Guidehouse, a Tysons Corner, VA-dependent management consultancy and a portfolio firm of Veritas Cash, has acquired Grant Thornton US’ community sector apply.
The go proceeds Guidehouse’s continual development trajectory. The consultancy’s journey started off in 2018 when Veritas Cash bought the general public sector practice of PwC US. Veritas in 2019 bolted on administration consultancy Navigant to the rebranded Guidehouse, incorporating a important worldwide footprint and capabilities in serving heavily regulated business industries.
In 2021, Guidehouse extra IT consultancy Dovel, growing its wellness technological innovation capabilities. Guidehouse at the moment has the second-largest health care consulting observe in the US.
The consultancy has additional than 13,000 industry experts in 50+ locations globally delivering a range of advisory, consulting, outsourcing, and digital services.
“This transaction aligns to our approach to increase abilities and abilities in aid of our clients’ most urgent difficulties,” explained Scott McIntyre, CEO of Guidehouse. “With this strategic combination, we foresee going through options for the two major progress and improvement for our colleagues.”
Grant Thornton’s community sector exercise has far more than 480 staff members in the Washington, DC area and in other US metropolitan areas, according to LinkedIn. The exercise gives federal, point out, and nearby governments with alternatives in finance, human-funds management, data technology, details analytics, and performance management.
The follow previous year won a $350-million consulting agreement with the TSA.
“The divestiture of our General public Sector Advisory exercise is effectively-aligned with our method and will improve our value to customers by sharpening the firm’s concentration on our integrated offerings across Audit, Tax, and Advisory solutions, in which we see significant growth chances,” claimed Seth Siegel, CEO at Grant Thornton. “Additionally, we will further more enhance our capital position, reinforce the firm’s excellent-concentrated marketplace place, and make powerful options for our colleagues.”
The transaction, for which monetary terms were being not disclosed, is predicted to close in the second fifty percent of 2022. Legislation corporations Milbank and Covington & Burling are acting as authorized counsel to Guidehouse and Veritas Funds. Deutsche Lender Securities is performing as special economic advisor to Grant Thornton and legislation firms Morrison & Foerster and Akerman are acting as lawful counsel.
“We are enthusiastic to keep on to aid the Guidehouse team as the organization welcomes the Grant Thornton General public Sector Advisory group, driving development and offering critical capabilities to clients jointly,” claimed Ramzi Musallam, CEO and handling companion of Veritas.
Primarily based in New York, Veritas invests in organizations running at the intersection of technology and governing administration. The agency past year bought federal government products and services firm Perspecta for $7.1 billion and Northrop Grumman’s federal IT and mission guidance company for $3.4 billion.