Scott McIntyre, CEO of Guidehouse and a five-time Wash100 Award recipient, said the company’s move to purchase McLean, Virginia-based Dovel Technologies seeks to complement focus areas and further strategy to “create the next generation global consultancy.”
The companies expect the transaction to close in the fourth quarter of 2021 pending regulatory approvals and Guidehouse said Wednesday it estimates the combination to generate annual revenues of more than $2 billion.
Dovel, which operates as a portfolio company of Macquarie Capital, will add offerings in the health, human services and public safety segments to Veritas Capital-backed Guidehouse through the acquisition.
The deal comes two years after the Washington, D.C.-headquartered management consultancy acquired Navigant Consulting for $1.1 billion (Click here to read McIntyre’s full 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 were the legal counsels of Guidehouse and Veritas Capital.