Veritas-backed Guidehouse acquires Navigant Consulting for $1.1bn.

Veritas Capital-backed Guidehouse, a leading provider of management consulting services to government clients acquires Navigant Consulting, a global professional recruiting service firm, for $1.1bn. Under the terms of the agreement, Navigant shareholders will receive $28 in cash per share. The per-share purchase price represents a premium of 16% percent over the company’s closing stock price on August 1, 2019, the last trading day prior to today’s announcement, and 26% percent over the company’s 90-day volume-weighted average share price. The closing of this transaction, subject to regulatory approvals and customary closing conditions, is expected to occur in the fourth quarter of this year. “Guidehouse and Navigant are both leaders in their markets today, and this combination creates a new, highly differentiated platform with capabilities and expertise in both commercial and public sector consulting. We look forward to the next chapter of growth as the new organization goes out to market as one entity with combined expertise and scale,” Ramzi Musallam, Veritas Capital CEO.