full transaction lifecycle from planning through implementation.
• Financial Management & Audit Readiness Helps agencies prepare financial statements, strengthen internal controls, and maintain audit readiness. Includes GASB-compliant financial statement compilation, monthly/year-end close support, internal controls assessment, and audit remediation.
• Public Housing Advisory Supports housing authorities through operational recovery, HUD compliance, and strategic planning. Includes receivership management, operating subsidy optimization, Section 8/HCV/PH compliance, and PIC/EIV/HUD reporting.
• Infrastructure & Utility Consulting Provides transaction advisory and financial modeling for public infrastructure projects across water, energy, and transport sectors. Includes PPP structuring, cost of service and rate design studies, and donor/multilateral coordination.
• Program & Project Management Support Helps agencies meet deadlines, manage risk, and track performance through disciplined PMO approaches. Includes project controls, grant oversight, cost/schedule management, and independent verification and validation.
• Strategic Planning & Transformation Facilitates organizational change through inclusive planning, stakeholder engagement, and measurable transformation roadmaps. Includes strategic plan development, organizational assessments, stakeholder facilitation, and change management.
• Capital Improvement Planning & Financing Assists agencies in prioritizing capital projects, securing funding, and aligning investments with long-term goals for infrastructure and utilities.
• System Implementation Services Supports selection, deployment, and integration of technology systems including financial systems, asset management tools, fare systems, and operational platforms such as Hyperion, Kronos, and Oracle ERP.

Quantifiable outcome

• Reduced estimated bills from 18% to under 1% for Cleveland Water
• +3 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Black & VeatchcoreStrategic or Co-development Partner · 1 January 2008Strategic partnership for infrastructure consulting engagements. IBS, in partnership with Black & Veatch, supported Cleveland Water's $115M Clear Reads AMR (Advanced Meter Reading) project. IBS provided project and contract management, policy development, financial modeling, and quality assurance while Black & Veatch contributed technical engineering expertise.
• GIZminorImplementation/ SI/ Consulting PartnerInternational development partnership. Michael Goddard partnered with GIZ on international infrastructure and utility advisory engagements.
• Engineering FirmscoreImplementation/ SI/ Consulting PartnerIBS collaborates with engineering firms as part of multidisciplinary teams delivering infrastructure advisory and transaction services to public sector clients.
• Legal AdvisorscoreImplementation/ SI/ Consulting PartnerPartnership with legal advisors for transaction structuring, PPP arrangements, and regulatory compliance on public sector engagements.
• Global Development OrganizationscoreStrategic or Co-development PartnerPartnerships with international development organizations including ECOWAS, AfDB (African Development Bank), USAID, and other multilateral institutions for donor-funded infrastructure projects in Africa and emerging markets.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• TFC Consulting: DC-area public-sector financial management and audit advisory firm where IBS Principal Henry Saliu previously served as Principal. Comparability is direct: similar size, federal agency client base, audit-readiness and financial reporting focus.
• Kearney & Company: DC-based CPA firm specializing in federal financial management, audit, and accounting advisory for civilian and DoD agencies. Directly comparable in mission, client base, and service lines to IBS.
• Williams Adley & Company: DC-based accounting and advisory firm focused on federal agencies, providing audit, financial management, and consulting services. Closely matched to IBS in client profile and service mix.
• Attain Partners: Mid-size public-sector consulting firm focused on federal financial management, IT modernization, and grants management. Comparable to IBS in delivering CFO-level advisory and systems implementation to government clients.
• CALIBRE Systems: Mid-size management consulting firm serving federal and defense clients across financial management, training, and program support. Comparable in scale, government focus, and financial-management service mix.

Broad incumbents

• Guidehouse: Large advisory firm with a substantial public-sector practice spanning financial management, audit, and infrastructure advisory. Overlaps with IBS's government audit and management consulting offerings but at much larger scale.
• ICF International: Major public-sector consultancy with infrastructure, energy, and federal advisory practices. Comparable in serving US utilities and federal agencies, though with broader portfolio and much larger scale than IBS.
• Booz Allen Hamilton: Largest dedicated federal contractor with deep public-sector financial management and infrastructure advisory capabilities. Competes with IBS for federal advisory contracts but operates at materially larger scale.
• Deloitte (US Public Sector): Big 4 firm with substantial federal and state/local advisory practices covering audit, financial management, and infrastructure consulting. Competes with IBS for government financial advisory and audit engagements.
• CGI Federal: Federal IT and management consulting subsidiary of CGI, delivering systems integration and advisory to federal civilian agencies. Overlaps with IBS's systems implementation and federal financial management work.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ManagementIbs
• Facebookfacebook.com/IBS-Management-Consultancy-Services-LLC-109351960854651

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IBS