Veritas Capital acquired the US Public Sector Business from PricewaterhouseCoopers.

Private equity firm Veritas Capital acquired the US Public Sector Business from PricewaterhouseCoopers, a multinational professional services network, for $685m. “Our US Public Sector business has an excellent brand and client base with a strong record of growth, and this transaction will provide the Partners and staff with an opportunity for continued development for both their business and careers,” said Tim Ryan, US chairman and senior partner, PwC. “Furthermore, today’s announcement enables our US firm the opportunity for continued growth and investment to best provide ongoing quality and value to our clients.”