WASHINGTON & CHICAGO–(BUSINESS WIRE)–Guidehouse and Grant Thornton LLP immediately introduced they’ve signed a definitive settlement underneath which Guidehouse, a portfolio firm of Veritas Capital, will purchase Grant Thornton’s Public Sector Advisory follow.
The transaction provides a proficient roster of pros in Washington, D.C., and different U.S. cities to Guidehouse. These professionals possess in depth expertise offering federal, state and native governments with options in areas that embrace finance, human-capital administration, info expertise, knowledge analytics and efficiency administration.
“We’re excited to welcome our new colleagues to Guidehouse, constructing on the power of our mannequin, continued innovation, and driving the perfect outcomes for our purchasers,” mentioned Scott McIntyre, CEO of Guidehouse. “This transaction aligns to our technique to develop experience and capabilities in help of our purchasers’ most urgent challenges. With this strategic mixture, we anticipate experiencing alternatives for each vital progress and development for our colleagues.”
“Grant Thornton continues to speed up its progress by delivering the best high quality options and a peerless expertise to our purchasers,” mentioned Seth Siegel, CEO at Grant Thornton. “The divestiture of our Public Sector Advisory follow is well-aligned with our technique and can improve our price to purchasers by sharpening the agency’s give attention to our built-in choices throughout Audit, Tax and Advisory companies, the place we see vital progress alternatives. Moreover, we are going to additional improve our capital place, strengthen the agency’s quality-focused market place and create compelling alternatives for our colleagues.”
“This transaction can be a testomony to the numerous accomplishments and stellar popularity of our Public Sector Advisory follow,” Siegel continued. “Our Public Sector Advisory colleagues are well-positioned for continued success as a part of a administration consultancy with a really robust presence within the authorities sector ― one which they know nicely and that may supply thrilling alternatives for skilled progress.”
“Grant Thornton’s Public Sector Advisory follow has a powerful monitor file of progress, serving as a precious accomplice to deal with the crucial wants of its purchasers. This transaction creates a agency even higher positioned to serve purchasers and drive lasting worth for all stakeholders,” mentioned Ramzi Musallam, Chief Government Officer and Managing Companion of Veritas. “We’re excited to proceed to help the Guidehouse crew because the agency welcomes the Grant Thornton Public Sector Advisory crew, driving progress and delivering crucial capabilities to purchasers collectively.”
The transaction is predicted to shut within the second half of 2022. Monetary phrases of the transaction weren’t disclosed.
Milbank LLP and Covington & Burling LLP are appearing as authorized counsel to Guidehouse and Veritas Capital. Deutsche Financial institution Securities is appearing as unique monetary advisor to Grant Thornton, and Morrison & Foerster LLP and Akerman LLP are appearing as authorized counsel.
About Guidehouse Inc.
Guidehouse is a number one international supplier of consulting companies to the general public sector and business markets, with broad capabilities in administration, expertise, and danger consulting. By combining our private and non-private sector experience, we assist purchasers deal with their most advanced challenges and navigate vital regulatory pressures specializing in transformational change, enterprise resiliency, and technology-driven innovation. Throughout a spread of advisory, consulting, outsourcing, and digital companies, we create scalable, revolutionary options that assist our purchasers outwit complexity and place them for future progress and success. The corporate has greater than 13,000 professionals in over 50 places globally. Guidehouse is a Veritas Capital portfolio firm, led by seasoned professionals with confirmed and numerous experience in conventional and rising applied sciences, markets, and agenda-setting points driving nationwide and international economies. For extra info, please go to guidehouse.com.
About Veritas Capital
Veritas is a longstanding expertise investor with a give attention to corporations working on the intersection of expertise and authorities. The agency invests in corporations that present crucial merchandise, software program, and companies, primarily expertise and technology-enabled options, to authorities and business prospects worldwide. Veritas seeks to create worth by strategically reworking the businesses during which it invests by way of natural and inorganic means.
Leveraging expertise to make a constructive affect throughout vitally essential areas, corresponding to healthcare, schooling, and nationwide safety, is core to Veritas. We’re proud stewards of nationwide belongings, bettering the standard of healthcare whereas decreasing value, advancing our instructional system, and defending our nation and allies. For extra info, go to www.veritascapital.com.
About Grant Thornton Public Sector Advisory
Grant Thornton Public Sector Advisory helps executives and managers in any respect ranges of presidency maximize their efficiency and effectivity within the face of restricted sources and elevated demand for companies. Grant Thornton Public Sector Advisory’s dedication to public sector success is burnished by a well known physique of thought management analyzing and recommending options to authorities’s biggest challenges. Based mostly within the Washington, D.C., metropolitan space and with a presence in additional than 35 cities across the nation, Grant Thornton Public Sector Advisory serves federal, state and native governments.
About Grant Thornton LLP
Grant Thornton LLP (Grant Thornton) is one in all America’s largest audit, tax and advisory companies — and the U.S. member agency of the Grant Thornton Worldwide Ltd international community. We transcend the anticipated to make enterprise extra private and construct belief into each outcome. With revenues of $1.97 billion for the fiscal yr ended July 31, 2021 and 51 places of work nationwide, Grant Thornton is a neighborhood of greater than 9,000 downside solvers who worth relationships and are prepared to assist organizations of all sizes and industries create extra assured futures. As a result of, for us, how we serve issues as a lot as what we do.