Bain to Buy Guidehouse in $5 Billion Deal

Consulting Firm Spun Off From PwC in 2018 Bain Capital said it would acquire Guidehouse, a consulting firm that advises government organizations and businesses, in a deal valuing it at $5.3 billion including debt. The firms announced the agreement on Monday. The Wall Street Journal reported on Sunday night that the parties were close to a deal. The move is the latest by private equity firms to scoop up professional services providers as consulting growth in certain areas slows. It is also a rare deal for an asset class that is struggling to find exits and to return capital to awaiting limited partners. In 2018, Veritas Capital, which invests in businesses at the intersection of government and technology, acquired the U.S. public-sector consulting business of Big Four accounting firm PricewaterhouseCoopers for an undisclosed price and rebranded it as Guidehouse. Guidehouse provides management and technology consulting and other services to federal government agencies including the Departments of Defense, Homeland Security, and Veterans Affairs, and to state and local governments, as well as businesses. Based in McLean, Va., Guidehouse has expanded in a series of its own acquisitions, including Navigant Consulting in 2019, Dovel Technologies in 2021, and Grant Thornton’s public-sector advisory practice last year. The purchases, along with in-house development, helped fuel Guidehouse’s growth, bringing its annual revenue from nearly $600 million in 2018 to an expected more ...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT Bain Capital Dovel Technologies Grant Thornton Guidehouse Health IT Acquisitions Healthcare M&A Joseph Robbins Navigant Consulting PricewaterhouseCoopers Scott McIntyre Veritas Capital Source Type: blogs