Author: Christine Thropp|| Date Published: November 6, 2023
Private equity firm Bain Capital is about to finalize its acquisition of consulting firmGuidehouse for $5.3 billion including debt and an agreement is expected as early as Monday, The Wall Street Journal reported.
Guidehouse caters to the departments of Defense, Homeland Security and Veterans Affairs and other federal government agencies. It also provides management and technology consulting and a range of services to state and local governments and businesses.
The McLean, Virginia-based professional service provider is expected to grow by 8 percent to $94 billion in 2023. The growth is partly driven by Guidehouse’s expansion efforts including its acquisition of Grant Thornton’s public-sector advisory practice in 2022, Dovel Technologies in 2021 and Navigant Consulting in 2019.
The firm is also among awardees of the Department of the Treasury’s five-year, $126.1 million blanket purchase agreement for cybersecurity support services and the Department of Veterans Affairs’ five-year, $650 million contract for health care technology development efforts.
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