Scott McIntyre, CEO of Guidehouse and a 5-time Wash100 Award recipient, claimed the company’s transfer to invest in McLean, Virginia-based mostly Dovel Technologies seeks to complement concentrate parts and additional system to “create the subsequent generation world consultancy.”
The firms anticipate the transaction to close in the fourth quarter of 2021 pending regulatory approvals and Guidehouse stated Wednesday it estimates the mixture to create annual revenues of a lot more than $2 billion.
Dovel, which operates as a portfolio firm of Macquarie Capital, will incorporate offerings in the health and fitness, human services and community safety segments to Veritas Capital-backed Guidehouse by the acquisition.
The offer comes two decades just after the Washington, D.C.-headquartered management consultancy acquired Navigant Consulting for $1.1 billion (Click on below to browse McIntyre’s total job interview on ExecutiveBiz).
Macquarie Capital and Houlihan Lokey served as Dovel’s financial advisers on the transaction while Cooley acted as its legal counsel.
Milbank and Covington & Burling had been the authorized counsels of Guidehouse and Veritas Cash.