Veritas-backed Guidehouse to buy Grant Thornton’s public sector advisory practice

• Deutsche Bank Securities is acting as financial advisor to Grant Thornton on the deal
• Guidehouse is a provider of consulting services to the public sector and commercial markets
• Grant Thornton LLP is an audit, tax and advisory firm

Guidehouse, which is backed by Veritas Capital, has agreed to acquire Grant Thornton’s public sector advisory practice. No financial terms were disclosed.

“We are excited to welcome our new colleagues to Guidehouse, building on the strength of our model, continued innovation, and driving the best outcomes for our clients,” said Scott McIntyre, CEO of Guidehouse, in a statement. “This transaction aligns to our strategy to expand expertise and capabilities in support of our clients’ most pressing challenges. With this strategic combination, we anticipate experiencing opportunities for both significant growth and advancement for our colleagues.”

The transaction is expected to close in the second half of 2022.

Milbank LLP and Covington & Burling LLP are acting as legal counsel to Guidehouse and Veritas Capital. Deutsche Bank Securities is acting as financial advisor to Grant Thornton, and Morrison & Foerster LLP and Akerman LLP are acting as legal counsel.

Guidehouse is a provider of consulting services to the public sector and commercial markets. The company has more than 13,000 professionals in over 50 locations globally.

Based in Washington, D.C., Grant Thornton Public Sector Advisory helps executives and managers at all levels of government maximize their performance and efficiency in the face of limited resources and increased demand for services.

Grant Thornton LLP is an audit, tax and advisory firm and the U.S. member firm of the Grant Thornton International Ltd global network.