Guidehouse, a Veritas Capital portfolio company, has agreed to buy the public sector advisory practice of professional services firm Grant Thornton for an undisclosed sum.
McLean, Virginia-based Guidehouse said Monday it expects the transaction to close in the second half of the year and add to the company a group of professionals that advises government clients on various matters such as information technology, finance and human capital management.
“This transaction creates a firm even better positioned to serve clients and drive lasting value for all stakeholders,” said Ramzi Musallam, CEO and managing partner of Veritas and a seven-time Wash100 Award winner.
Scott McIntyre, CEO of Guidehouse, noted the deal aligns with the consulting firm’s strategy to broaden offerings designed to help customers address their pressing challenges.
“With this strategic combination, we anticipate experiencing opportunities for both significant growth and advancement for our colleagues,” added McIntyre, a six-time recipient of the Wash100 Award.
Covington & Burling and Milbank are providing legal guidance to both Veritas and Guidehouse in connection with the transaction.
Deutsche Bank Securities is serving as Grant Thornton’s exclusive financial adviser on the deal, while Morrison & Foerster and Akerman are acting as its legal counsel.
