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New Deal


Announced

Veritas Capital-backed Guidehouse to acquire the public sector advisory practice of Grant Thornton.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Private Equity

Private

Domestic

advisory services

Friendly

Single Bidder

Majority

Acquisition

United States

Management Consulting

Synopsis

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Veritas Capital-backed Guidehouse, a management consulting firm, agreed to acquire the public sector advisory practice of Grant Thornton, a corporate advisory and accounting firm. Financial terms were not disclosed. "The divestiture of our public sector advisory practice is well-aligned with our strategy and will enhance our value to clients by sharpening the firm’s focus on our integrated offerings across audit, tax and advisory services, where we see significant growth opportunities. Additionally, we will further enhance our capital position, strengthen the firm’s quality-focused market position and create compelling opportunities for our colleagues. This transaction is also a testament to the significant accomplishments and stellar reputation of our Public Sector Advisory practice," Seth Siegel, Grant Thornton CEO.

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